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IMF Programmes and Institutional Quality Determinants: Economic Scenarios in Pakistan

In: The Economic Impact of International Monetary Fund Programmes

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  • Omer Javed

Abstract

Pakistan has been selected in this chapter as a representative example of a frequent user of IMF resources. Here, by applying the Vector Autoregression (VAR) model techniques, various counterfactual scenarios are estimated for a period of 1980–2014, to see impact of a significant institutional determinant (from Chap. 2 ), KOF index of globalization on macroeconomic instability and real economic growth. Results highlight that through enhanced focus on institutional quality determinants, macroeconomic instability can be reduced, and hence higher growth rate of GDP can be achieved.

Suggested Citation

  • Omer Javed, 2016. "IMF Programmes and Institutional Quality Determinants: Economic Scenarios in Pakistan," Contributions to Economics, in: The Economic Impact of International Monetary Fund Programmes, edition 1, chapter 0, pages 73-120, Springer.
    • Handle: RePEc:spr:conchp:978-3-319-29178-9_4
    DOI: 10.1007/978-3-319-29178-9_4
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    Cited by:

    1. Meyer, Daniel Francois & Habanabakize, Thomas, 2018. "An analysis of the relationship between foreign direct investment (FDI), political risk and economic growth in South Africa," Business and Economic Horizons (BEH), Prague Development Center, vol. 14(4), pages 777-788, August.

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