Goce-Dakila, Cristela; Francisco G. Dakila Jr. - In: Philippine Review of Economics 46 (2009) 2, pp. 221-241
Remittance inflows from overseas Filipino workers have become the second-largest source of foreign exchange for the Philippine economy. In view of this, we assess the vulnerability of Philippine households to an exogenous shock in the form of a five-percent decline in remittances. We utilize a...