Social Spending in IMF-supported Programs
AbstractThis paper analyzes the impact of IMF-supported programs on health and education spending in a large time-series cross-section sample of countries. Using an ARIMA model to model time dynamics and instrumental variables to correct for the well-known endogeneity of IMF-supported programs, the paper finds, contrary to the conventional wisdom, that health and education do not decline in the presence of an IMF-supported program. However, this does not necessarily mean that the poor are protected from the costs of economic adjustment.
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Date of creation: 30 Apr 2005
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social spending; IMF-supported programs; health; education;
Find related papers by JEL classification:
- D6 - Microeconomics - - Welfare Economics
- D7 - Microeconomics - - Analysis of Collective Decision-Making
- H - Public Economics
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Bring Out the Punching Bag Again: The IMF, Aid, and Public Spending on Health
by Amanda Glassman in Global Health Policy on 2011-01-19 22:54:43
- Oberdabernig, Doris A., 2013.
"Revisiting the Effects of IMF Programs on Poverty and Inequality,"
Elsevier, vol. 46(C), pages 113-142.
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