Migration and Foreign Remittances in the Philippines
AbstractInternational 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.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 05/111.
Date of creation: 01 Jun 2005
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-10-23 (All new papers)
- NEP-DEV-2005-10-24 (Development)
- NEP-SEA-2005-10-24 (South East Asia)
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