Is two better than one? The effects of IMF and World Bank interaction on growth

被引：18

作者：

Marchesi, Silvia ^{[1
]}

Sirtori, Emanuela ^{[2
]}

机构：

[1] Univ Milano Bicocca, Dipartimento Econ Polit, I-20126 Milan, Italy

[2] CSIL Ctr Ind Studies, Milan, Italy

来源：

REVIEW OF INTERNATIONAL ORGANIZATIONS | 2011年 / 6卷 / 3-4期

关键词：

IMF and World Bank conditionality; Coordination; Economic growth; Panel data; EMPIRICAL-ANALYSIS; ECONOMIC-GROWTH; POLITICAL-ECONOMY; SECURITY COUNCIL; CONDITIONALITY; PROGRAMS; AID; LOANS; POLICIES; FAILURE;

D O I：

10.1007/s11558-011-9107-8

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We estimate the impact on economic growth of the joint participation in both IMF and World Bank programs. More specifically, using panel data for 128 developing countries over the period 1982-2005, and employing 2SLS to control for the possible endogeneity of participation in an IMF/World Bank program, we find that the interaction between these two organizations has a positive and significant impact on growth. The paper then opens up interesting new research questions related to investigate further on the effects of Bank-Fund simultaneous action and, to the extent to which their stronger impact on growth may depend on Bank-Fund interaction, also ways to optimize their joint effect through greater cooperation.

引用

页码：287 / 306

页数：20

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