The Effects of Remittances and Education on Energy Consumption in the Philippines

Date

6-2024

Degree

Bachelor of Science in Economics

College

College of Economics and Management (CEM)

Adviser/Committee Chair

Gideon P. Carnaje

Committee Member

Jhoana V. Alcalde, Ma. Angeles O. Catelo

Abstract

This study examined the effects of remittances and education on energy consumption in the Philippines. By performing diagnostic tests, unit root tests, and cointegration analysis, it analyzed the effects of remittance and education on energy consumption with the control variables of economic growth, energy prices, and trade. The results indicated that real GDP and trade openness increase energy consumption in the Philippines in the long-run while energy prices reduce energy consumption in the Philippines in the long run. The results suggest however that remittance and education in the Philippines have no short-run or long run relationship with energy consumption. The study used Autoregressive Distributive Lag (ARDL) to verify the short-run and long-run dynamics among the variables. The study specified the implications of the findings for policy directions and areas for future studies.

Language

English

LC Subject

Energy Consumption

Location

UPLB College of Economics and Management (CEM)

Call Number

LG 993.5 2024 E2 L33

Notes

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Document Type

Thesis

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