Remittances and competitiveness: the case of the Philippines
AbstractThe paper looks at the impact of workers remittances on the competitiveness of the receiving economy. It extends existing research that concentrated on the exchange rate effects of remittances, the so-called Dutch disease effect, by adding labour market effects. The results show that the labour market effects of emigration and remittances have a significant impact on competitiveness that goes beyond the traditional exchange rate effect.
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Bibliographic InfoPaper provided by International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague in its series ISS Working Papers - General Series with number 18701.
Date of creation: 01 Feb 2010
Date of revision:
Dutch disease; Philippines; competitiveness; exchange rate; monetary policy; remittances;
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