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.
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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
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Web page: http://www.villanova.edu/business/facultyareas/economics/
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Donor Influence; Project Preparation; Stochastic Frontier Analysis; United States; UN voting; World Bank;
Find related papers by JEL classification:
- F35 - International Economics - - International Finance - - - Foreign Aid
- F53 - International Economics - - International Relations and International Political Economy - - - International Agreements and Observance; International Organizations
- F55 - International Economics - - International Relations 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)
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- 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.
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