Migration and Foreign Remittances in the Philippines

18 Pages Posted: 3 Mar 2006

See all articles by robert burgess

robert burgess

affiliation not provided to SSRN

Vikram Haksar

International Monetary Fund (IMF)

Date Written: June 2005

Abstract

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.

Keywords: Philippines, migration, remittances, growth, stabilization

JEL Classification: D1, E32, F2, F22, O15

Suggested Citation

burgess, robert and Haksar, Vikram, Migration and Foreign Remittances in the Philippines (June 2005). IMF Working Paper No. 05/111, Available at SSRN: https://ssrn.com/abstract=887980

Robert Burgess (Contact Author)

affiliation not provided to SSRN

Vikram Haksar

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

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