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Diaspora, Remittances, and Poverty in RP’s Regions

  • Ernesto M. Pernia

    (School of Economics, University of the Philippines Diliman)

The Philippines is reputed to be the world’s third highest net remittance recipient country (relative to net migration) after India and Mexico. In 2005, remittances were officially recorded at $11.7 billion1 representing about 10% of GDP. Clearly, remittances resulting from the Filipino diaspora have become a major factor in the economic and social life of the country. This paper focuses on the home-country consequences of remittances, addressing the question whether and to what extent remittances contribute to poverty reduction and regional development in the Philippines.

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File URL: http://www.econ.upd.edu.ph/dp/index.php/dp/article/view/75/67
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Paper provided by University of the Philippines School of Economics in its series UP School of Economics Discussion Papers with number 200602.

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Length: 22 pages
Date of creation: Jun 2006
Date of revision:
Publication status: Published as UPSE Discussion Paper No. 2006-02, June 2006
Handle: RePEc:phs:dpaper:200602
Contact details of provider: Postal: Diliman, Quezon City 1101
Phone: 927-9686
Web page: http://www.econ.upd.edu.ph/

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