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South African Journal of Economic and Management Sciences

On-line version ISSN 2222-3436
Print version ISSN 1015-8812

S. Afr. j. econ. manag. sci. vol.11 n.2 Pretoria Jul. 2008

 

ARTICLES

 

Evaluating the macroeconomic impacts of IMF programmes in Latin America, 1975-2004: A GEE analysis

 

 

Ilhan Ozturk

Faculty of Business and Economics, Cag University, Turkey

 

 


ABSTRACT

Using panel data for 21 Latin American countries over the period 1975-2004, this paper analyses macroeconomic effects of IMF programmes by using GEE methodology. In line with the results of previous studies, it is shown that these programmes have positive effects on the balance of payments, current account and investment. However, they negatively affect budget deficit, per capita GDP, FDI, inflation and consumption.

JEL: E63, F32, 34, 41, O19

 

 

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