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Does the World Bank foster business ?

Author

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  • Giordano,Raffaela
  • Pagano,Patrizio

Abstract

This study investigates the impact of World Bank development policy loans on the ease of doing business. It finds that the cumulative number of development policy loans enhances business climate, especially for less developed countries and when combined with an International Monetary Fund assistance program. The results are robust to several specifications and sample restrictions, and controlling for possible endogeneity. When the cumulative number of loans and their cumulative value are included in the regression, the value is no longer significant. This finding suggests that overall engagement with the World Bank is more relevant than the amount of resources invested in the project.

Suggested Citation

  • Giordano,Raffaela & Pagano,Patrizio, 2017. "Does the World Bank foster business ?," Policy Research Working Paper Series 8047, The World Bank.
    • Handle: RePEc:wbk:wbrwps:8047
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    Cited by:

    1. Peter Moll & Lodewijk Smets, 2020. "Is It the Journey That Matters? A Fresh Look at the Impact of World Bank Policy Lending," Journal of International Development, John Wiley & Sons, Ltd., vol. 32(7), pages 1194-1228, October.
    2. Knack,Stephen & Parks,Bradley Christopher & Harutyunyan,Ani & DiLorenzo,Matthew, 2020. "How Does the World Bank Influence the Development Policy Priorities of Low-Income and Lower-Middle Income Countries ?," Policy Research Working Paper Series 9225, The World Bank.

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