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| Title: | | The Contribution of the IMF and the World Bank to Economic Freedom  |
| Authors: | | Boockmann, Bernhard Dreher, Axel |
| Issue Date: | | 2002 |
| Series/Report no.: | | ZEW Discussion Papers 02-18 |
| Abstract: | | We analyse the effect of IMF and World Bank policies on the composite index of economic freedom by Gwartney et al. (2000) as well as its sub-indexes, using a panel of 85 countries observed between 1970 and 1997. With respect to the Bank, we find that the number of projects has a positive impact on overall economic freedom, while the effect of the amount of World Bank credits is negative. These effects are stronger during the 1990s than in earlier periods. There is no clear relationship between credits and programs of the IMF and economic freedom. |
| Subjects: | | Economic freedom IMF World Bank structural adjustment policies |
| JEL: | | O57 F33 F34 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des ZEW ZEW Discussion Papers
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