Remittances and competitiveness: the case of the Philippines
February 2010
Research Paper
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The paper looks at the impact of workersÂ’ 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
Automatically Extracted Terms
- remittances
- exchange rate
- increase
- exchange
- labour
- model
- effect
- growth
- impact
- competitiveness
- market
- investment
- export
- worker
- philippine
- labour productivity
- country
- paper
- equation
- dutch disease effect
