Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/322809 
Year of Publication: 
2009
Series/Report no.: 
Discussion Papers Series No. 09-26
Publisher: 
Utrecht University, Utrecht School of Economics, Tjalling C. Koopmans Research Institute, Utrecht
Abstract: 
IMF programs consist of granting loans, and of conditionality that countries have to follow in order to qualify for them. The paper uses a pooled time-series cross section analysis, covering 98 countries over the period 1970-2000 in order to find out which effect IMF programs have on the personal and wage income distribution of the grant receiving country. Similar to findings on growth (Dreher 2006), IMF programs have also a negative impact on income. This is due mainly to conditionality, whereas the amount of loans granted does not seem to harm.
Subjects: 
developing countries
inequality
pooled regression
IMF programs
loans and conditionality
Document Type: 
Working Paper

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