The Effects of Fund-Supported Adjustment Programs in African Countries, 1973-86
25 Pages Posted: 15 Feb 2006
Date Written: April 26, 1989
Abstract
This study applies statistical analysis to estimate the macroeconomic effects of Fund-supported adjustment programs on African countries during the period 1973-86. The results indicate that inflation fell significantly in countries with adjustment programs that were implemented satisfactorily. The effect of adjustment programs on most other aspects of economic performance was statistically insignificant, although there was some indication that programs led to an improved current account balance and, in cases of high implementation, a rise in economic growth.
JEL Classification: 1331, 2120
Suggested Citation: Suggested Citation
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