Economic Decision across Regions of the Philippines
DOI:
https://doi.org/10.32871/rmrj1705.02.03Keywords:
multivariate analysis, economic disparity, risks takingAbstract
This study determines why Gross Regional Domestic Product per Capita (GRDP) differs across regions in the Philippines vis-Ã -vis population rate, tertiary graduate rate, and crime rate as factors. Using Minitab, it examines the secondary data sets based on every group from various regions of the country. Findings show that educated human capital converge more in highly developed areas where risks matter less and safety measures exist. This results to a concentrated high GRDP in some. It further reveals that index and non-index crime rate is not a hindrance for a person to move in the area with many opportunities as long as life is not at stake. There were more educated individuals in regions with lower GRDP; however, they practiced and worked in highly developed areas and where law is enforced, eyeing a better condition of life. By implication, it results to concentration of educated labor force in areas with better opportunities.
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Detotto, C., & Otranto, E. (2010). Does crime affect economic growth?. Kyklos, 63(3), 330-345. Retrieved from DOI: 10.1111/j.14676435. 2010.00477.x
Faggian, A., & Royuela, V. (2010). Migration flows and quality of life in a metropolitan area: The case of Barcelona-Spain. Applied Research in Quality of Life, 5(3), 241-259. Retrieved from DOI: 10.1007/s11482-010-9108-4
Fisher, I. (2007). The purchasing power of money: its' determination and relation to credit interest and crises. New York, NY: Cosimo.
Goulas, E., & Zervoyianni, A. (2013). Economic growth and crime: Does uncertainty matter?. Applied Economics Letters, 20(5), 420-427. Retrieved from https://doi.org/ 10.1080/13504851.2012.709596
Gyimah-Brempong, K., Paddison, O., & Mitiku, W. (2006). Higher education and economic growth in Africa. The Journal of Development Studies, 42(3), 509-529. Retrieved from DOI: 10.1080/00220380600576490
Hagen-Zanker, J. (2008). Why do people migrate?: A review of the theoretical literature. Retrieved from http://dx.doi.org/10.213 9/ssrn.1105657
Howitt, P. (2010). Endogenous growth theory. In S. N. Durlauf, & L. E. Blume (Eds.), Economic growth (pp. 68-73). Basingstoke, England: Palgrave Macmillan. Retrieved from https://doi.org/10.1057/ 9780230280823
Hoyler, M., Finlayson, S. R., McClain, C. D., Meara, J. G., & Hagander, L. (2014). Shortage of doctors, shortage of data: A review of the global surgery, obstetrics, and anesthesia workforce literature. World Journal of Surgery, 38(2), 269-280. Retrieved from doi: 10.1007/s00268013-2324-y.
Johansson, B., Karlsson, C., & Stough, R. (2011). Theories of endogenous regional growth-Lessons for regional policies. In B. Johansson, C. Karlsson, & R. R. Stough (Eds.), Theories of endogenous regional growth: Lessons for regional policies (pp. 406-414). Berlin, Germany: Springer.
Lin, M. J. (2008). Does unemployment increase crime?: Evidence from US data 1974-2000. Journal of Human Resources, 43(2), 413-436. Retrieved from doi: 10.3368/jhr.43.2.413
Mattoo, A., Neagu, I. C., & Özden, Ç. (2008). Brain waste?: Educated immigrants in the US labor market. Journal of Development Economics, 87(2), 255-269. Retrieved from https://openknowledge.worldbank.org/handle/10986/8931
Ojog, D. (2014). The effect of crime on economic growth (Unpublished thesis). Erasmus University, Rotterdam, Netherlands.
Osman, I., Ho, T., & Galang, M. C. (2011). Are human resource departments really important? An empirical study on Malaysian small and medium enterprises (SMEs) in the service sector. International Journal of Business and Management, 6(2), 147-153. Retrieved from http://dx.doi .org/10.5539/ijbm.v6n2p147
Philippines Statistics Office (2012). The Gross Regional Domestic Product (GRDP). https://psa.gov.ph/content/philippine-economy-posts-61-percent-growth
Roman, J. (2013). The puzzling relationship between crime and the economy. Retrieved from https://www.citylab.com/life/2013/09/puzzling-relationship-between-crime-and economy /6982/
Sassen, S. (2012).Cities in a world economy (4th ed.). Los Angeles, CA: SAGE.
Todaro, M. P., & Smith, S. C. (2012). Economic development (11th ed.). Boston, MA: Addison Wesley.
Yamarone, R. (2012). The trader's guide to key economic indicators (3rd ed.). Hoboken, NJ: Wiley. Retrieved from doi: 10.1002/9781118532461.fmatter
Yates, P. M., & Prescott, D. S. (2011). Building a better life: A good lives and self-regulation workbook. Brandon, VT: Safer Society Press.
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Published
2017-12-31
How to Cite
Ordiz, J. E. G. (2017). Economic Decision across Regions of the Philippines. Recoletos Multidisciplinary Research Journal, 5(2). https://doi.org/10.32871/rmrj1705.02.03
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