Ang, Alvin P.; Sugiyarto, Guntur; Jha, Shikha - 2010
role of remittances in increasing household consumption and investment and thereby their potential for rebalancing economic …As one of the world's largest recipients of remittances, the Philippines received remittances roughly 12% of its gross … domestic product in 2008. Remittances have become the single most important source of foreign exchange to the economy and a …