Migration and Foreign Remittances in the Philippines

June 1, 2005

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Format: Chicago

Robert M Burgess, and V. Haksar Migration and Foreign Remittances in the Philippines, (USA: International Monetary Fund, 2005) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Capital inflows, Consumption, Disposable income, Income, Remittances

Keywords: Remittance, WP

Publication Details

Pages:

17
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2005/111
Stock No:

WPIEA2005111
ISBN:

9781451861303
ISSN:

1018-5941

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