The macroeconomic effects of IMF programs in MENA countries
Yükleniyor...
Dosyalar
Tarih
2011
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
ACADEMIC JOURNALS
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
Using panel data for six Middle East and North African (MENA) countries over the period of 1975 to 2004, this paper analyzes macroeconomic effects of IMF programs. Consistent with the results of previous studies, it is shown that IMF programs have positive effect on balance of payments. However, these programs have negative impacts on investment, inflation and consumption. It is also found that these programs have no effect on the per capita GDP, current account, budget deficits and foreign direct investments in the selected MENA countries. The results suggest that, on average, when a country starts with a balance of payments crisis and IMF involvement enables it to overcome it, this is making macroeconomic situation worse.
Açıklama
WOS: 000294951200039
Anahtar Kelimeler
IMF, MENA, Stabilization Programs
Kaynak
Afrıcan Journal of Busıness Management
WoS Q Değeri
N/A
Scopus Q Değeri
Cilt
5
Sayı
11
