Diaspora, Remittances, and Poverty in RP’s Regions

Ernesto Pernia ()

No 200602, UP School of Economics Discussion Papers from University of the Philippines School of Economics

Abstract: The Philippines is reputed to be the world’s third highest net remittance recipient country (relative to net migration) after India and Mexico. In 2005, remittances were officially recorded at $11.7 billion1 representing about 10% of GDP. Clearly, remittances resulting from the Filipino diaspora have become a major factor in the economic and social life of the country. This paper focuses on the home-country consequences of remittances, addressing the question whether and to what extent remittances contribute to poverty reduction and regional development in the Philippines.

Pages: 22 pages
Date: 2006-06
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Citations: View citations in EconPapers (7)

Published as UPSE Discussion Paper No. 2006-02, June 2006

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Persistent link: https://EconPapers.repec.org/RePEc:phs:dpaper:200602

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