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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INFORMACIÓN
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2014/06/01
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Documento de trabajo sobre investigaciones relativas a políticas
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WPS6924
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1
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1
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2014/06/01
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Disclosed
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World Bank lending and the quality of economic policy
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annual bank conference on development economics