DEVELOPMENT OF ENERGY SECURITY MODEL IN THE PHILIPPINES

Marigold A. Uy

Abstract


The rationale behind conducting this study lies in the Philippines' lack of a comprehensive energy security model, leading to weaknesses in the energy sector that affect accessibility, cost-effectiveness, technological advancements, environmental sustainability, and governance and innovation. This study aims to address the need for a comprehensive energy security model specifically tailored for the Philippines. By employing various research methodologies, including Principal Component Analysis (PCA) and Structural Equation Modeling (SEM), the study aims to identify significant relationships between variables and energy security dimensions, providing valuable insights for informed policy decisions and strategic directions in the energy sector. The findings of the study reveal a complex and interconnected energy security landscape in the Philippines.

 

JEL: O10; O13; O21

 

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Keywords


energy security, Philippines, comprehensive model, supply shocks, PCA, SEM

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References


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DOI: http://dx.doi.org/10.46827/ejefr.v8i1.1621

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