Journal ArticleDOI
The effect of IMF programs on economic growth
TLDR
In this paper, a bivariate, dynamic version of the Heckman selection model is used to estimate the effect of participation in International Monetary Fund (IMF) programs on economic growth, and they find evidence that governments enter into agreements with the IMF under the pressures of a foreign reserves crisis but they also bring in the Fund to shield themselves from the political costs of adjustment policies.About:
This article is published in Journal of Development Economics.The article was published on 2000-08-01. It has received 548 citations till now. The article focuses on the topics: Heckman correction & Foreign-exchange reserves.read more
Citations
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Why the Move to Free Trade? Democracy and Trade Policy in the Developing Countries
Helen V. Milner,Keiko Kubota +1 more
TL;DR: The authors argue that these two trends are related: democratization of the political system reduces the ability of governments to use trade barriers as a strategy for building political support, and that the liberalization of trade policy in many developing countries has helped foster the growth of these flows.
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The IMF and Economic Development
TL;DR: In this article, the authors argue that governments enter IMF programs for economic and political reasons, and find that the effects are negative on economic growth and income distribution, and that the negative effects of IMF programs are mitigated for certain constituencies since programs also have distributional consequences.
Journal ArticleDOI
IMF Programs: who is chosen and what are the effects?
Robert J. Barro,Jong-Wha Lee +1 more
TL;DR: In this paper, the authors provide instrumental variables for estimating the effects of IMF loan programs on economic growth and other variables, which allows them to sort out the economic effects of the loan programs from the responses of IMF lending to economic conditions.
Journal ArticleDOI
The Worldwide Diffusion of Market-Oriented Infrastructure Reform, 1977-1999
TL;DR: In this article, the authors argue that international pressures of coercion, normative emulation, and competitive mimicry strongly influence the domestic adoption of market-oriented reform in the telecommunications and electricity industries.
Journal ArticleDOI
How Much War Will we see?: Explaining the Prevalence of Civil War
TL;DR: In this article, two economic theories of war onset and duration are combined to estimate the prevalence of civil war across more than 150 countries and over 40 years, and the analysis is consistent with the findings of earlier studies on war start and duration.
References
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Journal ArticleDOI
Social Capital in the Creation of Human Capital
TL;DR: In this paper, the concept of social capital is introduced and illustrated, its forms are described, the social structural conditions under which it arises are examined, and it is used in an analys...
Journal ArticleDOI
Sample Selection Bias as a Specification Error
TL;DR: In this article, the bias that results from using non-randomly selected samples to estimate behavioral relationships as an ordinary specification error or "omitted variables" bias is discussed, and the asymptotic distribution of the estimator is derived.
Book
Foundations of Social Theory
TL;DR: In this article, a new approach to describing both stability and change in social systems by linking the behavior of individuals to organizational behavior is proposed. But the approach is not suitable for large-scale systems.
BookDOI
Making Democracy Work: Civic Traditions in Modern Italy
TL;DR: Putnam et al. as discussed by the authors analyzed the efficacy of these governments in such fields as agriculture, housing, and health services, revealing patterns of associationism, trust, and cooperation that facilitate good governance and economic prosperity.
Book
The Strategy of Conflict
TL;DR: In this paper, the authors propose a theory of interdependent decision based on the Retarded Science of International Strategy (RSIS) for non-cooperative games and a solution concept for "noncooperative" games.