Determining the Relationship between International Trade, Economic Growth, and CO₂ Emissions in the Philippines: An Econometric Analysis

Authors

  • Geisha Claudi U. Tenedor College of Commerce and Business Administration, University of Santo Tomas, Manila, Philippines
  • Michelle Angela O. Reclamante College of Commerce and Business Administration, University of Santo Tomas, Manila, Philippines
  • Ronaldo R. Cabauatan College of Commerce and Business Administration, Research Center for Social Sciences and Education, The Graduate School, University of Santo Tomas, Manila, Philippines

Keywords:

CO₂ emissions, economic growth, exports, GDP growth, goods, imports, international trade, Philippines, services, trade openness

Abstract

This paper studies the relationship between the Philippines’ imports and exports, GDP growth, and CO₂ emissions. The data was collected from the World Bank, and the method used for this study was multiple regression analysis using a number of 60 observations from 1962 to 2021. Results showed that from 1962 to 2002, economic growth had a significant relationship with CO₂ emissions. This means that as the economic growth increased, the CO₂ emissions also increased. However, the annual growth of exports and imports did not significantly impact the CO₂ emissions in the Philippines during this period. From 2003 to 2021, the annual growth of exports and imports showed a significant relationship between CO₂ emissions, while the economic growth showed an insignificant relationship between CO₂ emissions during this period. From this, the researchers concluded that the imports and exports of goods and services and economic growth significantly affect CO₂ emissions in the Philippines. It is also observed that the relationships between the variables can change throughout the years.

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Published

17-12-2023

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Section

Articles

How to Cite

[1]
G. C. U. Tenedor, M. A. O. Reclamante, and R. R. Cabauatan, “Determining the Relationship between International Trade, Economic Growth, and CO₂ Emissions in the Philippines: An Econometric Analysis”, IJRESM, vol. 6, no. 12, pp. 173–179, Dec. 2023, Accessed: Apr. 18, 2024. [Online]. Available: https://journal.ijresm.com/index.php/ijresm/article/view/2894

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