| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w8951
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| 来源ID | Working Paper 8951
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| IMF Programs: Who is Chosen and What Are the Effects? |
| Robert J. Barro; Jong-Wha Lee
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| 发表日期 | 2002-05-23
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| 出版年 | 2002
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| 语种 | 英语
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| 摘要 | IMF lending practices respond to economic conditions but are also sensitive to political-economy variables. Specifically, the sizes and frequencies of loans are influenced by a country's presence at the Fund, as measured by the country's share of quotas and professional staff. IMF lending is also sensitive to a country's political and economic proximity to some major shareholding countries of the IMF -- the United States, France, Germany, and the United Kingdom. We measured political proximity by voting patterns in the United Nations and economic proximity by bilateral trading volumes. These results are of considerable interest for their own sake but also provide instrumental variables for estimating the effects of IMF lending on economic performance. Instrumental estimates indicate that the size of IMF lending is insignificantly related to economic growth in the contemporaneous five-year period but has a significantly negative effect in the subsequent five years. |
| 主题 | International Economics
; International Finance
; International Macroeconomics
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| URL | https://www.nber.org/papers/w8951
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/566559
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推荐引用方式
GB/T 7714 |
Robert J. Barro,Jong-Wha Lee. IMF Programs: Who is Chosen and What Are the Effects?. 2002.
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文件名：
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w8951.pdf
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格式：
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Adobe PDF
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