The paper looks at the impact of migration and workers' remittances on the competitiveness of the home economy. It extends existing research that concentrated on the exchange rate effects of remittances, the so-called Dutch disease effect, by adding labor market effects. The results show that the labor market effects of emigration and remittances have a significant impact on competitiveness that goes beyond the traditional exchange rate effect.

Additional Metadata
Keywords Asia, Competitiveness, Dutch disease, Labor market, Monetary policy, Philippines, Remittances
Persistent URL dx.doi.org/10.1016/j.worlddev.2011.04.019, hdl.handle.net/1765/30933
Citation
Bayangos, V.B., & Jansen, K.. (2011). Remittances and Competitiveness: The Case of the Philippines. World Development, 39(10), 1834–1846. doi:10.1016/j.worlddev.2011.04.019