without state-dependent effects. We find that the effects of IMF program participation on output growth vary systematically …The empirical evidence currently available in the literature regarding the effects of a country's IMF program … participation on its output growth is rather inconclusive. In this paper we propose and estimate a panel data sample selection model …

without state-dependent effects. We find that the effects of IMF program participation on output growth vary systematically …The empirical evidence currently available in the literature regarding the effects of a country's IMF program … participation on its output growth is rather inconclusive. In this paper we propose and estimate a panel data sample selection model …

The empirical evidence currently available in the literature regarding the effects of a country's IMF program … quality of governance, internal stability, health, and educational attainment. We find that the effects of IMF program … participation on its output growth is rather mixed. To shed new evidence on this issue, in this paper we specify a state …

The empirical evidence currently available in the literature regarding the effects of a country's IMF program … quality of governance, internal stability, health, and educational attainment. We find that the effects of IMF program … participation on its output growth is rather mixed. To shed new evidence on this issue, in this paper we specify a state …