Institutional Quality, Macroeconomic Stabilization and Economic Growth: A Case Study of IMF Programme Countries

Omer Javed

Chapter Chapter 3 in The Economic Impact of International Monetary Fund Programmes, 2016, pp 37-72 from Springer

Abstract: Abstract In this chapter the impact of the significant institutional determinants (obtained from Chap. 2 ) is then estimated on real economic growth, both directly, and also indirectly, through the channel of macroeconomic stability. Results mainly validate that institutional determinants overall play a positive role in reducing macroeconomic instability, and through it, and also independently, enhance real economic growth.

Keywords: Institutional Quality; Recipient Country; Macroeconomic Stability; World Economic Outlook; Institutional Determinant (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-319-29178-9_3

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DOI: 10.1007/978-3-319-29178-9_3

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