Please use this identifier to cite or link to this item:
Title: Impact of IMF assistance on economic growth revisited
Authors: Fidrmuc, J
Kostagianni, S
Keywords: IMF;Economic growth;Endogeneity;Instrumental variables
Issue Date: 2015
Publisher: Centre of Sociological Research
Citation: Economics and Sociology, 8 (3): pp. 32 - 40, (2015)
Abstract: All rights reserved. We investigate the effect of IMF assistance on economic growth in a broad panel of countries. We argue that countries are likely self-select into seeking IMF involvement based on their economic performance. We control for such endogeneity by means of instrumental variables. Our findings indicate that the contemporaneous effect of the IMF involvement is insignificant while the lagged effect is positive. The 2SLS effect is larger than the OLS one, indicating that the latter is downward biased.
ISSN: 2071-789X
Appears in Collections:Dept of Economics and Finance Research Papers

Files in This Item:
File Description SizeFormat 
FullText.pdf154.67 kBAdobe PDFView/Open

Items in BURA are protected by copyright, with all rights reserved, unless otherwise indicated.