Browsing by Author "Magsino, Josemaria Carlo Faner"
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Item Restricted Banking on remittances: an analysis on the causality of the savings behavior of remittance receiving households(2012-10) Magsino, Josemaria Carlo Faner; Solon, Orville Jose C.The aim of this paper is to analyze the Overseas Filipino Workers' recipients' savings activity after their income has been augmented by their cash receipts from their relatives abroad. OFW s compose around 10% of the whole Philippine population, and they have been considered as the Philippines' modem day heroes because of their contribution to the stimulation of the economy. It is also crucial to analyze the relationship of these remittances with bank activities since these savings, in the form of bank deposits can help bring the economy back to its stable state during bad times, as in shocks, which is already a prevalent trend in the international scene; as well as the effects of deposits on stimulating economic growth through the multiplier effect. Using a Heckman Two-Stage model and the dataset from the Annual Poverty Indicator Survey (APIS) 2010, this study found out that remittance increases both the likelihood and the actual value of money being deposited in banks. While some other factors, such as sex of head of household and family size, deter the amount that will be saved. From the study, there has been no significant relationship garnered from the regional and geographical location of the household.