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Good Countries or Good Projects? : Comparing Macro and Micro Correlates of World Bank and Asian Development Bank Project Performance

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 c...

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Bibliographic Details
Main Authors: Bulman, David, Kolkma, Walter, Kraay, Aart
Language:English
en_US
Published: World Bank, Washington, DC 2015
Subjects:
SOCIAL INCLUSION
PROJECT MANAGEMENT
COMMUNITIES
DEVELOPMENT RESEARCH
EQUITY
STRUCTURAL ADJUSTMENT
SUPERVISION
ACCOUNTING
AUTONOMY
DEVELOPMENT ORGANIZATIONS
DESCRIPTION
COMPLEX PROJECTS
INTEREST
AID ALLOCATION
VALUE
PROJECT COMPLETION
DEVELOPMENT BANKS
SUSTAINABILITY
BANK
INDUSTRY
FLEXIBILITY
PROJECT MONITORING
PROGRAMS
DEVELOPMENT ISSUES
MONITORING
HEALTH
IMPACTS
DEVELOPMENT AID
SAMPLE SIZE
PROJECTS
PROJECT
BORROWERS
MULTILATERAL DEVELOPMENT BANKS
INFRASTRUCTURE PROJECTS
QUALITY
ECONOMIC ANALYSIS
DEVELOPMENT OBJECTIVES
DEVELOPMENT
ICR
PROJECT IMPLEMENTATION
LAND
AID
STATISTICS
EVALUATION
TRAINING
RISK
TRANSPORT
CONCESSIONAL LENDING
IMPACT EVALUATION
PRODUCTIVITY
LENDING
CRITERIA
PROJECT EVALUATION
INTERVENTIONS
LOCAL GOVERNMENT
INTERNATIONAL DEVELOPMENT
INDICATORS
RESEARCH
IMPLEMENTATION COMPLETION REPORT
LOANS
OUTCOMES
ADB
GOVERNMENTS
OBJECTIVES
FINANCE
ECONOMIC CONDITIONS
PROJECT QUALITY
STRUCTURAL POLICIES
INFRASTRUCTURE
DEVELOPMENT POLICY
DESIGN
ACTIONS
BANKS
DATA SET
FISCAL
Online Access:http://documents.worldbank.org/curated/en/2015/04/24407929/good-countries-or-good-projects-comparing-macro-micro-correlates-world-bank-asian-development-bank-project-performance
http://hdl.handle.net/10986/21859
Description
Summary: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.

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