Does the World Bank Foster Business?
This study investigates the impact of World Bank development policy loans on the ease of doing business. It finds that the cumulative number of development policy loans enhances business climate, especially for less developed countries and when com...
| Main Authors: | , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/806851493402224766/Does-the-World-Bank-foster-business http://hdl.handle.net/10986/26499 |
| Summary: | This study investigates the impact of
World Bank development policy loans on the ease of doing
business. It finds that the cumulative number of development
policy loans enhances business climate, especially for less
developed countries and when combined with an International
Monetary Fund assistance program. The results are robust to
several specifications and sample restrictions, and
controlling for possible endogeneity. When the cumulative
number of loans and their cumulative value are included in
the regression, the value is no longer significant. This
finding suggests that overall engagement with the World Bank
is more relevant than the amount of resources invested in
the project. |
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