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The Contribution of the IMF and the World Bank to Economic Freedom

  • Bernhard Boockmann

    (Centre for European Economic Research)

  • Axel Dreher

    (Mannheim University)

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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File URL: http://128.118.178.162/eps/if/papers/0207/0207001.pdf
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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 2002
Date of revision:
Handle: RePEc:wpa:wuwpif:0207001
Note: Type of Document - ; prepared on PC; pages: 35; figures: included
Contact details of provider: Web page: http://128.118.178.162

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  24. Dreher, Axel, 2002. "The development and implementation of IMF and World Bank conditionality," HWWA Discussion Papers 165, Hamburg Institute of International Economics (HWWA).
  25. Dreher, Axel & Vaubel, Roland, 2000. "Does the IMF cause moral hazard and political business cycles? : Evidence from panel data," Discussion Papers 598, Institut fuer Volkswirtschaftslehre und Statistik, Abteilung fuer Volkswirtschaftslehre.
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