Journal of Economics, Finance and Accounting Studies

Yazarlar: Cherry Anne Edora, Narali Esteban, Adeline Sandoval

Konular:-

DOI:10.32996/jefas.2022.4.1.14

Anahtar Kelimeler:Globalization,Child Labor,Economic Growth,FDI,Trade Openness,Philippines

Özet: The problem of child labor has long been studied by economists, and most of it focuses on the microeconomic perspective. For this study, the researchers have decided to shift their focus to macroeconomic analysis. This study focuses on the effects of globalization and economic growth on the prevalence of child labor in the Philippines, mainly focusing on globalization, by using time-series analysis. Studies suggested that there is an inverted U-shaped relationship between globalization and child labor in developing countries, while other studies have determined a U-shaped relationship. The findings of this study reveal that there is no U-shape relationship between the variables but instead follows a linear relationship between globalization and child labor in the Philippine context. However, the lack of data and research publication on a national scale could influence the empirical results. Furthermore, this research can be used as literature in future studies.

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