The Effect of IMF Programmes on Economic Growth in Low Income Countries: An Empirical Analysis
Graham Bird
Dane Rowlands
10.6084/m9.figshare.4609243
https://tandf.figshare.com/articles/dataset/The_Effect_of_IMF_Programmes_on_Economic_Growth_in_Low_Income_Countries_An_Empirical_Analysis/4609243
<p>Using an LIC-specific participation model, we adopt a propensity score matching (PSM) methodology to compare economic growth performance in countries with and without IMF programmes over the period 1989–2008. Concessional programmes are found to have had a generally positive effect on economic growth for up to two years after agreements were signed. The effects are contingent on other factors including overall initial economic conditions, recent prior growth performance, aid dependency, debt, IMF resources, recent history of IMF engagement and time period. We examine the implications of the results as the IMF considers how best to support the Sustainable Development Goals.</p>
2017-02-02 10:36:23
Low Income Countries
growth performance
programmes
Sustainable Development Goals
IMF
LIC-specific participation model
PSM