Remittances and competitiveness
The case of the Philippines
The paper looks at the impact of workers' remittances on the competitiveness of the receiving economy. It extends existing research that concentrated on the exchange rate effects of remittances, the so-called Dutch disease effect, by adding labour market effects. The results show that the labour market effects of emigration and remittances have a significant impact on competitiveness that goes beyond the traditional exchange rate effect.
|Keywords||Dutch disease, Philippines, competitiveness, exchange rate, monetary policy, remittances|
|Publisher||International Institute of Social Studies of Erasmus University (ISS)|
Bayangos, V.B, & Jansen, K. (2010). Remittances and competitiveness. ISS Working Paper Series / General Series (Vol. 492, pp. 1–24). International Institute of Social Studies of Erasmus University (ISS). Retrieved from http://hdl.handle.net/1765/18701