TABLE 4 - uploaded by Paul Mosley
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Some recent empirical research suggests that the implementation of policy reforms is largely dependent on domestic political economy factors. This finding is taken to suggest that aid and adjustment lending should only be provided to those countries that, on the basis of certain characteristics, are more likely to implement policy reform. We put th...

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... results of the logit regression, reported in Table 4, confirm the findings from the probit regression. 19 The estimated coefficients are statistically different from zero at levels of confidence that are similar to those of the probit regression and the forecasting power of the regression has an accuracy rate of 92.3 percent, classifying 24 out of 26 cases correctly (second row in Table 3). ...

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