On the causality between imf credits and macroeconomic indicators: Evidence from developing countries, 1975-2004
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Dosyalar
Tarih
2009
Yazarlar
Dergi Başlığı
Dergi ISSN
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Yayıncı
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
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.
Açıklama
Anahtar Kelimeler
Developing Countries, Granger Causality, IMF, Panel Unit Roots
Kaynak
Ekonomska Istrazivanja
WoS Q Değeri
Scopus Q Değeri
Q1
Cilt
22
Sayı
1
