Title: Fund-supported adjustment programs and economic growth /
Authors: Khan, Mohsin S.; Knight, Malcolm D. 1944-
Publisher: International Monetary Fund,
Year: 1985
Subjects: International Monetary Fund Developing countries.; Economic development projects Developing countries.; Developing countries Economic policy.
Abstract: Indeed, it has been frequently argued that rather than fostering the growth of output, Fund programs then to cause a slowdown in economic activity, increased unemployment, and a general worsening of living standards. This paper addresses some aspects of this criticism and brings to bear the empirical evidence available in the literature on the subject, emphasizing the results for developing countries.