Migration and Foreign Remittances in the Philippines

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Migration and Foreign Remittances in the Philippines
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Volume/Issue:
2005/111
Series:
IMF Working Papers
Author(s):
Robert Burgess, and V. Haksar
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
June 2005
DOI:
http://dx.doi.org/10.5089/9781451861303.001
ISBN:
9781451861303
ISSN:
1018-5941
Page:
17
International migration and large remittance flows have been prominent features of the Philippine economy for many decades. This paper describes the evolving pattern of migration and remittance flows and analyzes some of the channels through which remittances affect economic activity. The empirical evidence does not clearly support the purported short-term stabilizing effect on consumption of remittance flows. Furthermore, as in other countries, the longer term economic effect of such flows is ambiguous.
Article

Migration and Foreign Remittances in the Philippines

Author(s):
Robert Burgess, and V. Haksar
Published Date:
June 2005
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