European Parliament Library

Do IMF Programs Improve Economic Governance?, Jiro Honda

Abstract
This paper examines the effects of IMF financial assistance on economic governance in developing countries, based on panel data analyses of perceived governance indicators. It uses a two-stage approach to address possible endogeneity issues. The results show that successful implementation of IMF programs is associated with improvements in the quality of economic governance. Specifically, the paper finds statistically robust results that IMF concessional programs through the Poverty Reduction and Growth Facility tend to enhance the rule of law and strengthen control of corruption. Through this exercise, however, no statistically significant effect is observed for assistances under the General Resource Account
Table Of Contents
Table of Contents; I. Background; II. The IMF's Approach to Economic Governance; A. The Approach; B. Literature Review; III. Stylized Facts About Economic Governance in Developing Countries; IV. Empirical Framework; A. Model; B. Data; C. Results; V. Concluding Remarks
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (34 p.)
Form Of Item
online
Isbn
9781462318469

Library Locations

  • EP Library Strasbourg

    7 Place Adrien Zeller, Allée du Printemps, Strasbourg, F-67070, FR
    Borrow
  • EP Library Luxembourg

    Rue du Fort Thüngen, Luxembourg, L-1313, LU
    Borrow
  • EP Library Brussels

    60 rue Wiertz, Brussels, B-1047, BE
    Borrow