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IMF and Economic Growth: The Effects of Programs, Loans, and Compliance with Conditionality

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dc.creator Dreher, Axel
dc.date 2005
dc.date.accessioned 2013-10-16T07:06:53Z
dc.date.available 2013-10-16T07:06:53Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19804
dc.identifier ppn:500754578
dc.identifier RePEc:zbw:gdec05:3484
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19804
dc.description In theory, the IMF could influence economic growth via several channels, among them advice to policy makers, money disbursed under its programs, and its conditionality. This paper tries to disentangle those effects empirically. Using panel data for 98 countries over the period 1970-2000 it analyzes whether IMF involvement influences economic growth in program countries. Consistent with the results of previous studies, it is shown that IMF programs reduce growth rates when their endogeneity is accounted for. There is only weak evidence that compliance with conditionality mitigates this negative effect. IMF loans have no statistically significant impact.
dc.language eng
dc.publisher
dc.relation Proceedings of the German Development Economics Conference, Kiel 2005 / Verein für Socialpolitik, Research Committee Development Economics 11
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject F34
dc.subject F33
dc.subject O57
dc.subject ddc:330
dc.subject IMF programs
dc.subject growth
dc.subject compliance
dc.subject conditionality
dc.title IMF and Economic Growth: The Effects of Programs, Loans, and Compliance with Conditionality
dc.type doc-type:conferenceObject


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