It's Only Words : Validating the CPIA Governance Assessments
This study analyzes the validity of the World Bank's Country Policy and Institutional Assessments governance ratings, an important factor in allocating the Bank's concessionary International Development Association funds. It tests for cer...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2013/06/17942525/only-words-validating-cpia-governance-assessments http://hdl.handle.net/10986/15884 |
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okr-10986-15884 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English en_US |
| topic |
ACCOUNTABILITY AID ALLOCATION AID EFFECTIVENESS AUTHORITY AVERAGE RATINGS BUDGETARY SYSTEMS BUREAUCRACY BUREAUCRATIC QUALITY CENTRAL GOVERNMENT CITIZEN CIVIL SOCIETY CONSENSUS CONTRACT ENFORCEMENT CORRUPTION CORRUPTION PERCEPTIONS CRIME DEBT DECISION-MAKING DISPUTE RESOLUTION ECONOMIC ACTIVITY ECONOMIC COOPERATION ECONOMIC PERFORMANCE ENTERPRISE SURVEYS ENVIRONMENTAL POLICIES ENVIRONMENTAL SUSTAINABILITY FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL SECTOR FISCAL POLICY FOREIGN AID FOREIGN INVESTMENT GOVERNANCE INDICATORS GOVERNANCE QUESTIONS GOVERNANCE RATINGS GOVERNMENT OFFICIALS GOVERNMENT POLICIES GROWTH RATE HUMAN DEVELOPMENT HUMAN DEVELOPMENT INDEX HUMAN RESOURCES HUMAN RESOURCES MANAGEMENT HUMAN RIGHTS INCOME INCOME GROWTH INFLATION INTERNATIONAL DEVELOPMENT LAWS LEGAL FRAMEWORK LEGAL SYSTEM LEGAL SYSTEMS LEGISLATION LEGISLATORS LEGITIMACY MACROECONOMIC MANAGEMENT MEASUREMENT ERROR MEDIA SCRUTINY MERITOCRACY MORAL HAZARD NATIONS NATURAL RESOURCE NETWORKS OPEN ACCESS PER CAPITA INCOME PER CAPITA INCOMES PERCEPTIONS INDEX POLITICAL INTERFERENCE POVERTY REDUCTION PRIVATE PROPERTY PROPERTY RIGHTS PUBLIC ADMINISTRATION PUBLIC AFFAIRS PUBLIC EXPENDITURES PUBLIC POLICIES PUBLIC POLICY PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR GOVERNANCE PUBLIC SECTOR MANAGEMENT PUBLIC SERVICES REGIONAL BIASES REGIONAL CLUSTERS REGIONAL DEVELOPMENT REGIONAL DEVELOPMENT BANKS REGIONAL DIFFERENCES REGIONAL DUMMIES REGIONAL DUMMY REGIONAL EFFECTS REGIONAL GROUPINGS REGIONAL VARIATION REGIONAL VARIATIONS REGISTRIES REGULATORY ENVIRONMENT RELIABILITY REPUBLICS RESOURCE ALLOCATION RESOURCE ALLOCATIONS RESULT RESULTS REVENUE MOBILIZATION RULE OF LAW SOCIAL PROTECTION SOCIAL SECTOR STATISTICAL ANALYSES SUBNATIONAL GOVERNMENTS SUBSIDIARY TAX ADMINISTRATION TAX PAYMENTS TAX POLICY TAX RATE TAX RATES TRANSPARENCY TRANSPORTATION INFRASTRUCTURE USES VESTED INTERESTS WEB WORLDWIDE GOVERNANCE INDICATORS |
| spellingShingle |
ACCOUNTABILITY AID ALLOCATION AID EFFECTIVENESS AUTHORITY AVERAGE RATINGS BUDGETARY SYSTEMS BUREAUCRACY BUREAUCRATIC QUALITY CENTRAL GOVERNMENT CITIZEN CIVIL SOCIETY CONSENSUS CONTRACT ENFORCEMENT CORRUPTION CORRUPTION PERCEPTIONS CRIME DEBT DECISION-MAKING DISPUTE RESOLUTION ECONOMIC ACTIVITY ECONOMIC COOPERATION ECONOMIC PERFORMANCE ENTERPRISE SURVEYS ENVIRONMENTAL POLICIES ENVIRONMENTAL SUSTAINABILITY FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL SECTOR FISCAL POLICY FOREIGN AID FOREIGN INVESTMENT GOVERNANCE INDICATORS GOVERNANCE QUESTIONS GOVERNANCE RATINGS GOVERNMENT OFFICIALS GOVERNMENT POLICIES GROWTH RATE HUMAN DEVELOPMENT HUMAN DEVELOPMENT INDEX HUMAN RESOURCES HUMAN RESOURCES MANAGEMENT HUMAN RIGHTS INCOME INCOME GROWTH INFLATION INTERNATIONAL DEVELOPMENT LAWS LEGAL FRAMEWORK LEGAL SYSTEM LEGAL SYSTEMS LEGISLATION LEGISLATORS LEGITIMACY MACROECONOMIC MANAGEMENT MEASUREMENT ERROR MEDIA SCRUTINY MERITOCRACY MORAL HAZARD NATIONS NATURAL RESOURCE NETWORKS OPEN ACCESS PER CAPITA INCOME PER CAPITA INCOMES PERCEPTIONS INDEX POLITICAL INTERFERENCE POVERTY REDUCTION PRIVATE PROPERTY PROPERTY RIGHTS PUBLIC ADMINISTRATION PUBLIC AFFAIRS PUBLIC EXPENDITURES PUBLIC POLICIES PUBLIC POLICY PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR GOVERNANCE PUBLIC SECTOR MANAGEMENT PUBLIC SERVICES REGIONAL BIASES REGIONAL CLUSTERS REGIONAL DEVELOPMENT REGIONAL DEVELOPMENT BANKS REGIONAL DIFFERENCES REGIONAL DUMMIES REGIONAL DUMMY REGIONAL EFFECTS REGIONAL GROUPINGS REGIONAL VARIATION REGIONAL VARIATIONS REGISTRIES REGULATORY ENVIRONMENT RELIABILITY REPUBLICS RESOURCE ALLOCATION RESOURCE ALLOCATIONS RESULT RESULTS REVENUE MOBILIZATION RULE OF LAW SOCIAL PROTECTION SOCIAL SECTOR STATISTICAL ANALYSES SUBNATIONAL GOVERNMENTS SUBSIDIARY TAX ADMINISTRATION TAX PAYMENTS TAX POLICY TAX RATE TAX RATES TRANSPARENCY TRANSPORTATION INFRASTRUCTURE USES VESTED INTERESTS WEB WORLDWIDE GOVERNANCE INDICATORS Knack, Stephen It's Only Words : Validating the CPIA Governance Assessments |
| relation |
Policy Research Working Paper;No. 6526 |
| description |
This study analyzes the validity of the
World Bank's Country Policy and Institutional
Assessments governance ratings, an important factor in
allocating the Bank's concessionary International
Development Association funds. It tests for certain biases
in the ratings, and examines the quality of the written
justifications that accompany the ratings. The study finds
no evidence of bias in favor of International Development
Association-eligible countries, despite a potential moral
hazard problem inherent in the ratings process. However,
there is some evidence of an upward bias in ratings for one
region, relative to the other five regions. The study finds
significant regional differences in the quality of the
written justifications accompanying the six World Bank
regions' proposed ratings. The length of these
write-ups has exploded over time. Although higher-quality
write-ups are also longer on average, there is wide
dispersion in the word count at any given quality level, and
some long write-ups provide little relevant information.
Higher quality write-ups are associated with a lower
likelihood that central unit reviewers will either disagree
with proposed ratings, or request additional information to
assess the proposed rating. Controlling for quality, longer
write-ups are associated with a greater probability that
central reviewers will disagree with a proposed rating.
Although checks and balances built into the process appear
to work reasonably well, the author concludes that a more
proactive role for central unit reviewers and regional chief
economists' offices could further enhance the quality
of write-ups and reduce regional bias. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Knack, Stephen |
| author_facet |
Knack, Stephen |
| author_sort |
Knack, Stephen |
| title |
It's Only Words : Validating the CPIA Governance Assessments |
| title_short |
It's Only Words : Validating the CPIA Governance Assessments |
| title_full |
It's Only Words : Validating the CPIA Governance Assessments |
| title_fullStr |
It's Only Words : Validating the CPIA Governance Assessments |
| title_full_unstemmed |
It's Only Words : Validating the CPIA Governance Assessments |
| title_sort |
it's only words : validating the cpia governance assessments |
| publisher |
World Bank, Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2013/06/17942525/only-words-validating-cpia-governance-assessments http://hdl.handle.net/10986/15884 |
| _version_ |
1764431857467785216 |
| spelling |
okr-10986-158842021-04-23T14:03:26Z It's Only Words : Validating the CPIA Governance Assessments Knack, Stephen ACCOUNTABILITY AID ALLOCATION AID EFFECTIVENESS AUTHORITY AVERAGE RATINGS BUDGETARY SYSTEMS BUREAUCRACY BUREAUCRATIC QUALITY CENTRAL GOVERNMENT CITIZEN CIVIL SOCIETY CONSENSUS CONTRACT ENFORCEMENT CORRUPTION CORRUPTION PERCEPTIONS CRIME DEBT DECISION-MAKING DISPUTE RESOLUTION ECONOMIC ACTIVITY ECONOMIC COOPERATION ECONOMIC PERFORMANCE ENTERPRISE SURVEYS ENVIRONMENTAL POLICIES ENVIRONMENTAL SUSTAINABILITY FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL SECTOR FISCAL POLICY FOREIGN AID FOREIGN INVESTMENT GOVERNANCE INDICATORS GOVERNANCE QUESTIONS GOVERNANCE RATINGS GOVERNMENT OFFICIALS GOVERNMENT POLICIES GROWTH RATE HUMAN DEVELOPMENT HUMAN DEVELOPMENT INDEX HUMAN RESOURCES HUMAN RESOURCES MANAGEMENT HUMAN RIGHTS INCOME INCOME GROWTH INFLATION INTERNATIONAL DEVELOPMENT LAWS LEGAL FRAMEWORK LEGAL SYSTEM LEGAL SYSTEMS LEGISLATION LEGISLATORS LEGITIMACY MACROECONOMIC MANAGEMENT MEASUREMENT ERROR MEDIA SCRUTINY MERITOCRACY MORAL HAZARD NATIONS NATURAL RESOURCE NETWORKS OPEN ACCESS PER CAPITA INCOME PER CAPITA INCOMES PERCEPTIONS INDEX POLITICAL INTERFERENCE POVERTY REDUCTION PRIVATE PROPERTY PROPERTY RIGHTS PUBLIC ADMINISTRATION PUBLIC AFFAIRS PUBLIC EXPENDITURES PUBLIC POLICIES PUBLIC POLICY PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR GOVERNANCE PUBLIC SECTOR MANAGEMENT PUBLIC SERVICES REGIONAL BIASES REGIONAL CLUSTERS REGIONAL DEVELOPMENT REGIONAL DEVELOPMENT BANKS REGIONAL DIFFERENCES REGIONAL DUMMIES REGIONAL DUMMY REGIONAL EFFECTS REGIONAL GROUPINGS REGIONAL VARIATION REGIONAL VARIATIONS REGISTRIES REGULATORY ENVIRONMENT RELIABILITY REPUBLICS RESOURCE ALLOCATION RESOURCE ALLOCATIONS RESULT RESULTS REVENUE MOBILIZATION RULE OF LAW SOCIAL PROTECTION SOCIAL SECTOR STATISTICAL ANALYSES SUBNATIONAL GOVERNMENTS SUBSIDIARY TAX ADMINISTRATION TAX PAYMENTS TAX POLICY TAX RATE TAX RATES TRANSPARENCY TRANSPORTATION INFRASTRUCTURE USES VESTED INTERESTS WEB WORLDWIDE GOVERNANCE INDICATORS This study analyzes the validity of the World Bank's Country Policy and Institutional Assessments governance ratings, an important factor in allocating the Bank's concessionary International Development Association funds. It tests for certain biases in the ratings, and examines the quality of the written justifications that accompany the ratings. The study finds no evidence of bias in favor of International Development Association-eligible countries, despite a potential moral hazard problem inherent in the ratings process. However, there is some evidence of an upward bias in ratings for one region, relative to the other five regions. The study finds significant regional differences in the quality of the written justifications accompanying the six World Bank regions' proposed ratings. The length of these write-ups has exploded over time. Although higher-quality write-ups are also longer on average, there is wide dispersion in the word count at any given quality level, and some long write-ups provide little relevant information. Higher quality write-ups are associated with a lower likelihood that central unit reviewers will either disagree with proposed ratings, or request additional information to assess the proposed rating. Controlling for quality, longer write-ups are associated with a greater probability that central reviewers will disagree with a proposed rating. Although checks and balances built into the process appear to work reasonably well, the author concludes that a more proactive role for central unit reviewers and regional chief economists' offices could further enhance the quality of write-ups and reduce regional bias. 2013-09-26T19:37:53Z 2013-09-26T19:37:53Z 2013-06 http://documents.worldbank.org/curated/en/2013/06/17942525/only-words-validating-cpia-governance-assessments http://hdl.handle.net/10986/15884 English en_US Policy Research Working Paper;No. 6526 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research |