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

Ilhan Ozturk

Sažetak

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.

Ključne riječi

IMF; Developing countries; Panel Unit Roots; Granger Causality

Hrčak ID:

38194

URI

https://hrcak.srce.hr/38194

Datum izdavanja:

15.3.2009.

Podaci na drugim jezicima: hrvatski

Posjeta: 2.810 *