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Migration and Foreign Remittances in the Philippines

  • Robert Burgess
  • V. Haksar
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    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.

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    Paper provided by International Monetary Fund in its series IMF Working Papers with number 05/111.

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    Length: 17
    Date of creation: 01 Jun 2005
    Date of revision:
    Handle: RePEc:imf:imfwpa:05/111
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    1. Ralph Chami & Connel Fullenkamp & Samir Jahjah, 2005. "Are Immigrant Remittance Flows a Source of Capital for Development?," IMF Staff Papers, Palgrave Macmillan, vol. 52(1), pages 55-81, April.
    2. Stark, Oded & Helmenstein, Christian & Prskawetz, Alexia, 1997. "A brain gain with a brain drain," Economics Letters, Elsevier, vol. 55(2), pages 227-234, August.
    3. 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.
    4. Mohammed El Qorchi & Samuel Munzele Maimbo & John F. Wilson, 2003. "Informal Funds Transfer Systems; An Analysis of the Informal Hawala System," IMF Occasional Papers 222, International Monetary Fund.
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