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Donor influence in international financial institutions: Deciphering what alignment measures measure

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Abstract

This paper explores U.S. influence in the World Bank using panel data on World Bank lending to 148 developing countries between 1984 and 2005. I compare a range of UN alignment variables (with differing interpretations), introduce other measures of U.S. interests, and control for voting alignment with the G7 donors. Estimation results suggest that partial correlations for U.S. UN voting alignment partly reflect vote buying and partly reflect broader alliances. The results convincingly reject the hypothesis that U.S. UN voting alignment merely proxies for G7 influence in the allocation of World Bank funds.

Suggested Citation

  • Christopher Kilby, 2009. "Donor influence in international financial institutions: Deciphering what alignment measures measure," Villanova School of Business Department of Economics and Statistics Working Paper Series 8, Villanova School of Business Department of Economics and Statistics.
  • Handle: RePEc:vil:papers:8
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    File URL: http://repec.library.villanova.edu/workingpapers/VSBEcon8.pdf
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    1. Robert K. Fleck & Christopher Kilby, 2006. "World Bank Independence: A Model and Statistical Analysis of US Influence," Review of Development Economics, Wiley Blackwell, vol. 10(2), pages 224-240, May.
    2. Dreher, Axel & Sturm, Jan-Egbert & Vreeland, James Raymond, 2009. "Development aid and international politics: Does membership on the UN Security Council influence World Bank decisions?," Journal of Development Economics, Elsevier, vol. 88(1), pages 1-18, January.
    3. Thomas Barnebeck Andersen & Henrik Hansen & Thomas Markussen, 2006. "US politics and World Bank IDA-lending," Journal of Development Studies, Taylor & Francis Journals, vol. 42(5), pages 772-794.
    4. Axel Dreher & Silvia Marchesi & James Vreeland, 2008. "The political economy of IMF forecasts," Public Choice, Springer, vol. 137(1), pages 145-171, October.
    5. Christopher Kilby, 2006. "Donor influence in multilateral development banks: The case of the Asian Development Bank," The Review of International Organizations, Springer, vol. 1(2), pages 173-195, June.
    6. Axel Dreher & Nathan Jensen, 2003. "Independent Actor or Agent? An Empirical Analysis of the impact of US interests on IMF Conditions," International Finance 0310004, EconWPA, revised 08 Jan 2004.
    7. Barro, Robert J. & Lee, Jong-Wha, 2005. "IMF programs: Who is chosen and what are the effects?," Journal of Monetary Economics, Elsevier, vol. 52(7), pages 1245-1269, October.
    8. Frey, Bruno S. & Schneider, Friedrich, 1986. "Competing models of international lending activity," Journal of Development Economics, Elsevier, vol. 20(2), pages 225-245, March.
    9. repec:cup:apsrev:v:98:y:2004:i:04:p:577-591_04 is not listed on IDEAS
    10. Kilby, Christopher, 2009. "The political economy of conditionality: An empirical analysis of World Bank loan disbursements," Journal of Development Economics, Elsevier, vol. 89(1), pages 51-61, May.
    11. Andersen, Thomas Barnebeck & Harr, Thomas & Tarp, Finn, 2006. "On US politics and IMF lending," European Economic Review, Elsevier, vol. 50(7), pages 1843-1862, October.
    12. Ilyana Kuziemko & Eric Werker, 2006. "How Much Is a Seat on the Security Council Worth? Foreign Aid and Bribery at the United Nations," Journal of Political Economy, University of Chicago Press, vol. 114(5), pages 905-930, October.
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    Cited by:

    1. Fuchs, Andreas & Vadlamannati, Krishna Chaitanya, 2013. "The Needy Donor: An Empirical Analysis of India’s Aid Motives," World Development, Elsevier, vol. 44(C), pages 110-128.
    2. Andrea F. Presbitero & Alberto Zazzaro, 2010. "IMF Lending in Low- and Middle-Income Countries in the Wake of the Global Crisis," Development Working Papers 305, Centro Studi Luca d'Agliano, University of Milano.
    3. Dreher, Axel & Nunnenkamp, Peter & Thiele, Rainer, 2011. "Are ‘New’ Donors Different? Comparing the Allocation of Bilateral Aid Between nonDAC and DAC Donor Countries," World Development, Elsevier, vol. 39(11), pages 1950-1968.
    4. Dreher, Axel & Jensen, Nathan M., 2013. "Country or leader? Political change and UN General Assembly voting," European Journal of Political Economy, Elsevier, vol. 29(C), pages 183-196.
    5. Christopher Kilby, 2011. "Informal influence in the Asian Development Bank," The Review of International Organizations, Springer, vol. 6(3), pages 223-257, September.
    6. Luca Papi & Andrea F Presbitero & Alberto Zazzaro, 2015. "IMF Lending and Banking Crises," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 63(3), pages 644-691, November.
    7. Dreher, Axel & Jensen, Nathan M., 2013. "Country or leader? Political change and UN General Assembly voting," European Journal of Political Economy, Elsevier, vol. 29(C), pages 183-196.
    8. Cho, Seo-Young & Dreher, Axel & Neumayer, Eric, 2010. "The spread of anti-trafficking policies: Evidence from a new index," Center for European, Governance and Economic Development Research Discussion Papers 119, University of Goettingen, Department of Economics.
    9. 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.
    10. Axel Dreher & Andreas Fuchs, 2011. "Rogue Aid? The Determinants of China’s Aid Allocation," Courant Research Centre: Poverty, Equity and Growth - Discussion Papers 93, Courant Research Centre PEG, revised 29 Feb 2012.
    11. Bernhard Boockmann & Axel Dreher, 2011. "Do human rights offenders oppose human rights resolutions in the United Nations?," Public Choice, Springer, vol. 146(3), pages 443-467, March.
    12. Christopher Kilby, 2013. "An Empirical Assessment of Informal Influence in the World Bank," Economic Development and Cultural Change, University of Chicago Press, vol. 61(2), pages 431-464.
    13. Axel Dreher & Peter Nunnenkamp & Rainer Thiele, 2010. "Are 'New' Donors Different?," KOF Working papers 10-255, KOF Swiss Economic Institute, ETH Zurich.
    14. repec:got:cegedp:119 is not listed on IDEAS
    15. Dreher, Axel & Nunnenkamp, Peter & Thiele, Rainer, 2010. "Are 'new' donors different? Comparing the allocation of bilateral aid between non-DAC and DAC donor," Center for European, Governance and Economic Development Research Discussion Papers 96, University of Goettingen, Department of Economics.
    16. Seo-Young Cho & Axel Dreher & Eric Neumayer, 2012. "The Determinants of Anti-trafficking Policies: Evidence from a New Index," Economics of Security Working Paper Series 72, DIW Berlin, German Institute for Economic Research.
    17. Elizabeth Bland & Christopher Kilby, 2012. "Informal influence in the Inter-American Development Bank," Villanova School of Business Department of Economics and Statistics Working Paper Series 22, Villanova School of Business Department of Economics and Statistics.
    18. Dutta, Nabamita & Williamson, Claudia R., 2016. "Aiding economic freedom: Exploring the role of political institutions," European Journal of Political Economy, Elsevier, vol. 45(S), pages 24-38.
    19. Breitwieser, Anja & Wick, Katharina, 2016. "What We Miss By Missing Data: Aid Effectiveness Revisited," World Development, Elsevier, vol. 78(C), pages 554-571.
    20. Axel Dreher & Jan-Egbert Sturm, 2012. "Do the IMF and the World Bank influence voting in the UN General Assembly?," Public Choice, Springer, vol. 151(1), pages 363-397, April.
    21. Tobias Rommel & Paul Schaudt, 2016. "First Impressions: How Leader Changes Affect Bilateral Aid," CESifo Working Paper Series 6047, CESifo Group Munich.
    22. Presbitero, Andrea F. & Zazzaro, Alberto, 2012. "IMF Lending in Times of Crisis: Political Influences and Crisis Prevention," World Development, Elsevier, vol. 40(10), pages 1944-1969.

    More about this item

    Keywords

    World Bank; United States; UN voting;

    JEL classification:

    • 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, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations

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