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ISS Working Paper 492
Remittances and competitiveness: the case of the Philippines / by Veronica Bayangos and Karel Jansen
Abstract
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: remittances, Dutch disease, competitiveness, exchange rate, monetary policy, Philippines
About the authors
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Veronica Bayangos is Senior Economist at the Center of Monetary and Financial Policy of |
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| Karel Jansen is Associate Professor of Macro-Economics and Development at the Institute of Social Studies. See his profile |
Please click here to download the full text of the working paper.
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