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The IMF and Economic Development

Author: James Raymond Vreeland
Publisher: Cambridge : Cambridge University Press, 2003.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
This book argues that governments enter IMF programs for economic and political reasons.
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: James Raymond Vreeland
ISBN: 9780511615726 0511615728 9780521816755 0521816750 9781107316133 1107316138
OCLC Number: 776950990
Notes: Title from publishers bibliographic system (viewed 22 Dec 2011).
Description: 1 online resource (216 pages)
Contents: Cover --
Title --
Copyright --
Contents --
List of Tables and Figures --
Acknowledgments --
1 Introduction --
A New Approach and New Findings --
Where Do IMF Programs Come From? --
Why Do Governments and the IMF Enter into Agreements? --
The Data --
Plan of the Book --
2 Analytically Significant Cases --
Tanzania --
Nigeria --
Summary --
Uruguay --
Conclusion --
3 An Analytical Approach to the Politics of IMF Agreements --
Preferences over Loans and Conditions --
The Logic of Using IMF Conditionality --
Extensions --
Why Do Agreements Continue? --
Conclusion. Appendix: The Decision of the Executive under Uncertainty --
4 Testing the Selection Story --
A Statistical Model of Bilateral Cooperation --
Filling in the Story --
The Results --
Loans Versus Conditions --
The "Stripped" or "Large Sample" Model --
Conclusion --
Appendix: Dynamic Bivariate Probit with Partial Observability --
5 The Effect of IMF Programs on Economic Growth --
Previous Methods --
Estimating the Counterfactual --
The Intuition Behind the Model --
Correcting for Selection Effects --
The Effect of IMF Programs on Growth. Other Samples and Specifications --
The 1990s --
Appendix: Correcting for Selection Bias --
6 Distributional Consequences of IMF Programs --
Background on the IMF and Distribution --
Empirical Approaches --
The Effect of IMF Programs on Labor Share --
Are the Owners of Capital Better Off? --
Conclusion --
7 Conclusions --
Selection Findings --
Why Governments and the IMF Enter into Agreements --
Performance Findings --
The Effect of IMF Programs on Growth and Distribution --
New Questions --
Policy Implications --
Appendix 1 Variables Used in This Study. Appendix 2 Country-Years in Samples --
Countries grouped by region: Africa, North America,South America, Asia, Europe, and Oceania and Pacific Islands. 4,126 Observation sample: 135 Countries 1951-90 --
1,024 Observation-sample: 79 Countries 1971-90 --
2,095 Observations of Labor Share of Income from Manufacturing for 110 Countries --
References --
Index.
Responsibility: James Raymond Vreeland.

Abstract:

This book argues that governments enter IMF programs for economic and political reasons, and finds that the effects are negative. For certain constituencies, IMF policies dampen the effects of bad  Read more...

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'A must-read for anyone who wants a better understanding of global politics and the impact of the IMF in particular.' New Statesman 'Vreeland's book is worth a look as it pieces together some Read more...

 
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