00000cab a22000004cb4500 IPP-00000115211 IPP 20200702040650.0 200702s2015 xx d | ||r |||||eng|| eng Daway, Sarah Lynne S. A note on the effects of remittances and overseas migration on some Philippine statistics 2015 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. Migrant remittances Macroeconomics Ducanes, Geoffrey M. Philippine Review of Economics Vol. 52, no. 1 (Jun. 2015), 95-116 UPD DMLP Article FI