EconStor >
Wellesley College >
Department of Economics, Wellesley College >
Working Papers, Department of Economics, Wellesley College >

Please use this identifier to cite or link to this item:
Title:A True Test: Do IMF Programs Hurt the Poor? PDF Logo
Authors:Hajro, Zlata
Joyce, Joseph P.
Issue Date:2004
Series/Report no.:Working Papers / Wellesley College, Department of Economics 2004,01
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.
Subjects:IMF programs ; poverty ; openness; governance
Document Type:Working Paper
Appears in Collections:Working Papers, Department of Economics, Wellesley College

Files in This Item:
File Description SizeFormat
WP2004-01.pdf236.07 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:

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