Remittances and competitiveness: the case of the Philippines
View PDF Version
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.
- exchange rate
- labour productivity
- dutch disease effect