Have World Bank-supported Adjustment Programs Improved Economic Performance in Sub-Saharan Africa? |
Common terms and phrases
adjustment lending aggregate demand analysis assumption Bank-assisted compared comparisons Corbo and Rojas domestic inflation EIAL and OAL EIAL countries EIAL LIC Elbadawi endogenizing export performance export to GDP external debt fiscal deficit GDP ratio GDP2 GNFS groups of countries Heckman and Hotz implementation Improved Economic Performance INFL2 initial conditions investment to GDP LIKELIHOOD PROBIT ESTIMATES low income countries macroeconomic marginal effect marginal program effect MAXIMUM LIKELIHOOD MAXIMUM LIKELIHOOD PROBIT modified-control-group OAL LIC October participation decision percentage points Performance in Sub-Saharan points of GDP Policy Research policy stance PROG PROGHAT program countries program participation ratio to GDP reaction function real exchange rate real GDP growth reform programs relative Research Working Paper resource balance SALS saving ratio saving to GDP sector selection bias selection bias problem Specification Test Statistically significant Sub-Saharan Africa Table terms of trade third period three groups WDR Office World Bank Z₁