The Economic Impact of International Monetary Fund Programmes
Institutional Quality, Macroeconomic Stabilization and Economic Growth
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Beschreibung
This book investigates the impact of International Monetary Fund (IMF) programmes on macroeconomic instability and economic growth in recipient countries. Employing the New Institutional Economics approach as an analytical framework, it identifies the determinants of economic and political institutional quality by taking into account a broad variety of indicators such as parliamentary forms of government, the aggregate governance level, civil and economic liberties, property rights etc. The book subsequently estimates the impact of these institutional determinants on real economic growth, both directly and also indirectly, through the channel of macroeconomic instability, in recipient countries. Moreover, it illustrates the effectiveness of IMF programmes in the case of Pakistan, a frequent user of IMF resources.
This book investigates the impact of International Monetary Fund (IMF) programmes on macroeconomic instability and economic growth in recipient countries. Employing the New Institutional Economics approach as an analytical framework, it identifies the determinants of economic and political institutional quality by taking into account a broad variety of indicators such as parliamentary forms of government, the aggregate governance level, civil and economic liberties, property rights etc. The book subsequently estimates the impact of these institutional determinants on real economic growth, both directly and also indirectly, through the channel of macroeconomic instability, in recipient countries. Moreover, it illustrates the effectiveness of IMF programmes in the case of Pakistan, a frequent user of IMF resources.
Demonstrates how New Institutional Economics can be applied to improve IMF programmes Identifies the determinants of economic and political institutional quality Provides a case study of IMF programmes and institutional quality determinants in Pakistan
Autor*in
Omer Javed
Themen in »The Economic Impact of International Monetary Fund Programmes«
New Institutional Economics Macroeconomic Stabilization International Monetary Fund Institutional Quality Pakistan IMF Programme Countries Heterodox Economics