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Do IMF Programs Improve Economic Governance? / Jiro Honda.
- Format:
- Book
- Government document
- Author/Creator:
- Honda, Jirō.
- Series:
- IMF Working Papers; Working Paper ; No. 2008/114
- IMF working paper ; WP/08/114
- IMF Working Papers
- Language:
- English
- Subjects (All):
- International Monetary Fund--Developing countries--Econometric models.
- International Monetary Fund.
- Economic assistance--Developing countries--Econometric models.
- Economic assistance.
- Economic development--Developing countries--Econometric models.
- Economic development.
- Physical Description:
- 1 online resource (34 p.)
- Edition:
- 1st ed.
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2008.
- Language Note:
- English
- Summary:
- This paper examines the effects of IMF financial assistance on economic governance in developing countries, based on panel data analyses of perceived governance indicators. It uses a two-stage approach to address possible endogeneity issues. The results show that successful implementation of IMF programs is associated with improvements in the quality of economic governance. Specifically, the paper finds statistically robust results that IMF concessional programs through the Poverty Reduction and Growth Facility tend to enhance the rule of law and strengthen control of corruption. Through this exercise, however, no statistically significant effect is observed for assistances under the General Resource Account.
- Contents:
- Table of Contents; I. Background; II. The IMF's Approach to Economic Governance; A. The Approach; B. Literature Review; III. Stylized Facts About Economic Governance in Developing Countries; IV. Empirical Framework; A. Model; B. Data; C. Results; V. Concluding Remarks
- Notes:
- Description based upon print version of record.
- Includes bibliographical references.
- Description based on online resource; title from PDF front page (ebrary, viewed February 25, 2014).
- ISBN:
- 9786612840685
- 9781462318469
- 1462318460
- 9781452733951
- 1452733953
- 9781451869743
- 1451869746
- 9781282840683
- 1282840681
- OCLC:
- 815736062
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