Revisiting the Effects of IMF Programs on Poverty and Inequality

被引：54
作者：
Oberdabernig, Doris A. [1 ,2 ]
机构：
[1] Vienna Univ Econ & Business WU, Vienna, Austria
[2] Austrian Inst Econ Res WIFO, Vienna, Austria
来源：
WORLD DEVELOPMENT | 2013年 / 46卷
关键词：
poverty and income distribution; IMF lending programs; model uncertainty; treatment effects; cross-country analysis; developing countries;
D O I：
10.1016/j.worlddev.2013.01.033
中图分类号：
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号：
0201 ; 020105 ; 03 ; 0303 ;
摘要：
Investigating how lending programs of the International Monetary Fund (IMF) affect poverty and inequality, we explicitly address model uncertainty. We control for endogenous selection into IMF programs using data on 86 low- and middle income countries for the 1982-2009 period and analyze program effects on various poverty and inequality measures. The results rely on averaging over 90 specifications of treatment effect models and indicate adverse short-run effects of IMF agreements on poverty and inequality for the whole sample, while for a 2000-09 subsample the results are reversed. There is evidence that significant short-run effects might disappear in the long-run. (C) 2013 Elsevier Ltd. All rights reserved.
引用
收藏
页码：113 / 142
页数：30
相关论文
共 102 条
  • [1] Abugre, C., (2000) Still sapping the poor: A critique of IMF Poverty Reduction Strategies, , http://www.globalexchange.org/campaigns/wbimf/imf0600.html, The world development movement. Available from
  • [2] Adams, R.H., Economic growth, inequality, and poverty: Estimating the growth elasticity of poverty (2004) World Development, 32 (12), pp. 1989-2014
  • [3] Akaike, H., Information theory and an extension of the maximum likelihood principle (1973) Second international symposium on information theory, pp. 267-281. , Akademiai Kiado, Budapest, B.N. Petrov, F. Csaki (Eds.)
  • [4] Ames, B., Brown, W., Devarajan, S., Izquierdo, A., (2001) Macroeconomic policy and poverty reduction, , http://www.imf.org/external/pubs/ft/exrp/macropol/eng/index.htm#2, Available from
  • [5] Andersen, T.B., Harr, T., Tarp, F., On US politics and IMF lending (2006) European Economic Review, 50 (7), pp. 1843-1862
  • [6] Arpac, O., Bird, G., Mandilaras, A., Stop interrupting: An empirical analysis of the implementation of IMF programs (2008) World Development, 36 (9), pp. 1493-1513
  • [7] Atkinson, A.B., Brandolini, A., Promise and pitfalls in the use of "secondary" data-sets: Income inequality in OECD countries as a case study (2001) Journal of Economic Literature, 39 (3), pp. 771-799
  • [8] Atoyan, R., Conway, P., Evaluating the impact of IMF programs: A comparison of matching and instrumental-variable estimators (2006) The Review of International Organizations, 1 (2), pp. 99-124
  • [9] Barro, R.J., Lee, J., IMF programs: Who is chosen and what are the effects? (2005) Journal of Monetary Economics, 52 (7), pp. 1245-1269
  • [10] Barro, R.J., Lee, J., A new data set of educational attainment in the world, 1950-2010 (2010) NBER Working Paper Series, pp. 1-47. , 15902
12345678910