A great analysis upon Factors that Affect Joblessness Rate: The Philippine Case

 An evaluation on Elements that Influence Unemployment Price: The Philippine Case Composition

A great Analysis in Factors that Affect

Joblessness Rate: The Philippine Case

An empirical paper

shown to

Doctor Cesar Rufino

School of Economics

De La Salle School

In partially fulfillment of the course

requirements in ECONMET

Submitted by simply:

Ramon Mikael S. Cabazor

April doze, 2014

Stand of Items

Introduction

Qualifications of the Study

Statement in the Problem and Objective

Relevance of the Study

Scope and Limitation

several

3

some

4

five

Review of Related Literature

Joblessness and its Effect on Economic growth

Unemployment and Population Progress

Unemployment and Government Spending

Unemployment and Fuel Imports

6

six

7

eight

9

Functional Framework

Description of Parameters

A-priori Anticipations

Model Requirements

Estimation Procedure

11

eleven

12

13

14

Method

Data Presentation

Initial Regression

Test pertaining to Omitted Changing Bias

Test for Multicollinearity

Test for Autocorrelation

Check for Heteroscedasticity

15

15

16

18

20

21

24

Exploration of Results and Conclusion

dua puluh enam

Policy Suggestions

28

Bibliography

29

two

Introduction

History of the Analyze

The Philippines is now amongst those economies that are developing at a rapid rate, submitting a several. 2% GROSS DOMESTIC PRODUCT growth since 2013 (National Statistics Coordination Board, 2014). However , this is certainly far from inclusive as confirmed by the number of unemployed Filipinos growing to more than doze million individuals, which is converted to a 28. 5% lack of employment rate (Antonio, de Property, & Esguerra, 2014). This is certainly a big difficulty since a single out of every several Filipinos which might be actively seeking a career cannot find one, which means that they are deprived of the stable income source to support the requirements.

Recognizing this problem, the government features certain organizations and offices that are designed to support citizens enhance their employment prospects and area jobs, like the Bureau of Local Work (BLE) that delivers career guides, the Filipino Overseas

Employment Agency (POEA) that is the link to overseas employment opportunities, and the Specialized Education and Skills Development

Authority

(TESDA)

which

offers

training

and

development training courses. However , the question on whether or not these firms work of course, if these are enough for each of our country continue to be unanswered.

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It is through this background the researcher decided to study regarding unemployment in the Philippines, and identify what particular elements can affect the rise or decline in the number of used people, in order for the country is often more productive and competitive especially in light in the upcoming ASEAN

Economic Community in 2015.

Statement from the Problem and Objective

This kind of paper aims to identify if perhaps population development, government spending, and gasoline imports have an impact on the joblessness rate. This kind of paper also aims to measure the extent through which these parameters affect the unemployment rate, and identify the relationships

among

the

independent

variables

with

the

dependent variable.

Relevance of the Examine

The study attracts its significance from the reality unemployment is a very relevant concern at the present time, and from the different social and economic implications that joblessness can bring, just like low standards of living, low levels of productivity and output, likely rise in crime rates, migration, and political lack of stability, among others. Consequently, it is important to understand what

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affects lack of employment rate to be able to produce solutions to countertop it.

Opportunity and Constraint

The study will probably be using time-series data for 32 years from 80 to 2012. The data is usually taken from the World Bank Info Bank and therefore are all extracted from the Thailand.

The regression and estimation will be completed using the software program Gretl. The study will only use the selected factors, namely, inhabitants growth, govt final ingestion expenditure, and fuel...

Bibliography: Antonio, L. L., de Villa, T., & Esguerra, C. V. (2014, February 11). Unemployed

Filipinos strike 12. 1M: SWS: Lack of employment rate rose to twenty seven. 5% in Q4.

Creeks, R. (2002, February). How come Unemployment Rich in The Korea?

IMF Doing work Paper Series.

Gujarati, Deb. N., & Porter, D. C. (2009). Basic Econometrics. New York, Ny,

United States of America: McGraw-Hill/Irwin.

Knotek 2, E. T. (2007). Just how Useful is usually Okun 's Law? Kansas, Texas, Us

of America: Federal Reserve Bank of Kansas.

Loku, A., & Deda, G. (2013). Joblessness in Relation of Growth Population.

Löschel, A., & Oberndorfer, U. (2009, Januart). Olive oil and Unemployment in

Australia

Mellquist, L., & Femermo, M. (2007, January). The Relationship between the

Value of Essential oil and Unemployment in Sweden.

National Figures Coordination Panel. (2014, January 30). Filipino Economy

Grew by 7. 2 percent in 2013; 6. 5 percent in Q4 2013

Value and Quality Statement. Recovered March 28, 2014, by Technical

Education and Expertise Development Power:

Opportunity Price Essay

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