Imf Supported Programs And Income Convergence In Low Income Countries PDF Download
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Author | : Tejesh Pradhan |
Publisher | : International Monetary Fund |
Total Pages | : 37 |
Release | : 2018-12-13 |
Genre | : Business & Economics |
ISBN | : 1484386140 |
Download IMF-Supported Programs and Income Convergence in Low-Income Countries Book in PDF, ePub and Kindle
Continuing the empirical debate on the effects of IMF-supported programs on participating countries’ macroeconomic performance, we focus on the issue of whether these programs accelerate conditional ß-convergence among low-income countries (LICs). We use an unbalanced panel dataset for 85 LICs over the period 1986-2015 and employ two different econometric methods to address the selection bias problem. Our empirical results suggest that the rate of conditional income per capita convergence is faster among LICs with extended IMF support than that in countries without support or with intermittent support.
Author | : Mr.Christian Mumssen |
Publisher | : International Monetary Fund |
Total Pages | : 64 |
Release | : 2014-01-15 |
Genre | : Business & Economics |
ISBN | : 1484359437 |
Download IMF-Supported Programs in Low Income Countries Book in PDF, ePub and Kindle
This paper studies the short and longer-term impact of IMF engagement in Low-Income Countries (LICs) over nearly three decades. In contrast to earlier studies, we focus on a sample composed exclusively of LICs and disentangle the different effects of IMF longer-term engagement and short-term financing using a propensity score matching approach to control for selection bias. Our results indicate that longer-term IMF support (at least five years of program engagement per decade) helped LICs sustain economic growth and boost resilience by building fiscal buffers. Interestingly, the size of IMF financing has no significant impact on economic growth, possibly pointing to the prominent role of IMF policy advice and institutional capacity building in the context of longer-term engagement. We also present evidence that the short-term IMF engagement through augmentations of existing programs or short-term and emergency facilities is positively associated with a wide range of macroeconomic outcomes. Notably, the IMF financial support has the greatest impact on short-term growth when LICs are faced with substantial macroeconomic imbalances or exogenous shocks.
Author | : Yasemin Bal-Gunduz |
Publisher | : International Monetary Fund |
Total Pages | : 60 |
Release | : 2013-10-04 |
Genre | : Business & Economics |
ISBN | : 1484394712 |
Download The Economic Impact of IMF-Supported Programs in Low-Income Countries Book in PDF, ePub and Kindle
This paper aims to assess the economic impact of the IMF’s support through its facilities for low-income countries. It relies on two complementary econometric analyses: the first investigates the longer-term impact of IMF engagement—primarily through successive medium-term programs under the Extended Credit Facility and its predecessors (and more recently the Policy Support Instrument)—on economic growth and a range of other indicators and socioeconomic outcomes; the second focuses on the role of IMF shock-related financing—through augmentations of Extended Credit Facility arrangements and short-term and emergency financing instruments—on short-term macroeconomic performance.
Author | : International Monetary Fund. Secretary's Department |
Publisher | : International Monetary Fund |
Total Pages | : 74 |
Release | : 2021-10-04 |
Genre | : Business & Economics |
ISBN | : 1513568817 |
Download International Monetary Fund Annual Report 2021 Book in PDF, ePub and Kindle
A recovery is underway, but the economic fallout from the global pandemic could be with us for years to come. With the crisis exacerbating prepandemic vulnerabilities, country prospects are diverging. Nearly half of emerging market and developing economies and some middle-income countries are now at risk of falling further behind, undoing much of the progress made toward achieving the UN Sustainable Development Goals.
Author | : Yasemin Bal-Gunduz |
Publisher | : |
Total Pages | : 0 |
Release | : 2013 |
Genre | : Business & Economics |
ISBN | : 9781484386514 |
Download The Economic Impact of IMF-Supported Programs in Low-Income Countries Book in PDF, ePub and Kindle
This paper aims to assess the economic impact of the IMF’s support through its facilities for low-income countries. It relies on two complementary econometric analyses: the first investigates the longer-term impact of IMF engagement—primarily through successive medium-term programs under the Extended Credit Facility and its predecessors (and more recently the Policy Support Instrument)—on economic growth and a range of other indicators and socioeconomic outcomes; the second focuses on the role of IMF shock-related financing—through augmentations of Extended Credit Facility arrangements and short-term and emergency financing instruments—on short-term macroeconomic performance.
Author | : Yasemin Bal-Gunduz |
Publisher | : INTERNATIONAL MONETARY FUND |
Total Pages | : 60 |
Release | : 2013-10-04 |
Genre | : Business & Economics |
ISBN | : 9781475559033 |
Download The Economic Impact of IMF-Supported Programs in Low-Income Countries Book in PDF, ePub and Kindle
This paper aims to assess the economic impact of the IMF’s support through its facilities for low-income countries. It relies on two complementary econometric analyses: the first investigates the longer-term impact of IMF engagement—primarily through successive medium-term programs under the Extended Credit Facility and its predecessors (and more recently the Policy Support Instrument)—on economic growth and a range of other indicators and socioeconomic outcomes; the second focuses on the role of IMF shock-related financing—through augmentations of Extended Credit Facility arrangements and short-term and emergency financing instruments—on short-term macroeconomic performance.
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 130 |
Release | : 2004-01-30 |
Genre | : Business & Economics |
ISBN | : 9781589062733 |
Download IMF Macroeconomic Research on Low-Income Countries Book in PDF, ePub and Kindle
Summarizes the for ward-looking analytical work program on macroeconomic issues related to the Poverty Reduction Strategy Paper approach. The program is evolving through a process that began with a technical workshop; participants from low-income countries, donors, academia, and civil society drafted guidance on selected issues and identified priority research topics. Partners, policymakers, and economic scholars are encouraged to share their perspectives and findings through respective team leaders, whose e-mail addresses are provided. The publication also summarizes IMF analytical work, and contains a bibliography of nearly 1,000 papers.
Author | : Mr.Paolo Dudine |
Publisher | : International Monetary Fund |
Total Pages | : 58 |
Release | : 2010-03-16 |
Genre | : Business & Economics |
ISBN | : 1589069307 |
Download Creating Policy Space in Low-Income Countries during the Recent Crises Book in PDF, ePub and Kindle
Low-income countries were hit especially hard by sharp increases in world food and fuel prices in 2007-08 and the global financial crisis that followed. In response, the International Monetary Fund scaled up its financial assistance to low-income countries and revamped its concessional lending facilities to make them more flexible in meeting the diverse needs of these countries. Creating Policy Space in Low-Income Countries during the Recent Crises assesses empirically the outcome of the IMF response, and provides insight into how IMF-supported programs in low-income countries have been adapted to the changing economic circumstances in these countries. The authors report that these programs have provided expanded policy space in the face of the global price shocks and financial crisis.
Author | : Mr.Shekhar Aiyar |
Publisher | : International Monetary Fund |
Total Pages | : 64 |
Release | : 2013-03-20 |
Genre | : Business & Economics |
ISBN | : 1484315804 |
Download Growth Slowdowns and the Middle-Income Trap Book in PDF, ePub and Kindle
The “middle-income trap” is the phenomenon of hitherto rapidly growing economies stagnating at middle-income levels and failing to graduate into the ranks of high-income countries. In this study we examine the middle-income trap as a special case of growth slowdowns, which are identified as large sudden and sustained deviations from the growth path predicted by a basic conditional convergence framework. We then examine their determinants by means of probit regressions, looking into the role of institutions, demography, infrastructure, the macroeconomic environment, output structure and trade structure. Two variants of Bayesian Model Averaging are used as robustness checks. The results—including some that indeed speak to the special status of middle-income countries—are then used to derive policy implications, with a particular focus on Asian economies.
Author | : Tejesh Pradhan |
Publisher | : International Monetary Fund |
Total Pages | : 37 |
Release | : 2018-12-13 |
Genre | : Business & Economics |
ISBN | : 1484392493 |
Download IMF-Supported Programs and Income Convergence in Low-Income Countries Book in PDF, ePub and Kindle
Continuing the empirical debate on the effects of IMF-supported programs on participating countries’ macroeconomic performance, we focus on the issue of whether these programs accelerate conditional ß-convergence among low-income countries (LICs). We use an unbalanced panel dataset for 85 LICs over the period 1986-2015 and employ two different econometric methods to address the selection bias problem. Our empirical results suggest that the rate of conditional income per capita convergence is faster among LICs with extended IMF support than that in countries without support or with intermittent support.