In developing countries, remittances play a key role as a source of external finance. Remittances are a form of aid that migrant workers send back to their families, located in their home countries, in order to support the needs of the household. In about 25% of developing countries, remittances are larger than public and private capital flows combined (International Monetary Fund, 2009). In 2008, the Philippines economy was the 47th largest economy in the world with a GDP of $322 billion dollars (Asian Development Bank, Fact Sheet). Remittances accounted for over 10% of the Philippine economy, making the Philippines one of the world’s highest remittance receiving countries. Using a probit model and an OLS regression model focusing on the Philippines in 2003, this paper will focus on exploring what variables influence the decision to send a household member away for work, what factors contribute to whether or not a household receives a remittance and if they do, how these same characteristics affect the value of the remittance.
| Identifer | oai:union.ndltd.org:CLAREMONT/oai:scholarship.claremont.edu:cmc_theses-1108 |
| Date | 01 January 2011 |
| Creators | Samson, Maryan S |
| Publisher | Scholarship @ Claremont |
| Source Sets | Claremont Colleges |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | CMC Senior Theses |
| Rights | © 2011 Maryan Samson |
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