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IMF and economic growth: The effects of programs, loans, and compliance with conditionality

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Dreher, Axel

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Article provided by Elsevier in its journal World Development.

Volume (Year): 34 (2006)
Issue (Month): 5 (May)
Pages: 769-788
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Handle: RePEc:eee:wdevel:v:34:y:2006:i:5:p:769-788

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. repec:pal:compes:v:46:y:2004:i:3:p:451-467 is not listed on IDEAS
  2. Michael M. Hutchison, 2004. "Selection Bias and the Output Costs of IMF Programs," EPRU Working Paper Series 04-15, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics. [Downloadable!]
  3. Saleh M. Nsouli & Justin B. Zulu, 1985. "Adjustment Programs in Africa: The Recent Experience," IMF Occasional Papers 34, International Monetary Fund.
  4. Wolfgang Mayer & Anna Ivanova & George C. Anayotos & Alex Mourmouras, 2003. "What Determines the Implementation of IMF-Supported Programs?," IMF Working Papers 03/8, International Monetary Fund. [Downloadable!]
  5. Axel Dreher & Roland Vaubel, 2003. "The Causes and Consequences of IMF Conditionality," International Finance 0309004, EconWPA, revised 17 Oct 2003. [Downloadable!]
    Other versions:
  6. Heckman, James J, 1979. "Sample Selection Bias as a Specification Error," Econometrica, Econometric Society, vol. 47(1), pages 153-61, January. [Downloadable!] (restricted)
  7. Michael P. Dooley & Jeffrey A. Frankel, 2003. "Managing Currency Crises in Emerging Markets," NBER Books, National Bureau of Economic Research, Inc, number dool03-1.
  8. Jacques J. Polak, 1991. "The Changing Nature of IMF Conditionality," OECD Development Centre Working Papers 41, OECD, Development Centre. [Downloadable!]
  9. Jan-Egbert Sturm & Helge Berger & Jakob de Haan, 2005. "Which Variables Explain Decisions On Imf Credit? An Extreme Bounds Analysis," Economics and Politics, Blackwell Publishing, vol. 17, pages 177-213, 07. [Downloadable!] (restricted)
    Other versions:
  10. Przeworski, Adam & Vreeland, James Raymond, 2000. "The effect of IMF programs on economic growth," Journal of Development Economics, Elsevier, vol. 62(2), pages 385-421, August. [Downloadable!] (restricted)
  11. Francisco José Veiga, 2002. "IMF arrangements, politics and the timing of stabilizations," NIPE Working Papers 2/2002, NIPE - Universidade do Minho. [Downloadable!]
  12. Haggard, Stephan, 1985. "The Politics of Adjustment: Lessons from the IMF's Extended Fund Facility," International Organization, MIT Press, vol. 39(3), pages 505-34, Summer.
  13. Sebastian Edwards & Julio Santaella, 1993. "Devaluation Controversies in the Developing Countries: Lessons from the Bretton Woods Era," NBER Chapters, in: A Retrospective on the Bretton Woods System: Lessons for International Monetary Reform, pages 405-460 National Bureau of Economic Research, Inc. [Downloadable!]
    Other versions:
  14. Axel Dreher & Roland Vaubel, 2004. "Do IMF and IBRD Cause Moral Hazard and Political Business Cycles? Evidence from Panel Data," Open Economies Review, Springer, vol. 15(1), pages 5-22, January. [Downloadable!] (restricted)
  15. Easterly, William, 2005. "What did structural adjustment adjust?: The association of policies and growth with repeated IMF and World Bank adjustment loans," Journal of Development Economics, Elsevier, vol. 76(1), pages 1-22, February. [Downloadable!] (restricted)
    Other versions:
  16. Dicks-Mireaux, Louis & Mecagni, Mauro & Schadler, Susan, 2000. "Evaluating the effect of IMF lending to low-income countries," Journal of Development Economics, Elsevier, vol. 61(2), pages 495-526, April. [Downloadable!] (restricted)
  17. Marchesi, Silvia & Thomas, Jonathan P, 1999. "IMF Conditionality as a Screening Device," Economic Journal, Royal Economic Society, vol. 109(454), pages C111-25, March. [Downloadable!] (restricted)
  18. Joseph P. Joyce, 2006. "Promises Made, Promises Broken: A Model Of Imf Program Implementation," Economics and Politics, Blackwell Publishing, vol. 18(3), pages 339-365, November. [Downloadable!] (restricted)
  19. Michael M. Hutchison, . "A Cure Worse Than The Disease? Currency Crises and the Output Costs of IMF-Supported Stabilization Programs," EPRU Working Paper Series 01-09, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics. [Downloadable!]
    Other versions:
  20. Hutchison, Michael M. & Noy, Ilan, 2003. "Macroeconomic effects of IMF-sponsored programs in Latin America: output costs, program recidivism and the vicious cycle of failed stabilizations," Journal of International Money and Finance, Elsevier, vol. 22(7), pages 991-1014, December. [Downloadable!] (restricted)
    Other versions:
  21. Bird, Graham, 2001. "IMF Programs: Do They Work? Can They be Made to Work Better?," World Development, Elsevier, vol. 29(11), pages 1849-1865, November. [Downloadable!] (restricted)
  22. Haggard, Stephan, 1985. "The politics of adjustment: lessons from the IMF's Extended Fund Facility," International Organization, Cambridge University Press, vol. 39(03), pages 505-534, June. [Downloadable!]
  23. Robert J. Barro & Jong-Wha Lee, 2002. "IMF Programs: Who is Chosen and What Are the Effects?," NBER Working Papers 8951, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  24. Axel Dreher, 2003. "The influence of elections on IMF programme interruptions," The Journal of Development Studies, Taylor and Francis Journals, vol. 39(6), pages 101-120, January. [Downloadable!] (restricted)
  25. Axel Dreher, 2004. "Does the IMF cause moral hazard? A critical review of the evidence," International Finance 0402003, EconWPA, revised 29 Mar 2004. [Downloadable!]
  26. Graham Bird & Dane Rowlands, 2002. "Do IMF Programmes Have a Catalytic Effect on Other International Capital Flows?," Oxford Development Studies, Taylor and Francis Journals, vol. 30(3), pages 229-249. [Downloadable!] (restricted)
  27. Zlata Hajro & Joseph Joyce, 2009. "A true test: do IMF programs hurt the poor?," Applied Economics, Taylor and Francis Journals, vol. 41(3), pages 295-306. [Downloadable!] (restricted)
  28. Boockmann, Bernhard & Dreher, Axel, 2003. "The contribution of the IMF and the World Bank to economic freedom," European Journal of Political Economy, Elsevier, vol. 19(3), pages 633-649, September. [Downloadable!] (restricted)
    Other versions:
  29. Graham Bird, 2002. "The Completion Rate of IMF Programmes: What We Know, Don't Know and Need to Know," The World Economy, Blackwell Publishing, vol. 25(6), pages 833-847, 06. [Downloadable!] (restricted)
  30. Bordo, Michael D. & Schwartz, Anna J., 2000. "Measuring real economic effects of bailouts: historical perspectives on how countries in financial distress have fared with and without bailouts," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 53(1), pages 81-167, December. [Downloadable!] (restricted)
    Other versions:
  31. Faini, Riccardo & De Melo, Jaime & Senhadji-Semlali, Abdel & Stanton, Julie, 1989. "Macro performance under adjustment lending," Policy Research Working Paper Series 190, The World Bank. [Downloadable!]
  32. James L. Butkiewicz & Halit Yanikkaya, 2003. "An Assessment of the Effectiveness of International Financial Intervention," Working Papers 03-05, University of Delaware, Department of Economics. [Downloadable!]
  33. Edwards, Sebastian, 1989. "The international monetary fund and the developing countries: A critical evaluation," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 31(1), pages 7-68, January. [Downloadable!] (restricted)
  34. Axel Dreher, 2002. "Does Globalization Affect Growth?," Development and Comp Systems 0210004, EconWPA, revised 04 Feb 2003. [Downloadable!]
  35. Axel Dreher, 2004. "A Public Choice Perspective of IMF and World Bank Lending and Conditionality," Public Choice, Springer, vol. 119(3_4), pages 445-464, 06. [Downloadable!]
  36. Conway, Patrick, 1994. "IMF lending programs: Participation and impact," Journal of Development Economics, Elsevier, vol. 45(2), pages 365-391, December. [Downloadable!] (restricted)
  37. repec:pal:compes:v:46:y:2004:i:3:p:423-450 is not listed on IDEAS
  38. Evrensel, Ayse Y., 2002. "Effectiveness of IMF-supported stabilization programs in developing countries," Journal of International Money and Finance, Elsevier, vol. 21(5), pages 565-587, October. [Downloadable!] (restricted)
  39. Axel Dreher, 2004. "The Influence of IMF Programs on the Re-election of Debtor Governments," Economics and Politics, Blackwell Publishing, vol. 16(1), pages 53-76, 03. [Downloadable!] (restricted)
  40. Valerie Mercer-Blackman & Anna Unigovskaya, 2000. "Compliance with IMF Program Indicators and Growth in Transition Economies," IMF Working Papers 00/47, International Monetary Fund.
  41. Polak, J.J., 1991. "The Changing Nature of IMF Conditionality," Princeton Studies in International Economics 184, International Economics Section, Departement of Economics Princeton University,.
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Francisco Joséveiga, 2005. "Does IMF Support Accelerate Inflation Stabilization?," Open Economies Review, Springer, vol. 16(4), pages 321-340, October. [Downloadable!] (restricted)
  2. Rainer Thiele & Peter Nunnenkamp & Axel Dreher, 2006. "Sectoral Aid Priorities: Are Donors Really Doing their Best to Achieve the Millennium Development Goals?," Working papers 06-124, KOF Swiss Economic Institute, ETH Zurich. [Downloadable!]
    Other versions:
  3. Martin Gassebner & Noel Gaston & Michael Lamla, 2007. "The Inverse Domino Effect: Are Economic Reforms Contagious?," Monash Economics Working Papers 31/07, Monash University, Department of Economics. [Downloadable!]
    Other versions:
  4. Jiro Honda, 2008. "Do IMF Programs Improve Economic Governance?," IMF Working Papers 08/114, International Monetary Fund. [Downloadable!]
  5. Barry Eichengreen & Poonam Gupta & Ashoka Mody, 2006. "Sudden Stops and IMF-Supported Programs," NBER Working Papers 12235, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  6. Axel Dreher & Thomas Herzfeld, 2005. "The Economic Costs of Corruption: A Survey and New Evidence," Public Economics 0506001, EconWPA. [Downloadable!]
  7. Rouben Atoian & Alex Mourmouras & Saleh M. Nsouli, 2004. "Institutions, Program Implementation, and Macroeconomic Performance," IMF Working Papers 04/184, International Monetary Fund. [Downloadable!]
  8. Christian Hopp & Axel Dreher, 2007. "Do Differences in Institutional and Legal Environments Explain Cross-Country Variations in IPO Underpricing?," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    Other versions:
  9. Axel Dreher & Nathan Jensen, 2005. "Independent Actor or Agent? An Empirical Analysis of the impact of US interests on IMF Conditions," Working papers 05-118, KOF Swiss Economic Institute, ETH Zurich. [Downloadable!]
    Other versions:
  10. Axel Dreher & Martin Gassebner & Lars-H. R. Siemers, 2007. "Does Terror Threaten Human Rights? Evidence from Panel Data," Working papers 07-156, KOF Swiss Economic Institute, ETH Zurich. [Downloadable!]
    Other versions:
  11. Axel Dreher, 2005. "Does the IMF Influence Fiscal and Monetary Policy?," Journal of Policy Reform, Taylor and Francis Journals, vol. 8(3), pages 225-238, September. [Downloadable!] (restricted)
  12. Axel Dreher & Stefanie Walter, 2008. "Does the IMF Help or Hurt? The Effect of IMF programs on the likelihood and outcome of currency crises," Working papers 08-186, KOF Swiss Economic Institute, ETH Zurich. [Downloadable!]
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