On the Conditional Effects of IMF Loan Program Participation on Output Growth

Research Area: Macroeconomics
Researcher: Michael Binder,
Marcel Bluhm
Date: 1.1.2014

The empirical evidence currently available in the literature regarding the effects of a country's IMF program participation on its output growth is rather inconclusive. The authors propose and estimate a panel data sample selection model featuring state dependence.

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