The Macroeconomic Effects of ESAF-Supported Programs : Revisiting Some Methodological Issues /

This paper examines whether ESAF-supported programs during 1986-91 had significant independent effects on growth, inflation and the external debt service ratio. Econometric estimates of the Generalized Evaluation Estimator (GEE) identify statistically significant beneficial effects on output growth...

Full description

Bibliographic Details
Main Author: Schadler, Susan
Other Authors: Dicks-Mireaux, Louis, Mecagni, Mauro
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1995.
Series:IMF Working Papers; Working Paper ; No. 1995/092
Online Access:Full text available on IMF
LEADER 01723cas a2200265 a 4500
001 AALejournalIMF008809
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451951486 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Schadler, Susan. 
245 1 4 |a The Macroeconomic Effects of ESAF-Supported Programs :   |b Revisiting Some Methodological Issues /  |c Susan Schadler, Louis Dicks-Mireaux, Mauro Mecagni. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1995. 
300 |a 1 online resource (42 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper examines whether ESAF-supported programs during 1986-91 had significant independent effects on growth, inflation and the external debt service ratio. Econometric estimates of the Generalized Evaluation Estimator (GEE) identify statistically significant beneficial effects on output growth and the debt service ratio but no effects on inflation. The robustness of these estimates is also examined. Diagnostic tests cast doubt on the applicability of the GEE framework to the ESAF-eligible countries, and the results obtained using it. 
538 |a Mode of access: Internet 
700 1 |a Dicks-Mireaux, Louis. 
700 1 |a Mecagni, Mauro. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1995/092 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1995/092/001.1995.issue-092-en.xml  |z IMF e-Library