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This bookinvestigates the impact of International Monetary Fund (IMF) programmes onmacroeconomic instability and economic growth in recipient countries. Employingthe New Institutional Economics approach as an analytical framework, it identifiesthe determinants of economic and political institutional quality by taking intoaccount a broad variety of indicators such as parliamentary forms ofgovernment, the aggregate governance level, civil and economic liberties,property rights etc. The book subsequently estimates the impact of theseinstitutional determinants on real economic growth, both…mehr

Produktbeschreibung
This bookinvestigates the impact of International Monetary Fund (IMF) programmes onmacroeconomic instability and economic growth in recipient countries. Employingthe New Institutional Economics approach as an analytical framework, it identifiesthe determinants of economic and political institutional quality by taking intoaccount a broad variety of indicators such as parliamentary forms ofgovernment, the aggregate governance level, civil and economic liberties,property rights etc. The book subsequently estimates the impact of theseinstitutional determinants on real economic growth, both directly and alsoindirectly, through the channel of macroeconomic instability, in recipientcountries. Moreover, it illustrates the effectiveness of IMF programmes in thecase of Pakistan, a frequent user of IMF resources.
Autorenporträt
Omer Javed holds a PhDin Economics degree from the University of Barcelona (Spain). He previouslycompleted his masters in economics from the University of York (UnitedKingdom), and earlier from Government College University Lahore (Pakistan). Inhis doctoral thesis, he focused on the frameworks and determinants ofinstitutions, and their impact on macroeconomic stability, and economic growthin International Monetary Fund (IMF) member countries. In 2015, a researchpaper, related but not a part of his doctoral thesis, 'Institutionaldeterminants: a case study of IMF programme and non-programme countries' waspublished as a chapter in the book, 'The Political Economy of Governance: Institutions,Political Performance and Elections' (Springer 2015). His work experience spansboth the public and private sectors. Moreover, his work as an economist at theResident Representative Office of IMF in Pakistan served as a strong motivationin his choice of specialization in the doctoral thesis.