IDEAS home Printed from https://ideas.repec.org/h/spr/prbchp/978-3-031-77363-1_4.html
   My bibliography  Save this book chapter

The Critical Role of Electricity Generation in Driving Economic Growth in Developing Nations: The Case of the Philippines

Author

Listed:
  • Zachariah John A. Belmonte

    (Mapúa University
    Mapúa University
    Technological University of the Philippines)

  • Michael N. Young

    (Mapúa University
    Mapúa University)

  • Yogi Tri Prasetyo

    (Mapúa University
    Yuan Ze University
    Yuan Ze University)

  • Rexmelle F. Decapia Jr.

    (Technological University of the Philippines)

Abstract

This study examines the causal relationship between electricity generation (EG) and economic growth in the Philippines. Using Granger causality analysis, data from 2004 to 2018 were analyzed. Before analysis, the stationarity of the data was assessed through the Phillips–Perron unit root test (PP-URT) and cointegration using Johansen's cointegration test (CIT). Results indicate a unidirectional causality from EG to economic growth, suggesting that high levels of EG drive GDP. This study found that electricity generation helps drive economic growth in a developing nation like the Philippines. It was established that electricity generation and consumption have a significant influence on economic development, emphasizing their critical role in Philippine economic growth. The findings of this study have practical implications for policymakers, businesses, and investors. Policymakers can use this information to prioritize investments in energy infrastructure, ensuring a reliable and sustainable electricity supply to support economic growth.

Suggested Citation

  • Zachariah John A. Belmonte & Michael N. Young & Yogi Tri Prasetyo & Rexmelle F. Decapia Jr., 2025. "The Critical Role of Electricity Generation in Driving Economic Growth in Developing Nations: The Case of the Philippines," Springer Proceedings in Business and Economics,, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-77363-1_4
    DOI: 10.1007/978-3-031-77363-1_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:prbchp:978-3-031-77363-1_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.