The Success of Infrastructure Projects in Low-Income Countries and the Role of Selectivity

This research analyzes the success of the infrastructure projects financed by the World Bank, focusing on the causal link between the quality of project implementation and its outcome. The results show that the success of infrastructure projects de...

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Main Author:	Limodio, Nicola
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ACCOUNTABILITY BANK BORROWER BANK LOAN BANK PERFORMANCE BANK POLICY BORROWER BUSINESS CLIMATE CAPACITY BUILDING CAPITAL ACCUMULATION CHECKS CONFIDENTIALITY CONFLICT OF INTEREST CORRUPTION COUNTRY DUMMIES COUNTRY FIXED EFFECTS COUNTRY RISK CREDIBILITY DEMOCRACY DEMOCRATIC ACCOUNTABILITY DESCRIPTION DEVELOPING COUNTRIES DEVELOPMENT BANK DISCOUNT RATE DOLLAR VALUE ECONOMIC DEVELOPMENT ENGINEERS FINANCIAL SECTOR FINANCIAL SUPPORT FOREIGN INVESTMENT GROWTH RATE HUMAN DEVELOPMENT INCENTIVE STRUCTURE INCOME INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROJECT INFRASTRUCTURE PROJECTS INSTITUTIONAL ARCHITECTURE INSTRUMENT INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INVESTIGATION INVESTMENT PROJECTS LAWYERS LOAN LOCAL GOVERNMENTS LOW-INCOME COUNTRIES MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC VARIABLES MULTILATERAL DEVELOPMENT MULTILATERAL DEVELOPMENT BANKS OUTPUT OUTPUTS PATRONAGE POLITICAL RISK POLITICAL SYSTEM PORTFOLIO PORTFOLIO MANAGEMENT PORTFOLIO PERFORMANCE PRESENT VALUE PRIVATE SECTOR DEVELOPMENT PROCUREMENT PRODUCTIVITY PROPERTY RIGHTS PUBLIC COMPANIES PUBLIC INVESTMENT RATE OF RETURN RULE OF LAW RURAL DEVELOPMENT SANCTIONS SOCIAL DEVELOPMENT SOCIAL PROTECTION STATISTICAL ANALYSIS STRUCTURAL ADJUSTMENT TECHNICAL ASSISTANCE TELECOMMUNICATIONS TELECOMMUNICATIONS INFRASTRUCTURE TRANSPORT URBAN DEVELOPMENT VOLATILE ECONOMY VOLATILITY WORLD DEVELOPMENT INDICATORS
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110620135046 http://hdl.handle.net/10986/3458

id	okr-10986-3458
recordtype	oai_dc
spelling	okr-10986-34582021-04-23T14:02:10Z The Success of Infrastructure Projects in Low-Income Countries and the Role of Selectivity Limodio, Nicola ACCOUNTABILITY BANK BORROWER BANK LOAN BANK PERFORMANCE BANK POLICY BORROWER BUSINESS CLIMATE CAPACITY BUILDING CAPITAL ACCUMULATION CHECKS CONFIDENTIALITY CONFLICT OF INTEREST CORRUPTION COUNTRY DUMMIES COUNTRY FIXED EFFECTS COUNTRY RISK CREDIBILITY DEMOCRACY DEMOCRATIC ACCOUNTABILITY DESCRIPTION DEVELOPING COUNTRIES DEVELOPMENT BANK DISCOUNT RATE DOLLAR VALUE ECONOMIC DEVELOPMENT ENGINEERS FINANCIAL SECTOR FINANCIAL SUPPORT FOREIGN INVESTMENT GROWTH RATE HUMAN DEVELOPMENT INCENTIVE STRUCTURE INCOME INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROJECT INFRASTRUCTURE PROJECTS INSTITUTIONAL ARCHITECTURE INSTRUMENT INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INVESTIGATION INVESTMENT PROJECTS LAWYERS LOAN LOCAL GOVERNMENTS LOW-INCOME COUNTRIES MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC VARIABLES MULTILATERAL DEVELOPMENT MULTILATERAL DEVELOPMENT BANKS OUTPUT OUTPUTS PATRONAGE POLITICAL RISK POLITICAL SYSTEM PORTFOLIO PORTFOLIO MANAGEMENT PORTFOLIO PERFORMANCE PRESENT VALUE PRIVATE SECTOR DEVELOPMENT PROCUREMENT PRODUCTIVITY PROPERTY RIGHTS PUBLIC COMPANIES PUBLIC INVESTMENT RATE OF RETURN RULE OF LAW RURAL DEVELOPMENT SANCTIONS SOCIAL DEVELOPMENT SOCIAL PROTECTION STATISTICAL ANALYSIS STRUCTURAL ADJUSTMENT TECHNICAL ASSISTANCE TELECOMMUNICATIONS TELECOMMUNICATIONS INFRASTRUCTURE TRANSPORT URBAN DEVELOPMENT VOLATILE ECONOMY VOLATILITY WORLD DEVELOPMENT INDICATORS This research analyzes the success of the infrastructure projects financed by the World Bank, focusing on the causal link between the quality of project implementation and its outcome. The results show that the success of infrastructure projects depends fundamentally on the quality of implementation. Although bad implementation can harm structurally solid projects, good implementation cannot make structurally weak projects successful. This leads to the conclusion that governance and selection of well-designed projects are essential for success and, in order to improve project outcomes, multilateral development banks may need to align their incentives toward this objective and invest more in governance and capacity building. 2012-03-19T18:02:49Z 2012-03-19T18:02:49Z 2011-06-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110620135046 http://hdl.handle.net/10986/3458 English Policy Research working paper ; no. WPS 5694 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region The World Region
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ACCOUNTABILITY BANK BORROWER BANK LOAN BANK PERFORMANCE BANK POLICY BORROWER BUSINESS CLIMATE CAPACITY BUILDING CAPITAL ACCUMULATION CHECKS CONFIDENTIALITY CONFLICT OF INTEREST CORRUPTION COUNTRY DUMMIES COUNTRY FIXED EFFECTS COUNTRY RISK CREDIBILITY DEMOCRACY DEMOCRATIC ACCOUNTABILITY DESCRIPTION DEVELOPING COUNTRIES DEVELOPMENT BANK DISCOUNT RATE DOLLAR VALUE ECONOMIC DEVELOPMENT ENGINEERS FINANCIAL SECTOR FINANCIAL SUPPORT FOREIGN INVESTMENT GROWTH RATE HUMAN DEVELOPMENT INCENTIVE STRUCTURE INCOME INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROJECT INFRASTRUCTURE PROJECTS INSTITUTIONAL ARCHITECTURE INSTRUMENT INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INVESTIGATION INVESTMENT PROJECTS LAWYERS LOAN LOCAL GOVERNMENTS LOW-INCOME COUNTRIES MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC VARIABLES MULTILATERAL DEVELOPMENT MULTILATERAL DEVELOPMENT BANKS OUTPUT OUTPUTS PATRONAGE POLITICAL RISK POLITICAL SYSTEM PORTFOLIO PORTFOLIO MANAGEMENT PORTFOLIO PERFORMANCE PRESENT VALUE PRIVATE SECTOR DEVELOPMENT PROCUREMENT PRODUCTIVITY PROPERTY RIGHTS PUBLIC COMPANIES PUBLIC INVESTMENT RATE OF RETURN RULE OF LAW RURAL DEVELOPMENT SANCTIONS SOCIAL DEVELOPMENT SOCIAL PROTECTION STATISTICAL ANALYSIS STRUCTURAL ADJUSTMENT TECHNICAL ASSISTANCE TELECOMMUNICATIONS TELECOMMUNICATIONS INFRASTRUCTURE TRANSPORT URBAN DEVELOPMENT VOLATILE ECONOMY VOLATILITY WORLD DEVELOPMENT INDICATORS
spellingShingle	ACCOUNTABILITY BANK BORROWER BANK LOAN BANK PERFORMANCE BANK POLICY BORROWER BUSINESS CLIMATE CAPACITY BUILDING CAPITAL ACCUMULATION CHECKS CONFIDENTIALITY CONFLICT OF INTEREST CORRUPTION COUNTRY DUMMIES COUNTRY FIXED EFFECTS COUNTRY RISK CREDIBILITY DEMOCRACY DEMOCRATIC ACCOUNTABILITY DESCRIPTION DEVELOPING COUNTRIES DEVELOPMENT BANK DISCOUNT RATE DOLLAR VALUE ECONOMIC DEVELOPMENT ENGINEERS FINANCIAL SECTOR FINANCIAL SUPPORT FOREIGN INVESTMENT GROWTH RATE HUMAN DEVELOPMENT INCENTIVE STRUCTURE INCOME INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROJECT INFRASTRUCTURE PROJECTS INSTITUTIONAL ARCHITECTURE INSTRUMENT INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INVESTIGATION INVESTMENT PROJECTS LAWYERS LOAN LOCAL GOVERNMENTS LOW-INCOME COUNTRIES MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC VARIABLES MULTILATERAL DEVELOPMENT MULTILATERAL DEVELOPMENT BANKS OUTPUT OUTPUTS PATRONAGE POLITICAL RISK POLITICAL SYSTEM PORTFOLIO PORTFOLIO MANAGEMENT PORTFOLIO PERFORMANCE PRESENT VALUE PRIVATE SECTOR DEVELOPMENT PROCUREMENT PRODUCTIVITY PROPERTY RIGHTS PUBLIC COMPANIES PUBLIC INVESTMENT RATE OF RETURN RULE OF LAW RURAL DEVELOPMENT SANCTIONS SOCIAL DEVELOPMENT SOCIAL PROTECTION STATISTICAL ANALYSIS STRUCTURAL ADJUSTMENT TECHNICAL ASSISTANCE TELECOMMUNICATIONS TELECOMMUNICATIONS INFRASTRUCTURE TRANSPORT URBAN DEVELOPMENT VOLATILE ECONOMY VOLATILITY WORLD DEVELOPMENT INDICATORS Limodio, Nicola The Success of Infrastructure Projects in Low-Income Countries and the Role of Selectivity
geographic_facet	The World Region The World Region
relation	Policy Research working paper ; no. WPS 5694
description	This research analyzes the success of the infrastructure projects financed by the World Bank, focusing on the causal link between the quality of project implementation and its outcome. The results show that the success of infrastructure projects depends fundamentally on the quality of implementation. Although bad implementation can harm structurally solid projects, good implementation cannot make structurally weak projects successful. This leads to the conclusion that governance and selection of well-designed projects are essential for success and, in order to improve project outcomes, multilateral development banks may need to align their incentives toward this objective and invest more in governance and capacity building.
format	Publications & Research :: Policy Research Working Paper
author	Limodio, Nicola
author_facet	Limodio, Nicola
author_sort	Limodio, Nicola
title	The Success of Infrastructure Projects in Low-Income Countries and the Role of Selectivity
title_short	The Success of Infrastructure Projects in Low-Income Countries and the Role of Selectivity
title_full	The Success of Infrastructure Projects in Low-Income Countries and the Role of Selectivity
title_fullStr	The Success of Infrastructure Projects in Low-Income Countries and the Role of Selectivity
title_full_unstemmed	The Success of Infrastructure Projects in Low-Income Countries and the Role of Selectivity
title_sort	success of infrastructure projects in low-income countries and the role of selectivity
publishDate	2012
url	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110620135046 http://hdl.handle.net/10986/3458
_version_	1764387032236294144

The Success of Infrastructure Projects in Low-Income Countries and the Role of Selectivity

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