英文标题：
《IMF Lending and Economic Growth: An Empirical Analysis of Ukraine》
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作者：
Roman Kononenko
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最新提交年份：
2015
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英文摘要：
This study uses Vector Autoregression (VAR) Methodology as well as Vector Error Correction (VEC) Methodology to examine the existence and direction of causality between economic growth and IMF lending for Ukraine. The paper examines the IMF lending data for the period of 1991-2010. Robust empirical analysis indicates that IMF lending has a negative effect of on Ukraine\'s economic growth in the short term. Policy implications of this finding are that, despite short-run decline in economic growth, IMF lending can result in a long-run sustainable growth for Ukraine. For this, policymakers need to ensure that fund\'s money are used not only to cover budget\'s deficit, but also to finance institutional reforms.
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中文摘要：
本研究使用向量自回归（VAR）方法和向量误差修正（VEC）方法来检验经济增长和IMF对乌克兰贷款之间因果关系的存在和方向。本文考察了国际货币基金组织1991-2010年期间的贷款数据。稳健的实证分析表明，IMF贷款在短期内对乌克兰的经济增长有负面影响。这一发现的政策含义是，尽管经济增长在短期内有所下降，但国际货币基金组织的贷款可以为乌克兰带来长期的可持续增长。为此，决策者需要确保IMF的资金不仅用于弥补预算赤字，还用于资助机构改革。
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分类信息：

一级分类：Quantitative Finance 数量金融学
二级分类：Economics 经济学
分类描述：q-fin.EC is an alias for econ.GN. Economics, including micro and macro economics, international economics, theory of the firm, labor economics, and other economic topics outside finance
q-fin.ec是econ.gn的别名。经济学，包括微观和宏观经济学、国际经济学、企业理论、劳动经济学和其他金融以外的经济专题
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