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The IMF and Economic Development PDF
By:James Raymond Vreeland
Published on 2003-03-03 by Cambridge University Press

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Why do governments turn to the International Monetary Fund (IMF) and with what effects? This book argues that governments enter IMF programs for economic and political reasons, and finds that the effects are negative on economic growth and income distribution. By bringing in the IMF, governments gain political leverage - via conditionality - to push through unpopular policies. Note that if governments desiring conditions are more likely to participate, estimating program effects is not straightforward: one must control for the potentially unobserved political determinants of selection. This book addresses the selection problem using a dynamic bivariate version of the Heckman model analyzing cross-national time-series data. The main finding is that the negative effects of IMF programs on economic growth are mitigated for certain constituencies since programs also have distributional consequences. But IMF programs doubly hurt the least well off in society: they lower growth and shift the income distribution upward.

This Book was ranked at 13 by Google Books for keyword Economic Development.

Book ID of The IMF and Economic Development's Books is YoBVBAAAQBAJ, Book which was written byJames Raymond Vreelandhave ETAG "pK1h9kZSUA0"

Book which was published by Cambridge University Press since 2003-03-03 have ISBNs, ISBN 13 Code is 9781107320291 and ISBN 10 Code is 1107320291

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