Thomas Barnebeck Andersen (Institute of Economics, University of Copenhagen) Henrik Hansen (Institute of Economics, University of Copenhagen) Thomas Markussen (Institute of Economics, University of Copenhagen)
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This paper studies the role of US political factors in the allocation of World Bank concessional lending, where US political interests are proxied by voting similarity in the United Nations General Assembly on issues identified as important by the US Department of State. In contrast to previous studies we find that the US exerted a significant influence on IDA lending during the period 1993 - 2000. We demonstrate that the influence was both statistically as well as economically significant. Finally, we demonstrate that our result is robust with respect to the omission of the IDA Country Performance Rating index.
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Paper provided by University of Copenhagen. Department of Economics in its series Discussion Papers with number
05-06.
Length: 21 pages Date of creation: Aug 2004 Date of revision:
May 2005 Handle: RePEc:kud:kuiedp:0506
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Find related papers by JEL classification: F34 - International Economics - - International Finance - - - International Lending and Debt Problems F35 - International Economics - - International Finance - - - Foreign Aid O19 - Economic Development, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Craig Burnside & David Dollar, 2000.
"Aid, Policies, and Growth,"
American Economic Review,
American Economic Association, vol. 90(4), pages 847-868, September.
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Axel Dreher & Silvia Marchesi & James Raymond Vreeland, 2007.
"The Politics of IMF Forecasts,"
Working Papers
124, University of Milano-Bicocca, Department of Economics, revised Oct 2007.
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