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All Journal International Journal of Social and Management Studies (IJOSMAS)
Ederliza Magpantay
University of Santo Tomas, Philippines
Religion Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice

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Productivity: A Hidden Engine of Growth in Philippine Remittance Inflows under Gravity Model (Pre-Pandemic Period) Maria Jessica Navarro; Nicole Anne Peñafiel; Ederliza Magpantay
International Journal of Social and Management Studies Vol. 4 No. 2 (2023): April 2023
Publisher : IJOSMAS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5555/ijosmas.v4i2.298

Abstract

As the primary source of income for the Philippines, remittances have increased in the past few years. This study employed the gravity model to determine the extent of the definition of the gravitational and controlled variables of remittances. This study is the first in the literature to examine remittances in the Philippines using the gravity model. Using data from 15 key host nations from 1996 to 2017, panel least squares data with a fixed effect model was adopted using the Housman test to tackle the time-invariant problem. The analysis found that the GDP of the sending country, population, and labor productivity are statistically significant and positively affect the remittance inflow in the Philippines. Whereas distance, the GDP of the recipient country, migrant stock, and political stability are statistically insignificant factors in the remittance inflow into the Philippines.
Co-Authors Maria Jessica Navarro Nicole Anne Peñafiel