N. Kakwani is Professor of Econometrics at the University of New South Wales, Sydney 2052, Australia. His research interests include econometrics theory, welfare economics, inequality and poverty, public finance and development economics. His extensive publishing record includes some seventy articles, mostly in international journals, and two books, published by Oxford University Press and Cambridge University Press. In 1979 Professor Kakwani was elected Fellow of the Academy of Social Sciences in Australia, and in 1985 he was awarded the prestigious Mahalanobis Memorial Gold Metal for outstanding research in quantitative economics.
Structural Adjustment and Performance in Living Standards in Developing Countries
Article first published online: 22 OCT 2008
© 1995 Institute of Social Studies
Development and Change
Volume 26, Issue 3, pages 469–502, July 1995
How to Cite
Kakwani, N. (1995), Structural Adjustment and Performance in Living Standards in Developing Countries. Development and Change, 26: 469–502. doi: 10.1111/j.1467-7660.1995.tb00562.x
- Issue published online: 22 OCT 2008
- Article first published online: 22 OCT 2008
Over the years, the World Bank's structural adjustment programmes have been criticized on the grounds that they have adverse effects on the living standards of the people in developing countries. The main objective of this article is to test the hypothesis that the adjustment lending countries have had a superior (or inferior) performance to the non-adjustment lending countries during the 1980s. A new dummy variable regression model is used to test this hypothesis. The model controls for initial conditions, external shocks and other exogenous variables which affect different countries differently. The standard of living is measured by several socioeconomic variables including per capita income, lifeexpectancy at birth, infant mortality rate, and literacy rate.