01732cas a2200241 a 4500 AALejournalIMF001714 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451857405 1018-5941 BD-DhAAL BD-DhAAL Kireyev, Alexei. Econometric Analysis of Discrete Reforms / Alexei Kireyev. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (38 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 The paper suggests an econometric methodology for testing the effectiveness of reforms implemented in one major step, id est, discrete reforms. The methodology is based on the exogeneity properties of variables in an econometric model. The paper specifies the preconditions for setting up an appropriate model; suggests an economic interpretation of the tests for weak, strong, and superexogeneity; and illustrates this methodology by applying it to two cases of instantaneous reforms. The exogeneity properties of variables in a correctly specified econometric model may help uncover information on the preparation, implementation, and the outcome of such reforms, which could be useful for future policy advice. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2001/156 Full text available on IMF http://elibrary.imf.org/view/journals/001/2001/156/001.2001.issue-156-en.xml IMF e-Library