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The Case of the Missing Remittances in the FIES : Could it be causing us to mismeasure welfare changes?

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  • Geoffrey Ducanes

    (School of Economics, University of the Philippines Diliman)

Abstract

This paper highlights the increasing underreporting of remittances by the FIES compared to BSP and World Bank figures, advances possible reasons why such underreporting is occurring, and examines its implications for welfare measurement in the country at points in time and across time. Using simulation exercises, the paper finds that indeed the "missing remittances" in the FIES could be causing the mismeasurement of poverty and inequality since 1997, possibly clouding the direction of welfare change.

Suggested Citation

  • Geoffrey Ducanes, 2010. "The Case of the Missing Remittances in the FIES : Could it be causing us to mismeasure welfare changes?," UP School of Economics Discussion Papers 201004, University of the Philippines School of Economics.
  • Handle: RePEc:phs:dpaper:201004
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    File URL: http://www.econ.upd.edu.ph/dp/index.php/dp/article/viewFile/4/4
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    Cited by:

    1. Arsenio Balisacan, 2010. "MDGs in the Philippines: setting the poverty scores right and achieving the targets," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 47(2), pages 1-20, December.
    2. Edita A. Tan, 2012. "The Financial Crisis, Oil Price Hike, the Arab Spring and Foreign Demand for Filipino Workers," UP School of Economics Discussion Papers 201211, University of the Philippines School of Economics.
    3. Arsenio M. Balisacan, 2010. "MDG 1 in the Philippines: Setting the Scores Right and Achieving the Targets," UP School of Economics Discussion Papers 201009, University of the Philippines School of Economics.

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