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The Contribution of the IMF and the World Bank to Economic Freedom Author info | Abstract | Publisher info | Download info | Related research | Statistics Bernhard Boockmann (Centre for European Economic Research)
Axel Dreher (Mannheim University)
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We analyse the effect of IMF and World Bank policies on the composite index of economic freedom by Gwartney et al. (2000) as well as its sub- indexes, using a panel of 85 countries observed between 1970 and 1997. With respect to the Bank, we find that the number of projects has a positive impact on overall economic freedom, while the effect of the amount of World Bank credits is negative. These effects are stronger during the 1990s than in earlier periods. There is no clear relationship between credits and programs of the IMF and economic freedom.
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Paper provided by EconWPA in its series International Finance with number
0207001.
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Length: 35 pages
Date of creation: 24 Jul 2002Date of revision:
Handle: RePEc:wpa:wuwpif:0207001Note: Type of Document - ; prepared on PC; pages: 35; figures: includedContact details of provider: Web page: http://129.3.20.41
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Keywords: Economic freedom ; IMF ; World Bank ; structural adjustment policies ; Other versions of this item:
Find related papers by JEL classification: F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions F34 - International Economics - - International Finance - - - International Lending and Debt Problems O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
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