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The effects of IMF programs on poverty, income inequality and social expenditure in low income countries: an empirical analysis

Bird, Graham ; Qayum, Faryal ; Rowlands, Dane

Journal of economic policy reform, 2021-04, Vol.24 (2), p.170-188 [Periódico revisado por pares]

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Título:
The effects of IMF programs on poverty, income inequality and social expenditure in low income countries: an empirical analysis
Autor: Bird, Graham ; Qayum, Faryal ; Rowlands, Dane
Assuntos: Dependency ; developing countries ; Economic problems ; Expenditures ; Government spending ; Health care expenditures ; Health education ; Income inequality ; International Monetary Fund ; Poverty ; propensity score matching ; social expenditure
É parte de: Journal of economic policy reform, 2021-04, Vol.24 (2), p.170-188
Descrição: This paper examines the effect of IMF programs on poverty, income inequality and government expenditure on education and health. It distinguishes between non-concessional and concessional programs and examines the effect of contingent factors; program completion, IMF resources, the size of the initial economic problems and aid dependency. Our findings suggest that, in general, IMF programs have not significantly increased poverty and income inequality; in some instances they are associated with reduced poverty and income inequality. Moreover, we find little evidence that IMF programs lead to severe cuts in social expenditure.
Editor: Abingdon: Routledge
Idioma: Inglês

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