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Does the World Bank have any impact on human development of the poorest countries? Some preliminary evidence from Africa

  • Bhaumik, Sumon Kumar

In an attempt to better understand the impact of the World Bank on human development in poor countries, we use cross-country data on African countries, for the 1990-2002 period, to examine this relationship. The coefficient estimates of our parsimonious fixed-effects models indicate that while loans and grants of the Bank have had a positive impact on some relatively short-term indicators of health and education in an average African country, there is little evidence to suggest that such loans and grants have helped these countries to consolidate on the short-term gains.

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Article provided by Elsevier in its journal Economic Systems.

Volume (Year): 29 (2005)
Issue (Month): 4 (December)
Pages: 422-432

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Handle: RePEc:eee:ecosys:v:29:y:2005:i:4:p:422-432
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  1. Gilbert, Christopher & Powell, Andrew & Vines, David, 1999. "Positioning the World Bank," Economic Journal, Royal Economic Society, vol. 109(459), pages F598-633, November.
  2. David Dollar & Craig Burnside, 2000. "Aid, Policies, and Growth," American Economic Review, American Economic Association, vol. 90(4), pages 847-868, September.
  3. Kilby, C., 1995. "Supervision and Performance : The Case of World Bank Projects," Discussion Paper 1995-45, Tilburg University, Center for Economic Research.
  4. Lancaster, Carol, 1999. "Aid Effectiveness in Africa: The Unfinished Agenda," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 8(4), pages 487-503, December.
  5. Wallich Christine I., 1995. "What's Right and Wrong with World Bank Involvement in Eastern Europe," Journal of Comparative Economics, Elsevier, vol. 20(1), pages 57-94, February.
  6. William Easterly, 2003. "Can Foreign Aid Buy Growth?," Journal of Economic Perspectives, American Economic Association, vol. 17(3), pages 23-48, Summer.
  7. Dasgupta, Partha & Ray, Debraj, 1986. "Inequality as a Determinant of Malnutrition and Unemployment: Theory," Economic Journal, Royal Economic Society, vol. 96(384), pages 1011-34, December.
  8. Burhop, Carsten, 2005. "Foreign assistance and economic development: a re-evaluation," Economics Letters, Elsevier, vol. 86(1), pages 57-61, January.
  9. Baland, Jean-Marie & Ray, Debraj, 1991. "Why does asset inequality affect unemployment? A study of the demand composition problem," Journal of Development Economics, Elsevier, vol. 35(1), pages 69-92, January.
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