Structural Reforms, IMF Programs and Capacity Building : : An Empirical Investigation / / Rabah Arezki, Marc Quintyn, Frederik Toscani

• Record Nr.: UNINA9910826180103321
• Autore: Arezki Rabah
• Pubbl/distr/stampa: Washington, D.C. : , : International Monetary Fund, , 2012
• ISBN: 1-4755-1155-8; 1-4755-1154-X
• Edizione: [1st ed.]
• Descrizione fisica: 1 online resource (30 p.)
• Collana: IMF Working Papers; IMF working paper ; ; WP/12/232
• Altri autori (Persone): QuintynMarc; ToscaniFrederik
• Disciplina: 332.1532
• Soggetti: Technical assistance; Economic assistance; Econometrics; Exports and Imports; Macroeconomics; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General; International Lending and Debt Problems; Efficiency; Optimal Taxation; Institutions and the Macroeconomy; Current Account Adjustment; Short-term Capital Movements; Estimation; International economics; Econometrics & economic statistics; Structural reforms; Estimation techniques; Capital account; Current account; Macrostructural analysis; Econometric analysis; Balance of payments; Econometric models; Congo, Democratic Republic of the
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: Cover; Contents; I. Introduction; II. Data; A. Structural reforms; B. IMF Capacity Building Activities and IMF Programs; C. Controls; D. Who receives IMF Capacity Building and Programs?; III. Empirical Strategy; A. Conceptual discussion; IMF training and reforms; IMF technical assistance and reforms; B. Model specification; Structural Reforms and Capacity Building; Program implementation and capacity building; C. Results; D. Robustness; IV. Endogeneity Issues; V. Conclusions; References; Appendixes; Appendix 1. Typology of IMF Programs; Appendix 2. Table A1. Exploratory Regressions: What country features are associatedFigures; Figure 1. Evolution of Training Activities by Region; Figure 2. Total Number of Trained Officials during 1981-2011; Figure 3. Evolution of Technical Assistance by Region; Figure 4. Total Number of Technical Assistance during 1990-2012; Figure 5. Evolution of IMF Programs by Region; Figure 6. Actual Technical Assistance vs. Predicted Allocation; Tables; Table 1. Exploratory regression relating IMF program to structural reforms; Table 2. Results for training and TA interacted with programs; Table 3. Results for Training and TA interacted with programsTable 4. Capacity building and program failure; Table 5. Impact of training on structural reforms controlling for country motivation; Table 6. Impact of technical assistance on structural reforms using instrument based on; Table 7. Capacity building and program success using an instrument based on donor
• Sommario/riassunto: 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.