World Bank lending and the quality of economic policy (English)

This study investigates the impact of World Bank development policy lending on the quality of economic policy. It finds that the quality of policy increases, but at a diminishing rate, with the cumulative number of policy loans. Similar results hold for the cumulative number of conditions attached to policy loans, although quadratic specifications indicate that additional conditions may even reduce the quality of policy beyond some point. The paper...

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Author

Knack,Stephen;

Smets,Lodewijk;
Document Date
2014/06/01
Document Type
Policy Research Working Paper
Report Number
WPS6924
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2014/06/01
Disclosure Status
Disclosed
Doc Name
World Bank lending and the quality of economic policy
Keywords
annual bank conference on development economics

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Citation

Knack,Stephen; Smets,Lodewijk.

World Bank lending and the quality of economic policy (English). Policy Research working paper ; no. WPS 6924 Washington, DC: World Bank Group. http://documents.worldbank.org/curated/en/573421468336696492

World Bank lending and the quality of economic policy (English)

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