Migration and Foreign Remittances in the Philippines

Author/Editor:

Robert M Burgess ; V. Haksar

Publication Date:

June 1, 2005

Electronic Access:

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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.

Series:

Working Paper No. 2005/111

Subject:

Capital inflows Consumption Disposable income Income Remittances

English

Publication Date:

June 1, 2005

ISBN/ISSN:

9781451861303/1018-5941

Stock No:

WPIEA2005111

Pages:

17

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