01810cas a2200253 a 4500 AALejournalIMF000448 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451940954 1018-5941 BD-DhAAL BD-DhAAL Aziz, Jahangir. Policy Complementarities and the Washington Consensus / Jahangir Aziz, Robert Westcott. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (20 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students While economists continue to debate whether particular economic policies, such as those referred to in Willliamson's (1993) 'Washington Consensus,' can spur growth in developing countries, this paper demonstrates that it is combinations of policies that are more critical for growth. Policy complementarity refers to the mutually reinforcing benefits of policies that create an environment that is conducive to investment and growth. Quantitative measures of policy complementarity are developed, and the study shows empirically, through both an outcomes-based probability framework and a standard regression analysis, that these complementarities are significant and robust in explaining growth outcomes over the period 1985-95. Mode of access: Internet Westcott, Robert. IMF Working Papers; Working Paper ; No. 1997/118 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/118/001.1997.issue-118-en.xml IMF e-Library