Determinants of self-rated poverty in the Philippines at the national and household levels
Date
2015-06
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Abstract
This study identifies the core determinants of self-rated poverty in the Philippines, both at the national and household levels; -With such a subjective topic that breaches on a dynamic and multidimensional aspect of poverty, analyzing significant economic and socio-demographic factors can help policymakers deeply understand and effectively address one of the Philippine's long-standing problems. Using an Auto-Regressive Distributed Lag model and a Least Squares Regression model for the macroeconomic variables, it is found that Consumer Price Index, growth rate of real Gross Domestic Product, Underemployment Rate, and Unemployment Rate have significant impact on self-rated poverty. Using an Ordered Logit Regression Analysis for the household-related variables, it is found that Educational Attainment of Household Head and Locale negatively influence poverty perception. Moreover, results show inconclusive data on Overseas Cash Remittances, for which further research is strongly recommended. Lastly, complications were found within the macroeconomic variables, notably with Consumer Price Index, because of the nature of the data.
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Poverty