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Good countries or good projects ? comparing macro and micro correlates of World Bank and Asian Development Bank project performance

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  • Bulman,David Janoff
  • Kolkma,Walter
  • Kraay,Aart C.

Abstract

This paper examines the micro and macro correlates of aid project outcomes in a sample of 3,821 World Bank projects and 1,342 Asian Development Bank projects. Project outcomes vary much more within countries than between countries: country-level characteristics explain only 10?25 percent of project outcomes. Among macro variables, country growth and the policy environment are significantly positively correlated with project outcomes. Among micro variables, shorter project duration and the presence of additional financing are significantly correlated with better project outcomes. In addition, the track record of the project manager in delivering successful projects is highly significantly correlated with project outcomes. There are few significant differences between the two institutions in the relationship between these variables and project outcomes.

Suggested Citation

  • Bulman,David Janoff & Kolkma,Walter & Kraay,Aart C., 2015. "Good countries or good projects ? comparing macro and micro correlates of World Bank and Asian Development Bank project performance," Policy Research Working Paper Series 7245, The World Bank.
  • Handle: RePEc:wbk:wbrwps:7245
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    References listed on IDEAS

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    1. Jonathan Isham & Daniel Kaufmann, 1999. "The Forgotten Rationale for Policy Reform: The Productivity of Investment Projects," The Quarterly Journal of Economics, Oxford University Press, vol. 114(1), pages 149-184.
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    7. 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.
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    Cited by:

    1. Presbitero, Andrea F., 2016. "Too much and too fast? Public investment scaling-up and absorptive capacity," Journal of Development Economics, Elsevier, vol. 120(C), pages 17-31.
    2. Axel Dreher & Katharina Michaelowa, 2008. "The political economy of international organizations," The Review of International Organizations, Springer, vol. 3(4), pages 331-334, December.

    More about this item

    Keywords

    Housing&Human Habitats; Development Economics&Aid Effectiveness; Rural Portfolio Improvement; Poverty Monitoring&Analysis; Banks&Banking Reform;

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