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

Author

Listed:
  • Sarah Lynne Daway

    (UP School of Economics)

  • Geoffrey Ducanes

    (UP School of Economics)

Abstract

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.

Suggested Citation

  • Sarah Lynne Daway & Geoffrey Ducanes, 2015. "A note on the effects of remittances and overseas migration on some Philippine statistics," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 51(1), pages 95-116, June.
    • Handle: RePEc:phs:prejrn:v:52:y:2015:i:1:p:95-116
    as

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    File URL: http://pre.econ.upd.edu.ph/index.php/pre/article/view/918/817
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    References listed on IDEAS

    as
    1. Desiree A. Desierto & Geoffrey M. Ducanes, 2013. "Philippines," Chapters, in: Hal Hill & Maria Socorro Gochoco-Bautista (ed.), Asia Rising, chapter 13, pages 385-407, Edward Elgar Publishing.
    2. International Labour Office., 2014. "Global employment trends 2014 : risk of a jobless recovery?," Global Employment Trends Reports 994846163402676, International Labour Office, Economic and Labour Market Analysis Department.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    remittances; migration;

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances

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