ON THE CAUSALITY BETWEEN IMF CREDITS AND MACROECONOMIC INDICATORS: EVIDENCE FROM DEVELOPING COUNTRIES, 1975-2004

被引：0

作者：

Ozturk, Ilhan ^{[1
]}

机构：

[1] Cag Univ, Fac Business & Econ, Mersin, Turkey

来源：

ECONOMIC RESEARCH-EKONOMSKA ISTRAZIVANJA | 2009年 / 22卷 / 01期

关键词：

IMF; Developing countries; Panel Unit Roots; Granger Causality; UNIT-ROOT TESTS; WORLD-BANK; PROGRAMS; ADJUSTMENT; PERFORMANCE; POLICIES;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Using panel data for 88 developing countries over the period 1975-2004, this paper analyzes the way of causality between selected ten macroeconomic variables and IMF credits. The causality has been found between IMF credits and macroeconomic indicators in eight out of ten cases in the study. Consequently, overall, it can be said that IMF credits (or IMF stabilization programs) are worsening the macroeconomic performance of developing countries rather than improving their economic problems.

引用

页码：1 / 8

页数：8

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