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Multi-Country Evidenceon the Effects of Macroeconomic, Financial and Trade Policieson Efficiency of Resource Utilization in the Developing Countries

Author

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  • Mr. Mathew O. Odedokun

Abstract

This study examines the effects of selected policies on economic efficiency in 81 developing countries by pooling cross-country data over various subperiods between 1961-90. An incremental output-capital ratio is the measure of economic efficiency, while the policy variables include: export orientation, size of the public sector, directed credit program through development bank lendings, financial depth, inflation rate, real interest rate, and real exchange rate distortion. The export-orientation, financial depth, and real interest rate are found to promote economic efficiency, while other policy variables are found to hinder it.

Suggested Citation

  • Mr. Mathew O. Odedokun, 1992. "Multi-Country Evidenceon the Effects of Macroeconomic, Financial and Trade Policieson Efficiency of Resource Utilization in the Developing Countries," IMF Working Papers 1992/053, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1992/053
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    Cited by:

    1. Odedokun, M. O., 1996. "International evidence on the effects of directed credit programmes on efficiency of resource allocation in developing countries: The case of development bank lendings," Journal of Development Economics, Elsevier, vol. 48(2), pages 449-460, March.
    2. Ngo Nu Dieu KHUE & Ya-Wen LAI, 2020. "Threshold Effects of Inflation on the Banking Sector Performance in the ASEAN-6 Countries," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 117-133, March.

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