Multi-Country Evidenceon the Effects of Macroeconomic, Financial and Trade Policieson Efficiency of Resource Utilization in the Developing Countries
Summary:
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.
Series:
Working Paper No. 1992/053
Subject:
Commercial banks Economic sectors Exchange rates Exports Financial services Foreign exchange International trade Multilateral development institutions Public sector Real exchange rates Real interest rates
Notes:
Examines the effects of selected policies on economic efficiency in 81 developing countries by pooling cross-country data over various subperiods between 1961-90.
English
Publication Date:
July 1, 1992
ISBN/ISSN:
9781451847307/1018-5941
Stock No:
WPIEA0531992
Pages:
36
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