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Migration, Jobs, and Real Exchange Rates in the Philippines

Author

Listed:
  • Chong, Alberto

    (Georgia State University,)

Abstract

This study tests whether exchange rate appreciation due to migration is tempered by the hiring of part-time workers. Quarterly data from 1994 to 2015 for the Philippines are employed. We find that not only increase in remittances, but also increase in migration appreciates real exchange rate. The results also show that underemployment tends to depreciate the exchange rate, which implies that the hiring structure does have a role on the long run real effective exchange rate.

Suggested Citation

  • Chong, Alberto, 2018. "Migration, Jobs, and Real Exchange Rates in the Philippines," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 33(3), pages 514-537.
    • Handle: RePEc:ris:integr:0751
    as

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    More about this item

    Keywords

    Migration; Remittances; Exchange rate; the Philippines; Cointegration;
    All these keywords.

    JEL classification:

    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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