UID:
edocfu_9958072790902883
Umfang:
1 online resource (39 p.)
ISBN:
1-5135-3074-7
,
1-5135-6573-7
Serie:
IMF Working Papers
Inhalt:
It is common for IMF-supported adjustment programs with low-income member countries (LICs) to project that they will facilitate FDI inflows. The main objective of this paper is to empirically examine this hypothesis. Using an unbalanced panel dataset for 73 low-income countries over the period 1980–2012, and two different econometric methods that address the selection-bias problem, the empirical results robustly show that participating in IMF-supported program is associated with a significant increase in FDI inflows.
Anmerkung:
Description based upon print version of record.
,
Cover; Abstract; Contents; 1. Introduction; 2. Trends and Determinants of FDI Location; Figures; 1. Evaluation of Foreign Direct Investment Inflows to LICs; 3. The Role of IMF-Supported Programs; Boxes; 1. IMF Conditionality on Privatization and Liberalization; 4. Empirical Literature; 5. Empirical Framework; 5.1 The Model; 5.2 The Data; 6. Empirical Results; 6.1 The Results of the Treatment Effect Model; Tables; 1. IMF-Supported Programs and FDI inflows: Maximum Likelihood Estimations; 6.2 The Results of Propensity Score Matching; 6.3 Robustness Check
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2. IMF-Supported Programs : Non-Parametric Estimations3. Robsenbaum's Sensitivity Analysis; 7. Conclusions; References; Appendix Tables; 1. Summary Statistics; 2A. Correlation Matrix; 2B. Correlation Matrix; 3. The Determinants of Participations in IMF-Supported Programs; 4. The Determinants of Participations in IMF-Supported Programs: Alternative Estimations; 5. IMF-Supported Programs and FDI inflows: Maximum Likelihood Estimations; 6. IMF-Supported Programs and FDI inflows: Heckman's Two Step Estimations; 7. ECF-Supported Programs and FDI inflows: Maximum Likelihood Estimations
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8. IMF-Supported Programs and FDI inflows: Alternative Sampling9. IMF-Supported Programs and FDI inflows: Alternative Estimations; 10. The Impact of IMF-Supported Programs on FDI Inflows: Non-Parametric Estimations; 11. List of PRGT-Eligibility Countries
Weitere Ausg.:
ISBN 1-5135-0234-4
Weitere Ausg.:
ISBN 1-5135-2649-9
Sprache:
Englisch
