Skip to main content
×
×
Home

A Statistical Model of Bilateral Cooperation

  • Adam Przeworski (a1) and James Raymond Vreeland (a2)
Abstract

In most situations of bilateral cooperation we can observe only whether or not potential partners actually cooperate. Yet we often want to know what factors lead the actors to enter into and continue cooperation. The model we develop—a dynamic version of bivariate probit with partial observability—permits one to estimate the probabilities that either of two parties would want to cooperate and to identify the factors that affect these probabilities. As an illustration, we focus on agreements between national governments and the International Monetary Fund. The model should have a wide applicability.

Copyright
References
Hide All
Abowd, John M., and Farber, Henry S. 1982. “Job Queues and the Union Status of Workers.” Industrial and Labor Relations Review 35:354367.
Amemiya, Takeshi. 1985. Advanced Econometrics. Cambridge, MA: Harvard University Press.
Banks, A. S. 1996. Cross-National Time-Series Data Archive (magnetic tape). Binghamton: Center for Social Analysis, State University of New York at Binghamton.
Bird, Graham. 1996. “Borrowing from the IMF: The Policy Implications of Recent Empirical Research.” World Development 24:17531760.
Dixit, Avinash K. 1996. The Making of Economic Policy: A Transaction-Cost Politics Perspective. Cambridge, MA: MIT Press.
Edwards, Sebastian, and Santaella, Julio A. 1993. “Devaluation Controversies in the Developing Countries: Lessons from the Bretton Woods Era.” In A Retrospective on the Bretton Woods System, eds. Bordo, Michael D. and Eichengreen, Barry. Chicago: University of Chicago Press, pp. 405455.
Fischer, Stanley. 1999. “On the Need for an International Lender of Last Resort.” Paper prepared for delivery at the joint luncheon of the American Economic Association and the American Finance Association, New York, Jan. 3. (Available at www.imf.org.)
Greene, William H. 1998. LIMDEP Version 7.0 User's Manual, Revised Edition. Plainview, NY: Econometric Software.
Knight, Malcolm, and Santaella, Julio A. 1997. “Economic Determinants of Fund Financial Arrangements.” Journal of Development Economics 54:405436.
Poirier, Dale J. 1980. “Partial Observability in Bivariate Probit Models.” Journal of Econometrics 12:209217.
Przeworski, Adam, and Vreeland, James. 2000. “The Effect of IMF Programs on Economic Growth.” Journal of Development Economics 62:385421.
Przeworski, A., Alvarez, M., Cheibub, J. A., and Limongi, F. 2000. Democracy and Development: Political Regimes and Economic Well-being in the World, 1950-1990. Cambridge: Cambridge University Press.
Putnam, Robert D. 1988. “Diplomacy and Domestic Politics: The Logic of Two-Level Games.” International Organization 42:427460.
Remmer, Karen L. 1986. “The Politics of Economic Stabilization, IMF Standby Programs in Latin America, 1954-1984.” Comparative Politics 19:124.
Signorino, Curtis. 1999. “Strategic Interaction and the Statistical Analysis of International Conflict.” American Political Science Review 93:279298.
Smith, Alastair. 1996. “To Intervene or Not to Intervene: A Biased Decision.” Journal of Conflict Resolution 40:1640.
Smith, Alastair. 1999. “Testing Theories of Strategic Choice.” American Journal of Political Science 43:12541283.
Spaventa, Luigi. 1983. “Two Letters of Intent: External Crises and Stabilization Policy, Italy, 1973-77.” In IMF Conditionality, ed. Williamson, John. Washington, DC: Institute for International Economics, pp. 441473.
Stone, Randall W. 2002. Lending Credibility: The International Monetary Fund and the Post-Communist Transition. Princeton, NJ: Princeton University Press (in press).
Vreeland, James. 2002. The IMF and Economic Development. Cambridge: Cambridge University Press (in press).
Recommend this journal

Email your librarian or administrator to recommend adding this journal to your organisation's collection.

Political Analysis
  • ISSN: 1047-1987
  • EISSN: 1476-4989
  • URL: /core/journals/political-analysis
Please enter your name
Please enter a valid email address
Who would you like to send this to? *
×
MathJax

Metrics

Full text views

Total number of HTML views: 0
Total number of PDF views: 0 *
Loading metrics...

Abstract views

Total abstract views: 0 *
Loading metrics...

* Views captured on Cambridge Core between <date>. This data will be updated every 24 hours.

Usage data cannot currently be displayed