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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Main Authors:	Bulman, David, Kolkma, Walter, Kraay, Aart
Format:	Working Paper
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

id	okr-10986-21859
recordtype	oai_dc
spelling	okr-10986-218592021-04-23T14:04:05Z Good Countries or Good Projects? : Comparing Macro and Micro Correlates of World Bank and Asian Development Bank Project Performance Bulman, David Kolkma, Walter Kraay, Aart 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 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. 2015-05-04T21:44:53Z 2015-05-04T21:44:53Z 2015-04 Working Paper 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 English en_US Policy Research Working Paper;No. 7245 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper East Asia and Pacific South Asia Asia East Asia Oceania South Asia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	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
spellingShingle	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 Bulman, David Kolkma, Walter Kraay, Aart Good Countries or Good Projects? : Comparing Macro and Micro Correlates of World Bank and Asian Development Bank Project Performance
geographic_facet	East Asia and Pacific South Asia Asia East Asia Oceania South Asia
relation	Policy Research Working Paper;No. 7245
description	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.
format	Working Paper
author	Bulman, David Kolkma, Walter Kraay, Aart
author_facet	Bulman, David Kolkma, Walter Kraay, Aart
author_sort	Bulman, David
title	Good Countries or Good Projects? : Comparing Macro and Micro Correlates of World Bank and Asian Development Bank Project Performance
title_short	Good Countries or Good Projects? : Comparing Macro and Micro Correlates of World Bank and Asian Development Bank Project Performance
title_full	Good Countries or Good Projects? : Comparing Macro and Micro Correlates of World Bank and Asian Development Bank Project Performance
title_fullStr	Good Countries or Good Projects? : Comparing Macro and Micro Correlates of World Bank and Asian Development Bank Project Performance
title_full_unstemmed	Good Countries or Good Projects? : Comparing Macro and Micro Correlates of World Bank and Asian Development Bank Project Performance
title_sort	good countries or good projects? : comparing macro and micro correlates of world bank and asian development bank project performance
publisher	World Bank, Washington, DC
publishDate	2015
url	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
_version_	1764449459830259712

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

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