Investment Performance in Local Government Units: An Analysis of Local Economic Enterprises in the 1st District of Rizal

Abstract

Local Economic Enterprises are government entities created through fiscal autonomy to generate revenues and become self-reliant. This paper attempts to establish linkages between local public investments performance through Local Economic Enterprises (LEEs) in achieving immediate outcomes indicating socio-economic development. Likewise, the study tested if there is significant associations between the presence of LEEs and three (3) indicators of socio-economic development; job creation, revenue generation and business proliferation. Using mixed-methods and archival data, the study was able to arrive at significant findings. Based on the results of the study, job creation, revenue generation and business proliferation are the immediate outcomes of LEEs. The second major finding was that there is significant association between the LEEs and the three (3) indicators. However, it was found that there was a low correlation between LEEs effectiveness and sustainability as local investments for socio-economic development.