EconStor >
Verein für Socialpolitik >
Ausschuss für Entwicklungsländer, Verein für Socialpolitik >
Proceedings of the German Development Economics Conference, 2005 (Kiel) >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/19804
  
Title:IMF and Economic Growth: The Effects of Programs, Loans, and Compliance with Conditionality PDF Logo
Authors:Dreher, Axel
Issue Date:2005
Series/Report no.:Proceedings of the German Development Economics Conference, Kiel 2005 / Verein für Socialpolitik, Research Committee Development Economics 11
Abstract: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.
Subjects:IMF programs
growth
compliance
conditionality
JEL:F34
F33
O57
Document Type:Conference Paper
Appears in Collections:Proceedings of the German Development Economics Conference, 2005 (Kiel)

Files in This Item:
File Description SizeFormat
Dreher.pdf143.21 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/19804

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.