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A note on the effects of remittances and overseas migration on some Philippine statistics

Philippine Review of Economics

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Title A note on the effects of remittances and overseas migration on some Philippine statistics
 
Creator Daway, Sarah Lynne; University of the Philippines School of Economics
Ducanes, Geoffrey; University of the Philippines School of Economics
 
Subject remittances, migration
 
Description The Philippines is peculiar in that a significant portion of its population is dispersed globally, sending remittances that have exceeded 8 percent of its gross domestic product (gdp) in recent years. For the last two decades, the country has enjoyed a steady flow of remittances from overseas Filipino workers, which has not only provided an additional source of disposable income to domestic households but has also served as a buffer against economic downturns. This note shows that standard gdp accounting and current labor statistics may inadequately account for remittances and overseas migration, especially their corresponding welfare consequences. A better valuation of welfare and living standards requires alternative measures that would better capture the migration phenomenon. JEl classification: E01, J21, F22, F24
 
Publisher Philippine Review of Economics
 
Contributor —
 
Date 2015-06-22
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/918
 
Source Philippine Review of Economics; Vol 52, No 1 (2015); 95-116
1655-1516
 
Language eng
 
Relation http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/918/817
 
Rights Copyright (c) 2017 Philippine Review of Economics