Do IMF Programs Improve Economic Governance? /

Do IMF Programs Improve Economic Governance? /

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Bibliographic Details
Author / Creator:Honda, Jiro, author.
Imprint:Washington, D.C. : International Monetary Fund, 2008.
©2008
Description:1 online resource (32 pages)
Language:English
Series:IMF working paper ; WP/08/114
IMF working paper ; WP/08/114.
Subject:
International Monetary Fund -- Developing countries -- Econometric models.
International Monetary Fund.
Economic assistance -- Developing countries -- Econometric models.
Economic development -- Developing countries -- Econometric models.
Econometric models.
Economic assistance -- Econometric models.
Economic development -- Econometric models.
Developing countries.
Electronic books.
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12501077
Hidden Bibliographic Details
Other uniform titles:IMF eLibrary.
Other authors / contributors:International Monetary Fund.
ISBN:1451914288
9781451914283
9781451914283
Notes:Available in PDF, ePUB, and Mobi formats on the Internet.
Includes bibliographical references.
Summary: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.

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