IMF-Supported Programs and Income Convergence in Low-Income Countries

December 13, 2018

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Format: Chicago

Tejesh Pradhan, and Ali J Al-Sadiq. IMF-Supported Programs and Income Convergence in Low-Income Countries, (USA: International Monetary Fund, 2018) accessed December 21, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

Continuing the empirical debate on the effects of IMF-supported programs on participating countries’ macroeconomic performance, we focus on the issue of whether these programs accelerate conditional ß-convergence among low-income countries (LICs). We use an unbalanced panel dataset for 85 LICs over the period 1986-2015 and employ two different econometric methods to address the selection bias problem. Our empirical results suggest that the rate of conditional income per capita convergence is faster among LICs with extended IMF support than that in countries without support or with intermittent support.

Subject: Economic sectors, Financial crises

Publication Details

Pages:

37
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2018/284
Stock No:

WPIEA2018284
ISBN:

9781484386149
ISSN:

1018-5941

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