Structural Reforms, IMF Programs and Capacity Building

Structural Reforms, IMF Programs and Capacity Building

An Empirical Investigation

eBook - 2012
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This paper investigates the role that International Monetary Fund (IMF) programs and capacity building play in fostering structural reforms. To do so, we exploit two novel datasets on IMF capacity building and structural reforms available for over one hundred IMF member countries over the period 1980 - 2010. The main results are threefold. First, there is a general association between IMF programs and structural reforms but this relationship is not very robust. Second, IMF training leads to an increase in structural reforms but only through IMF programs and only when a significant share of public servants is trained. Third, IMF technical assistance does not significantly lead to more structural reforms but raises the likelihood of completion of ongoing IMF programs. Our results are robust to a large number of checks, estimators and correcting for endogeneity.
Publisher: [Washington, D.C.] : International Monetary Fund, Ă2012
ISBN: 9781475511567
1475511566
9781475511543
147551154X
9781475510706
1475510705
Characteristics: 1 online resource (29 pages)
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