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The Impact of IMF-Supported Programs on FDI in Low-income Countries

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–...

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Bibliographic Details
Main Author: Al-Sadiq, Ali
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2015
Series:IMF Working Papers
Subjects:
Comparison Of Public And Private Enterprises And Nonprofit Institutions
Single Equation Models
Investments, Foreign
Treatment Effect Models
International Monetary Arrangements And Institutions
Privatization
Finance
Semiparametric And Nonparametric Methods
Balance Of Payments
Long-term Capital Movements
Exports And Imports
Economic Sectors
Estimation
Contracting Out
Macroeconomics
Foreign Direct Investment
Spatial Models
International Investment
Single Variables: Cross-sectional Models
United States
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:38 pages
ISBN:9781513502342

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