Revisiting the Effects of IMF Programs on Poverty and Inequality

被引：55
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
[71]  
Levine, R., Renelt, D., A sensitivity analysis of cross-country growth regressions (1992) The American Economic Review, 82 (4), pp. 942-963
[72]  
Loayza, N.V., Raddatz, C., The composition of growth matters for poverty alleviation (2010) Journal of Development Economics, 93 (1), pp. 137-151
[73]  
Lundberg, M., Squire, L., The simultaneous evolution of growth and inequality (2003) Economic Journal, 113 (487), pp. 326-344
[74]  
Maddala, G.S., (2008) Limited-dependent and qualitative variables in econometrics, , Cambridge University Press, Cambridge
[75]  
Marshall, M.G., Gurr, T.R., Jaggers, K., (2010), Polity IV dataset version 2009. Political regime characteristics and transitions, 1800-2009
[76]  
Martin, R., Segura-Ubiergo, A., (2004), Social spending in IMF-supported programs. IEO Background Paper, BP/04/1
[77]  
Meschi, E., Vivarelli, M., Trade and income inequality in developing countries (2009) World Development, 37 (2), pp. 287-302
[78]  
Morduch, J., Poverty & vulnerability (1994) The American Economic Review, 84 (2), pp. 221-225
[79]  
Moser, C., Sturm, J.E., Explaining IMF lending decisions after the Cold War (2011) The Review of International Organizations, 6 (3-4), pp. 307-340
[80]  
Mosley, P., Hudson, J., Vershoor, A., Aid, poverty reduction and the "New Conditionality" (2004) The Economic Journal, 114 (496), pp. 217-243
234567891011