Good Countries or Good Projects? Macro and Micro Correlates of World Bank Project Performance

This paper investigates macro and micro correlates of aid-financed development project outcomes, using data from over 6000 World Bank projects evaluated between 1983 and 2011. Country-level “macro” measures of the quality of policies and institutions are strongly correlated with project outcomes, co...

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Main Authors:	Denizer, Cevdet, Kaufmann, Daniel, Kraay, Aart
Format:	Journal Article
Language:	en_US
Published:	Elsevier 2013
Subjects:	aid effectiveness World Bank projects
Online Access:	http://hdl.handle.net/10986/16205

id	okr-10986-16205
recordtype	oai_dc
spelling	okr-10986-162052021-04-23T14:03:27Z Good Countries or Good Projects? Macro and Micro Correlates of World Bank Project Performance Denizer, Cevdet Kaufmann, Daniel Kraay, Aart aid effectiveness World Bank projects This paper investigates macro and micro correlates of aid-financed development project outcomes, using data from over 6000 World Bank projects evaluated between 1983 and 2011. Country-level “macro” measures of the quality of policies and institutions are strongly correlated with project outcomes, consistent with the view that country-level performance matters for aid effectiveness. However, a striking feature of the data is that the success of individual development projects varies much more within countries than it does between countries. A large set of project-level “micro” variables, including project size, project length, the effort devoted to project preparation and supervision, and early-warning indicators that flag problematic projects during the implementation stage, accounts for some of this within-country variation in project outcomes. Measures of World Bank project manager quality also matter significantly for the ultimate project outcomes. We discuss the implications of these findings for donor policies aimed at aid effectiveness. 2013-10-29T16:53:43Z 2013-10-29T16:53:43Z 2013-07-13 Journal Article Journal of Development Economics 0304-3878 http://hdl.handle.net/10986/16205 en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank Elsevier Publications & Research :: Journal Article Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	aid effectiveness World Bank projects
spellingShingle	aid effectiveness World Bank projects Denizer, Cevdet Kaufmann, Daniel Kraay, Aart Good Countries or Good Projects? Macro and Micro Correlates of World Bank Project Performance
description	This paper investigates macro and micro correlates of aid-financed development project outcomes, using data from over 6000 World Bank projects evaluated between 1983 and 2011. Country-level “macro” measures of the quality of policies and institutions are strongly correlated with project outcomes, consistent with the view that country-level performance matters for aid effectiveness. However, a striking feature of the data is that the success of individual development projects varies much more within countries than it does between countries. A large set of project-level “micro” variables, including project size, project length, the effort devoted to project preparation and supervision, and early-warning indicators that flag problematic projects during the implementation stage, accounts for some of this within-country variation in project outcomes. Measures of World Bank project manager quality also matter significantly for the ultimate project outcomes. We discuss the implications of these findings for donor policies aimed at aid effectiveness.
format	Journal Article
author	Denizer, Cevdet Kaufmann, Daniel Kraay, Aart
author_facet	Denizer, Cevdet Kaufmann, Daniel Kraay, Aart
author_sort	Denizer, Cevdet
title	Good Countries or Good Projects? Macro and Micro Correlates of World Bank Project Performance
title_short	Good Countries or Good Projects? Macro and Micro Correlates of World Bank Project Performance
title_full	Good Countries or Good Projects? Macro and Micro Correlates of World Bank Project Performance
title_fullStr	Good Countries or Good Projects? Macro and Micro Correlates of World Bank Project Performance
title_full_unstemmed	Good Countries or Good Projects? Macro and Micro Correlates of World Bank Project Performance
title_sort	good countries or good projects? macro and micro correlates of world bank project performance
publisher	Elsevier
publishDate	2013
url	http://hdl.handle.net/10986/16205
_version_	1764432498011406336

Good Countries or Good Projects? Macro and Micro Correlates of World Bank Project Performance

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