The Political Economy of Project Preparation: An Empirical Analysis of World Bank Projects
AbstractIn the last few years, numerous econometric studies have unearthed evidence of donor influence over the geographic distribution of funds from international financial institutions (IFIs). Scholars are now beginning to use quantitative methods to delve into the details of donor influence to understand better how IFIs function and to guide institutional reform. The evidence suggests that donors influence both the amount of funds committed (the number and size of loans) and the disbursement of committed funds. This paper advances the literature by applying stochastic frontier analysis to a novel data source to examine factors that affect how quickly World Bank projects proceed from identification to approval, i.e., how long it takes to prepare a project. Accelerated preparation is one explanation for how the World Bank might increase the number of loans to a recipient member country within a fixed time frame, for example in response to that country siding with powerful donor countries on important UN votes or while that country occupies an elected seat on the UN Security Council or the World Bank Executive Board.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Villanova School of Business Department of Economics and Statistics in its series Villanova School of Business Department of Economics and Statistics Working Paper Series with number 14.
Date of creation: Jul 2011
Date of revision:
Contact details of provider:
Web page: http://www.villanova.edu/business/facultyareas/economics/
More information through EDIRC
Donor Influence; Project Preparation; Stochastic Frontier Analysis; United States; UN voting; World Bank;
Other versions of this item:
- Kilby, Christopher, 2013. "The political economy of project preparation: An empirical analysis of World Bank projects," Journal of Development Economics, Elsevier, vol. 105(C), pages 211-225.
- F35 - International Economics - - International Finance - - - Foreign Aid
- F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
- F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
- O19 - Economic Development, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-08-15 (All new papers)
- NEP-CDM-2011-08-15 (Collective Decision-Making)
- NEP-EFF-2011-08-15 (Efficiency & Productivity)
- NEP-POL-2011-08-15 (Positive Political Economics)
- NEP-PPM-2011-08-15 (Project, Program & Portfolio Management)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Ashoka Mody & Diego Saravia, 2013.
"The Response Speed of the International Monetary Fund,"
Working Papers Central Bank of Chile
692, Central Bank of Chile.
- Ashoka Mody & Diego Saravia, 2013. "The Response Speed of the International Monetary Fund," International Finance, Wiley Blackwell, vol. 16(2), pages 189-211, 06.
- Ashoka Mody & Diego Saravia, 2013. "The response speed of the International Monetary Fund," Working Papers 786, Bruegel.
- Christopher Kilby, 2012. "Assessing the contribution of donor agencies to aid effectiveness: The impact of World Bank preparation on project outcomes," Villanova School of Business Department of Economics and Statistics Working Paper Series 20, Villanova School of Business Department of Economics and Statistics.
- Smets, Lodewijk & Knack, Stephen & Molenaers, Nadia, 2012.
"Political ideology, quality at entry and the success of economic reform programs,"
Policy Research Working Paper Series
6130, The World Bank.
- Lodewijk Smets & Stephen Knack & Nadia Molenaers, 2013. "Political ideology, quality at entry and the success of economic reform programs," The Review of International Organizations, Springer, vol. 8(4), pages 447-476, December.
- Axel Dreher & Anna Minasyan & Peter Nunnenkamp, 2013. "Government Ideology in Donor and Recipient Countries: Does Political Proximity Matter for the Effectiveness of Aid?," Kiel Working Papers 1870, Kiel Institute for the World Economy.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher Kilby).
If references are entirely missing, you can add them using this form.