Browsing by Author "Montecastro, Denise S."
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Item Restricted An analysis of the impact of foreign investment on employment and wage levels across major industry groups in the Philippines(2017) Montecastro, Denise S. ; Teh, Cherbeth Mae A. ; Mendoza, Maria Nimfa F.This paper used industry-level data over the 2010 to 2014 period to examine the impact of approved foreign investment flows on the nineteen major industry groups in the country. Positive effects are obtained in the employment level for the years covered and showed that there is a significant lagged effect on employment level from running a system and dynamic generalized methods of moments (GMM) regressions. Our findings also suggest that other labor economic measures, such as average daily pay and work hours, exert a substantial impact on the industries’ employment levels. Furthermore, the study showed that while there is a substantial impact of foreign investment flows on the employment, this alone could not account for the overall increasing trend across the years.