Low Growth Rate of GDP per Capita in the Philippines

다국어 초록 (Multilingual Abstract)

If we compare the GDP per Capita for the last 20 years between Philippines and other ASEAN countries, Philippines remains in the lowest on GDP per Capita. This paper is trying to find out the possible reasons for the low growth rate of the GDP per Capita in the Philippines. 53 years data from the World Bank are used explore the relationships between the GDP per Capita and eight economic indicators to run three time series models and one to one regression. Three indicators, namely, consumer price index, gross capital formation as a percentage of GDP and population are remarked with possible contribution to the low growth rate of the GDP per capita of the Philippines.

목차 (Table of Contents)

• Abstract 1. INTRODUCTION 2. RESEARCH DESIGN 3. RESULTS 4. CONCLUSIONS REFERENCES

참고문헌 (Reference)

1 Saunders, M., "Research methods for business students" Pearson Education South Asia Pte Ltd 222-237, 2009

2 Mankiw, N. Gregory, "Principles of Macroeconomics" South-Western Cengage Learning 532-567, 2012

3 Blanchard, Olivier, "Macroeconomics" Prentice Hall 235-239, 2011

4 Wooldridge, M. Jeffrey, "Introductory Econometric. A Modern Approach" South-Western Cengage Learning 52-73, 2006