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Structural Adjustment Programs: Some New Findings

Hiranya Mukhopadhyay

Review of Development Economics, 1998, vol. 2, issue 2, 191-210

Abstract: Recent studies of structural adjustments highlight two results: intensive adjustment‐lending countries performed better than nonadjustment‐lending countries during the late 1980s, and middle‐income countries performed better than low‐income countries. However, the methodology has ignored the distribution of the growth rate in a country over the period 1985 to 1990. When this distribution of the growth rate is taken into account, low‐income adjustment‐lending countries performed better than middle‐income countries during the late 1980s, especially when the growth rate of high‐income economies is held constant.

Date: 1998
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