76
Views
1
CrossRef citations to date
0
Altmetric
Miscellany

The macroeconomic effects of adjustment lending: A review and evaluation

Pages 1-40 | Received 01 Sep 2004, Accepted 01 Nov 2004, Published online: 01 Feb 2007

References

References

  • Adam CS Bevan DL (2002) Fiscal deficits and growth in developing countries mimeo Department of Economics, University of Oxford http://www.economics.ox.ac.uk/Research/wp/pdf/paper120.pdf
  • Alesina , A and Dollar , D . (2000) . Who gives aid to whom and why? . Journal of Economic Growth , 5 : pp. 33–64
  • Barro R Lee J‐W (2001) IMF Programs: who is chosen and what are the effects? Available at http://www.imf.org/external/pubs/ft/staffp/2001/00‐00/pdf/rbjl.pdf
  • Bird , G . (2001) . IMF programs: do they work? Can they be made to work better? . World Development , 29 (11) : pp. 1849–1865
  • Bird , G and Rowlands , D . (1997) . The catalytic effect of lending by the International Financial Institutions . World Economy , 20 (7) : pp 81–97
  • Bird , G and Rowlands , D . (2001) . Catalysis or direct borrowing: the role of the IMF in mobilising private capital . The World Economy , 24 (1) : pp. 81–98
  • Bird , G and Rowlands , D . (2002) . Do IMF programs have a catalytic effect on other international capital flows? . Oxford Development Studies , 30 (3) : pp. 229–249
  • Boone , P . (1996) . Politics and the effectiveness of foreign aid . European Economic Review , 40 : pp. 289–329
  • Branson W Hanna N (2002) Ownership and conditionality OED Working Paper Series, No. 8 World Bank Operations Evaluation Department
  • Bulíř A Lane T (2002) Aid and fiscal management IMF Working Paper WP/02/112 Washington DC International Monetary Fund
  • Burnside , C and Dollar , D . (2000) . Aid, policies, and growth . American Economic Review , 90 (4) : pp. 847–868
  • Chang C Fernandez‐Arias E Serven L (1998) Measuring aid flows: a new approach working paper Development Research Group, World Bank
  • Collier , P and Dollar , D . (2002) . Aid allocation and poverty reduction . European Economic Review , 45 (1) : pp. 1–26
  • Dalgaard , C‐J and Hansen , H . (2001) . On aid, growth and good policies . Journal of Development Studies , 37 (6) : pp 17–41
  • Dhonte P (1997) Conditionality as an instrument of borrower credibility IMF Paper on Policy Analysis and Assessment, No. 2
  • Dollar , D and Kraay , A . (2002) . Growth is good for the poor . Journal of Economic Growth , 7 : pp. 195–225
  • Dollar , D and Svensson , J . (2000) . What explains the success or failure of structural adjustment program? . Economic Journal , 110 : pp. 894–917
  • Easterly W (2002) What did structural adjustment adjust? The association of policies and growth with repeated IMF and World Bank adjustment loans, working paper no. 1 Center for Global Development Available at http://www.cgdev.org/docs/cgd_wp011.pdf
  • Easterly , W and Rebelo , ST . (1993) . Fiscal policy and economic growth: an empirical investigation . Journal of Monetary Economics , 32 (3) : pp. 417–458
  • Easterly W et al. (2003) New data, new doubts: revisiting ‘aid, policies, and growth Working paper no. 26, Center for Global Development
  • Epaulard A (2003) Macroeconomic performance and poverty reduction IMF working paper WP/03/72 Washington DC International Monetary Fund
  • Franco‐Rodrigues S et al. (1998) Aid and the public sector in Pakistan: evidence with endogenous aid World Development 26 (7) pp. 1241–1250
  • Franco‐Rodriguez , S . (2000) . Recent developments in fiscal response with an application to Costa Rica . Journal of International Development , 12 : pp. 429–441
  • Garuda , G . (2000) . The distributional effects of IMF Programs: a cross‐country analysis . World Development , 28 (6) : pp. 1031–1051
  • Hansen , H and Tarp , F . (2000) . Aid effectiveness disputed . Journal of International Development , 12 (3) : pp. 375–398
  • Hansen , H and Tarp , F . (2001) . Aid and growth regressions . Journal of Development Economics , 64 (2) : pp. 547–570
  • Heller , PA . (1975) . Model of public fiscal behavior in developing countries: aid, investment, and taxation . American Economic Review , 65 : pp. 429–445
  • Ivanova A et al. (2003) What determines the implementation of IMF‐supported programs? IMF Working Paper WP/03/8 Washington DC International Monetary Fund
  • Khilji , NM and Zampelli , E . (1991) . The fungibility of US assistance to developing countries and the impact on recipient expenditures: a case study of Pakistan . World Development , 19 (8) : pp.1095–1105
  • Lensink , R and Morrissey , O . (2000) . Aid instability as a measure of uncertainty and the positive impact of aid on growth . Journal of Development Studies , 36 : pp. 31–49
  • McGillivray M (2002) Aid, economic reform and public sector fiscal behaviour in developing countries CREDIT research paper no. 02/11 Centre for Research in Economic Development and International Trade, University of Nottingham
  • McGillivray , M and Morrissey , O . (2000) . Aid fungibility in assessing aid: red herring or true concern? . Journal of International Development , 12 : pp. 413–428
  • McGillivray M Morrissey O (2001) A review of evidence of fiscal effects of aid CREDIT research paper no. 01/13 Centre for Research in Economic Development and International Trade, University of Nottingham
  • Mody A Saravia D (2003) Catalyzing capital flows: IMF‐supported programs work as commitment devices? IMF working paper WP/03/100 Washington DC IMF
  • Mosley P et al. (1987) Aid, the public sector and the market in less developed countries Economic Journal 100 (399) pp. 616–641
  • Pack , H and Pack , JR . (1990) . Is foreign aid fungible? The case of Indonesia, . Economic Journal , 100 : pp. 189–194
  • Pack , H and Pack , JR . (1993) . Foreign aid and the question of fungibility . Review of Economics and Statistics , 75 (2) : pp. 258–265
  • Svensson , J . (2003) . Why conditional aid does not work and what can be done about it? . Journal of Development Economics , 70 (2) : pp. 381–402
  • Ul Haque N Khan MS (1998) Do IMF‐supported programs work? A survey of the cross‐country empirical evidence IMF working paper, WP/98/69
  • World Bank Assessing Aid. What Works, What Doesn’t and Why? New York Oxford University Press

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.