�l+k�o First, IMF program approval is associated with a certain amount of money.1 The effect of … By continuing you agree to the use of cookies. %%EOF
Copyright © 2000 Elsevier Science B.V. All rights reserved. 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. h�bbd``b`Y$@���� Interestingly, the size of IMF financing has no significant impact on economic growth, possibly pointing to the prominent role of IMF policy advice and institutional capacity building in the context of longer-term engagement. Use the free Adobe Acrobat Reader to view this PDF file. We use cookies to help provide and enhance our service and tailor content and ads. Yasemin Bal-Gunduz
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Don’t miss another update. All material on this site has been provided by the respective publishers and authors. $��@\ : +1-203-432-5230; fax: +1-203-432-6196. 13/273 Subject: Economic growth Fund-supported adjustment programs IMF Programs Low-income developing countries Fund-supported adjustment programs
Please refer to our Privacy Policy for information on how these cookies are used and options for opting out. Notably, the IMF financial support has the greatest impact on short-term growth when LICs are faced with substantial macroeconomic imbalances or exogenous shocks. Public profiles for Economics researchers, Various rankings of research in Economics & related fields, Curated articles & papers on various economics topics, Upload your paper to be listed on RePEc and IDEAS, RePEc working paper series dedicated to the job market, Pretend you are at the helm of an economics department, Data, research, apps & more from the St. Louis Fed, Initiative for open bibliographies in Economics, Have your institution's/publisher's output listed on RePEc. https://doi.org/10.1016/S0304-3878(00)00090-0. Our website uses cookies. Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. https://doi.org/10.1016/j.worlddev.2005.11.002. We control for endogenous selection into IMF programs using data on 86 low- and middle income countries for the 1982–2009 period and analyze program effects on various poverty and inequality measures. ;
ScienceDirect ® is a registered trademark of Elsevier B.V. ScienceDirect ® is a registered trademark of Elsevier B.V. Low-income developing countries, Please address any questions about this title to publications@imf.org. The SBA and EFF programs did not cover very low-income countries. We also present evidence that the short-term IMF engagement through augmentations of existing programs or short-term and emergency facilities is positively associated with a wide range of macroeconomic outcomes. IMF loans have no robust statistically significant impact. Follow DIW Berlin: © Copyright 2020 German Institute for Economic Research (DIW Berlin). Currency Crises and the Output Costs of IMF-Supported Stabilization Programs, A cure worse than the disease? -)�>�Nq��U1{Wċ��9�������3��oĿqr�|�q���?�.c`prqqqMْ�����������������Z� When requesting a correction, please mention this item's handle: RePEc:taf:jdevst:v:53:y:2017:i:12:p:2179-2196. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation. WASHINGTON - It will take some countries years to return to economic growth following the coronavirus crisis, which is lasting longer than expected, the No. It also allows you to accept potential citations to this item that we are uncertain about. ". ScienceDirect ® is a registered trademark of Elsevier B.V. ScienceDirect ® is a registered trademark of Elsevier B.V. IMF and economic growth: The effects of programs, loans, and compliance with conditionality. ", Silvia Marchesi & Emanuela Sirtori, 2011. IMF Programs
IMF programs and stigma in Emerging Market Economies, Temi di discussione (Economic working papers), IMF-Supported Programs and Income Convergence in Low-Income Countries, Hutchison, Michael M. & Noy, Ilan, 2003. IMF-Supported Programs in Low Income Countries: Economic Impact over the Short and Longer Term 1 Prepared by . The effects of IMF and World Bank interaction on growth, The Review of International Organizations, Effectiveness of IMF-supported stabilization programs in developing countries, Selection Bias and the Output Costs of IMF Programs, Stop Interrupting: An Empirical Analysis of the Implementation of IMF Programs, The political economy of participation in IMF programs: a disaggregated empirical analysis. Copyright © 2020 Elsevier B.V. or its licensors or contributors. 0
Do IMF programs catalyze donor assistance to low-income countries? ", Barro, Robert J.