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Growth-Oriented Adjustment Programs: A Conceptual Framework

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Author Info

  • Mohsin S. Khan

    (International Monetary Fund)

  • Peter J. Montiel

    (International Monetary Fund)

Abstract

A conceptual framework is proposed as an input to the design of growth-oriented adjustment programs. The two building blocks of the model are the well-known monetary approach to the balance of payments and a variant of the open-economy neoclassical growth model. The integrated model combines growth, inflation, and the balance of payments and links these objectives to government policies and the availability of foreign financing. The principal advantage of the framework is its simple structure, which enables it to be applied relatively easily to a variety of developing countries.

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Bibliographic Info

Article provided by Palgrave Macmillan in its journal Staff Papers - International Monetary Fund.

Volume (Year): 36 (1989)
Issue (Month): 2 (June)
Pages: 279-306

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Handle: RePEc:pal:imfstp:v:36:y:1989:i:2:p:279-306

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Cited by:
  1. Jinjarak, Yothin & Salinas, Gonzalo & Tsikata, Yvonne M., 2013. "The effect of World Bank trade adjustment assistance on trade and growth, 1987–2004: Is the glass half full or half empty?," Economic Systems, Elsevier, vol. 37(3), pages 415-430.
  2. Evia, José Luis, 1996. "Política Fiscal e Inversión Privada en Bolivia," Documentos de trabajo 6/1992, Instituto de Investigaciones Socio-Económicas (IISEC), Universidad Católica Boliviana.
  3. Reinhart, Carmen, 1989. "A model of adjustment and growth: An empirical analysis," MPRA Paper 14101, University Library of Munich, Germany.
  4. E. V. K. Fitzgerald, 1992. "Private Sector Investment and Savings Behaviour: The Policy Implications of Capital Account Disaggregation," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 31(4), pages 491-510.
  5. Brigitte Granville & Sushanta Mallick*, 2006. "Integrating poverty reduction in IMF-World Bank Models," Working Papers id:502, eSocialSciences.
  6. Thilak Ranaweera, 2004. "Ghost of the financing gap: an overlooked aspect of the aid debate," Journal of International Development, John Wiley & Sons, Ltd., vol. 16(4), pages 637-652.
  7. Reinhart, Carmen, 1990. "“A Model of Adjustment and Growth," MPRA Paper 8145, University Library of Munich, Germany.

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