The Contribution of the IMF and the World Bank to Economic Freedom

Bernhard Boockmann () and Axel Dreher ()

International Finance from EconWPA

Abstract: We analyse the effect of IMF and World Bank policies on the composite index of economic freedom by Gwartney et al. (2000) as well as its sub- indexes, using a panel of 85 countries observed between 1970 and 1997. With respect to the Bank, we find that the number of projects has a positive impact on overall economic freedom, while the effect of the amount of World Bank credits is negative. These effects are stronger during the 1990s than in earlier periods. There is no clear relationship between credits and programs of the IMF and economic freedom.

Keywords: Economic freedom; IMF; World Bank; structural adjustment policies (search for similar items in EconPapers)
JEL-codes: F33 F34 O57 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dev, nep-fin and nep-lam
Date: 2002-07-24
Note: Type of Document - ; prepared on PC; pages: 35; figures: included
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Related works:
Working Paper: The Contribution of the IMF and the World Bank to Economic Freedom (2002)
Journal Article: The contribution of the IMF and the World Bank to economic freedom (2003)
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpif:0207001

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