Migration and Foreign Remittances in the Philippines
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.
|Date of creation:||01 Jun 2005|
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"A Brain Gain with a Brain Drain,"
45, Institute for Advanced Studies.
- Ralph Chami & Connel Fullenkamp & Samir Jahjah, 2005.
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IMF Staff Papers,
Palgrave Macmillan, vol. 52(1), pages 55-81, April.
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- Robert E. B. Lucas, 2001. "Diaspora and Development: Highly Skilled Migrants from East Asia," Boston University - Department of Economics - The Institute for Economic Development Working Papers Series dp-120, Boston University - Department of Economics.
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