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Revisiting the Effects of IMF Programs on Poverty and Inequality

Oberdabernig, Doris Anita (2013) Revisiting the Effects of IMF Programs on Poverty and Inequality. World Development, 46. pp. 113-142. ISSN 0305-750X

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Abstract

Investigating how lending programs of the International Monetary Fund (IMF) affect poverty and inequality, we explicitly address model uncertainty. We control for endogenous selection into IMF programs using data on 86 low- and middle income countries for the 1982-2009 period and analyze program effects on various poverty and inequality measures. The results rely on averaging over 90 specifications of treatment effect models and indicate adverse short-run effects of IMF agreements on poverty and inequality for the whole sample, while for a 2000-2009 subsample the results are reversed. There is evidence that significant short-run effects might disappear in the long-run. (author's abstract)

Item Type: Article
Additional Information: To see the final version of this paper please visit the publisher's website. Access to the published version may require a subscription. The original publication is available at www.elsevier.com.
Keywords: Poverty and income distribution / IMF lending programs / model uncertainty / treatment effects / cross-country analysis / developing countries
Classification Codes: JEL O11, O15, O19, C31
Divisions: Departments > Volkswirtschaft > Makroökonomie
Version of the Document: Accepted for Publication
Variance from Published Version: Typographical
Depositing User: ePub Administrator
Date Deposited: 02 Dec 2013 10:32
Last Modified: 02 Dec 2013 10:33
Related URLs:
FIDES Link: https://bach.wu.ac.at/d/research/results/62625/
URI: http://epub.wu.ac.at/id/eprint/4038

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