Gross Domestic Product in Relation to the Region of Zamboanga's Sustainable Development
Abstract:
This study examined the relationship between the Zamboanga Peninsula Region's sustainable development and GDP from 2011 to 2015. To determine the relationship between the gross domestic product and the sustainable development of the Zamboanga Peninsula region, the study used the quantitative method of research, specifically descriptive correlation research, with the assistance of documentary evidence from various regional government agencies and offices. The percentage and the Pearson-r Product-Moment Coefficient of Correlation were the statistical tools utilized. According to the study, the GDP of the Zamboanga Peninsula Region (ZPR) has been increasing steadily in terms of GDP growth rate, but it has very little to no correlation with the indicators of sustainable development, particularly those related to the economic, social, and ecological facets. As one of the variables under the economic component, the GDP growth rate only showed a significant link with the unemployment rate. Economic managers such as NEDA and DOF may examine the sectors and industries that contribute less to the GDP of the region and take the necessary action to promote additional job possibilities. To further improve their performance, which is based on sustainable development metrics, local government units are urged to work more closely with other government departments.
KeyWords:
Economic Growth, Employment, Government Agencies, Gross Domestic Product, Sustainable Development
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