@techreport{Hajro2004True,
abstract = {This paper uses a fixed-effects model to analyze the effect of IMF programs on poverty with data
from 82 countries during 1985 to 2000. Two indicators of poverty, infant mortality rates and the
Human Development Index (HDI), are utilized, and the effects of the IMF?s concessionary and
nonconcessionary programs are investigated, as well as economic and governance factors. The
results show that the IMF?s programs have no significant direct impact on poverty. Growth and
good governance, however, both have significant impacts, lowering infant mortality and
increasing the HDI. The Fund?s concessionary programs increase the impact of growth on
lowering infant mortality, while the nonconcessionary programs lower the impact of growth on
the HDI. We also test for the impact of IMF programs on growth. Concessionary programs have
a significant contemporaneous positive effect, while nonconcessionary programs have a
significant lagged positive effect.},
author = {Zlata Hajro and Joseph P. Joyce},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {F33; O19; 330; IMF programs ; poverty ; openness; governance; Armut; Internationaler Kredit; Kindersterblichkeit; Entwicklungsindikator; Armutspolitik; Entwicklungsl\"{a}nder; International Monetary Fund},
language = {eng},
number = {2004,01},
title = {A True Test: Do IMF Programs Hurt the Poor?},
type = {Working Papers / Wellesley College, Department of Economics},
url = {http://hdl.handle.net/10419/23223},
year = {2004}
}
