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Extra info for Adjustment Lending Revisited: Policies to Restore Growth

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Scitovsky and M. Scott. 1970. Industry and 7rade in Sone Developing Countries. London: Oxford UniversityPress. Lucas, Robert. 1988. " Journal ofMonetary Economics 22:3-12. , and J. van der Gaag. 1990. " Manuscript. World Bank. C. Michaely, M. 1987. " Manuscript. World Bank. C. Mussa, M. 1982. " In J. ), Imporit Competition and Response. : University of Chicago Press. , and J. Page. 1991. " In J. de Melo and A. ), Trade Theory and Economic Reform North, South, and East: Essays in Honor of Bela Balassa.

Table 3-6 reports the results of the control-group estimates. CGiventhe criteria for program evaluation and with current prices, the coefficients of the program effects are statistically significant for the rate of growth of GDP and the ratio of exports to GDP: they show an improvement in the program period (1985-88) relative to periods one and two. In contrast, the other two indicators do not show significant improvement with respect to either of the previous periods (table 3-6). With constant prices, only the change in the average rate of growth is positive and statistically signifi- aa=44Vi§].

Economic Policy and World of Change. Amsterdam: North-HollandPublishing Co. 1983. " IMF Staff Papers (March):164-73. Gelb, Alan. 1989. " Manuscript. World Bank. C. Giovanrini, A. 1985. " Journal of Developrent Economics (August). Helpman, E. 1989. " Proceedings of the World Bank Annual Conference on Economic Development. 193-216. , and P. R. Krugman. 1985. Market Structure and Foreign Trade. : MIT Press. -. : MllT Press. , and N. Liviatan. 1988. " The World Bank Economic Review 2:273-98. -. 1990.

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