Remittances and Household Outlook: Shaping the Economic Landscape of the Philippines

IF 2.9 1区 社会学 Q1 DEMOGRAPHY
Neil Fidelle G. Lomibao
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引用次数: 0

Abstract

Remittances have long been shown to support household spending and economic growth. However, limited access to disaggregated data constrains understanding of how these transfers influence household expectations. This study examines how remittances shape household economic outlook across different time horizons in the Philippines. Using regional transaction data from Bangko Sentral ng Pilipinas (BSP)-supervised pawnshops and money service businesses matched with the BSP's Consumer Expectations Survey from 2019 to 2022, the article shows that the relationship between remittances and household outlook is dynamic and varies by remittance source. Domestic remittances are more strongly associated with lagged and longer-horizon improvements in financial situation and family income outlook, while international remittances are often negatively associated with contemporaneous sentiment but become positively associated with several forward-looking outlook measures once lagged effects and common time shocks are considered. These findings suggest that remittances are associated with household outlook in complex, source-specific, and time-varying ways.
汇款和家庭前景:塑造菲律宾的经济格局
长期以来,汇款一直被证明可以支持家庭支出和经济增长。然而,对分类数据的有限获取限制了对这些转移如何影响家庭期望的理解。本研究考察了汇款如何影响菲律宾不同时期的家庭经济前景。本文利用由菲律宾中央银行(BSP)监管的当铺和货币服务企业的区域交易数据,与BSP 2019年至2022年的消费者预期调查相匹配,表明汇款与家庭前景之间的关系是动态的,并因汇款来源而有所不同。国内汇款与财务状况和家庭收入前景的滞后和长期改善的关系更为密切,而国际汇款往往与同期情绪呈负相关,但一旦考虑到滞后效应和共同时间冲击,则与若干前瞻性前景措施呈正相关。这些发现表明,汇款以复杂的、来源特定的和随时间变化的方式与家庭前景相关。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
7.00
自引率
7.90%
发文量
69
期刊介绍: International Migration Review is an interdisciplinary peer-reviewed journal created to encourage and facilitate the study of all aspects of sociodemographic, historical, economic, political, legislative and international migration. It is internationally regarded as the principal journal in the field facilitating study of international migration, ethnic group relations, and refugee movements. Through an interdisciplinary approach and from an international perspective, IMR provides the single most comprehensive forum devoted exclusively to the analysis and review of international population movements.
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