How Has Environment Mattered? An Analysis of World Bank Resource Allocation
How has environment mattered for the World Bank? The aggregate figures suggest that it has mattered a great deal, since the Bank's total environmental lending has exceeded $US 9 billion over the past six years. In this paper the authors use ne...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, D.C.
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2004/04/3347169/environment-mattered-analysis-world-bank-resource-allocation http://hdl.handle.net/10986/14753 |
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okr-10986-147532021-04-23T14:03:20Z How Has Environment Mattered? An Analysis of World Bank Resource Allocation Acharya, Anjali Ijjasz-Vasquez, Ede Jorge Hamilton, Kirk Buys, Piet Dasgupta, Susmita Meisner, Craig Pandey, Kiran Wheeler, David BANK'S CATALYTIC ROLE ENVIRONMENTAL ASPECTS OF ECONOMIC DEVELOPMENT STATISTICAL DATA AGGREGATE VARIABILITY ENVIRONMENTAL MANAGEMENT & PLANNING BANK'S LENDING EXPOSURE CROSS-COUNTRY EXPERIENCE ECONOMIC & SECTOR WORK ADVISORY ROLES POLLUTION CONTROL EMISSION CONTROL BIODIVERSITY CONSERVATION WATER RESOURCES INSTITUTIONAL FRAMEWORK PERFORMANCE INDICATORS BANK'S RESPONSIVENESS TO CLIENTS NEEDS ENVIRONMENTAL INDICATORS AGRICULTURE AIR POLLUTION BANK INVESTMENTS BANK LENDING CARBON CLIMATE CHANGE CORRELATION ANALYSIS DIMINISHING RETURNS ELASTICITIES ELASTICITY EMISSIONS ENVIRONMENTAL ACCOUNTING ENVIRONMENTAL IMPROVEMENT ENVIRONMENTAL MANAGEMENT ENVIRONMENTAL POLICY ENVIRONMENTAL PROBLEM ENVIRONMENTAL PROBLEMS EXCESS DEMAND FISCAL YEAR FRAGILE LANDS GROWTH RATE INSTITUTIONAL DEVELOPMENT OPTIMIZATION POLLUTION REGRESSION ANALYSIS RESOURCE ALLOCATION RESOURCE ALLOCATIONS RURAL POPULATION SAVINGS TRANSPORT VALUATION WATER POLLUTION WELFARE FUNCTION WELFARE GAINS How has environment mattered for the World Bank? The aggregate figures suggest that it has mattered a great deal, since the Bank's total environmental lending has exceeded $US 9 billion over the past six years. In this paper the authors use newly available data to address a more precise version of the question: Across countries and themes, how well has the Bank's environmental lending and analytical and advisory activities (AAA) matched the incidence of environmental problems? For their assessment, the authors extend their previous work on local pollution and fragile lands (Buys and others 2003) to consideration of global emissions, biodiversity, water resources, and institutional development. They construct cross-country problem indicators for each environmental theme and combine them with country risk measures to estimate optimal thematic lending and AAA for each country. The authors then compare their estimates with actual lending and AAA to assess the match between environmental problems and the Bank's response. The authors begin by constructing an overall indicator of environmental problems from their thematic indicators. Using regression analysis, they find a strong relationship between countries' general indicator values and the scale of their environmental borrowing, but a relatively weak relationship for AAA. At the thematic level, the authors find that problem indicators have relatively weak relationships with both lending and AAA. Adding country risk to the analysis, they test an optimal allocation model and find that it is consistent with the Bank's actual lending and AAA since 1998. The authors conclude that their model's assignment of lending and AAA to countries reflects the Bank's actual experience with partner countries. The model's explanatory power is relatively low, however, and when they compare model assignments to actual allocations, the authors find many large discrepancies for countries and environmental themes. Some gaps may reflect activity by other donor institutions, but many others may represent problems with efficient implementation of the Bank's Environment Strategy. To promote further discussion of this issue, the authors use their optimal allocation model to develop measures of lending opportunity by environmental theme for the Bank's partner countries. 2013-08-01T20:17:52Z 2013-08-01T20:17:52Z 2004-04 http://documents.worldbank.org/curated/en/2004/04/3347169/environment-mattered-analysis-world-bank-resource-allocation http://hdl.handle.net/10986/14753 English en_US Policy Research Working Paper;No.3269 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, D.C. Publications & Research :: Policy Research Working Paper Publications & Research |
| 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 |
BANK'S CATALYTIC ROLE ENVIRONMENTAL ASPECTS OF ECONOMIC DEVELOPMENT STATISTICAL DATA AGGREGATE VARIABILITY ENVIRONMENTAL MANAGEMENT & PLANNING BANK'S LENDING EXPOSURE CROSS-COUNTRY EXPERIENCE ECONOMIC & SECTOR WORK ADVISORY ROLES POLLUTION CONTROL EMISSION CONTROL BIODIVERSITY CONSERVATION WATER RESOURCES INSTITUTIONAL FRAMEWORK PERFORMANCE INDICATORS BANK'S RESPONSIVENESS TO CLIENTS NEEDS ENVIRONMENTAL INDICATORS AGRICULTURE AIR POLLUTION BANK INVESTMENTS BANK LENDING CARBON CLIMATE CHANGE CORRELATION ANALYSIS DIMINISHING RETURNS ELASTICITIES ELASTICITY EMISSIONS ENVIRONMENTAL ACCOUNTING ENVIRONMENTAL IMPROVEMENT ENVIRONMENTAL MANAGEMENT ENVIRONMENTAL POLICY ENVIRONMENTAL PROBLEM ENVIRONMENTAL PROBLEMS EXCESS DEMAND FISCAL YEAR FRAGILE LANDS GROWTH RATE INSTITUTIONAL DEVELOPMENT OPTIMIZATION POLLUTION REGRESSION ANALYSIS RESOURCE ALLOCATION RESOURCE ALLOCATIONS RURAL POPULATION SAVINGS TRANSPORT VALUATION WATER POLLUTION WELFARE FUNCTION WELFARE GAINS |
| spellingShingle |
BANK'S CATALYTIC ROLE ENVIRONMENTAL ASPECTS OF ECONOMIC DEVELOPMENT STATISTICAL DATA AGGREGATE VARIABILITY ENVIRONMENTAL MANAGEMENT & PLANNING BANK'S LENDING EXPOSURE CROSS-COUNTRY EXPERIENCE ECONOMIC & SECTOR WORK ADVISORY ROLES POLLUTION CONTROL EMISSION CONTROL BIODIVERSITY CONSERVATION WATER RESOURCES INSTITUTIONAL FRAMEWORK PERFORMANCE INDICATORS BANK'S RESPONSIVENESS TO CLIENTS NEEDS ENVIRONMENTAL INDICATORS AGRICULTURE AIR POLLUTION BANK INVESTMENTS BANK LENDING CARBON CLIMATE CHANGE CORRELATION ANALYSIS DIMINISHING RETURNS ELASTICITIES ELASTICITY EMISSIONS ENVIRONMENTAL ACCOUNTING ENVIRONMENTAL IMPROVEMENT ENVIRONMENTAL MANAGEMENT ENVIRONMENTAL POLICY ENVIRONMENTAL PROBLEM ENVIRONMENTAL PROBLEMS EXCESS DEMAND FISCAL YEAR FRAGILE LANDS GROWTH RATE INSTITUTIONAL DEVELOPMENT OPTIMIZATION POLLUTION REGRESSION ANALYSIS RESOURCE ALLOCATION RESOURCE ALLOCATIONS RURAL POPULATION SAVINGS TRANSPORT VALUATION WATER POLLUTION WELFARE FUNCTION WELFARE GAINS Acharya, Anjali Ijjasz-Vasquez, Ede Jorge Hamilton, Kirk Buys, Piet Dasgupta, Susmita Meisner, Craig Pandey, Kiran Wheeler, David How Has Environment Mattered? An Analysis of World Bank Resource Allocation |
| relation |
Policy Research Working Paper;No.3269 |
| description |
How has environment mattered for the
World Bank? The aggregate figures suggest that it has
mattered a great deal, since the Bank's total
environmental lending has exceeded $US 9 billion over the
past six years. In this paper the authors use newly
available data to address a more precise version of the
question: Across countries and themes, how well has the
Bank's environmental lending and analytical and
advisory activities (AAA) matched the incidence of
environmental problems? For their assessment, the authors
extend their previous work on local pollution and fragile
lands (Buys and others 2003) to consideration of global
emissions, biodiversity, water resources, and institutional
development. They construct cross-country problem indicators
for each environmental theme and combine them with country
risk measures to estimate optimal thematic lending and AAA
for each country. The authors then compare their estimates
with actual lending and AAA to assess the match between
environmental problems and the Bank's response. The
authors begin by constructing an overall indicator of
environmental problems from their thematic indicators. Using
regression analysis, they find a strong relationship between
countries' general indicator values and the scale of
their environmental borrowing, but a relatively weak
relationship for AAA. At the thematic level, the authors
find that problem indicators have relatively weak
relationships with both lending and AAA. Adding country risk
to the analysis, they test an optimal allocation model and
find that it is consistent with the Bank's actual
lending and AAA since 1998. The authors conclude that their
model's assignment of lending and AAA to countries
reflects the Bank's actual experience with partner
countries. The model's explanatory power is relatively
low, however, and when they compare model assignments to
actual allocations, the authors find many large
discrepancies for countries and environmental themes. Some
gaps may reflect activity by other donor institutions, but
many others may represent problems with efficient
implementation of the Bank's Environment Strategy. To
promote further discussion of this issue, the authors use
their optimal allocation model to develop measures of
lending opportunity by environmental theme for the
Bank's partner countries. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Acharya, Anjali Ijjasz-Vasquez, Ede Jorge Hamilton, Kirk Buys, Piet Dasgupta, Susmita Meisner, Craig Pandey, Kiran Wheeler, David |
| author_facet |
Acharya, Anjali Ijjasz-Vasquez, Ede Jorge Hamilton, Kirk Buys, Piet Dasgupta, Susmita Meisner, Craig Pandey, Kiran Wheeler, David |
| author_sort |
Acharya, Anjali |
| title |
How Has Environment Mattered? An Analysis of World Bank Resource Allocation |
| title_short |
How Has Environment Mattered? An Analysis of World Bank Resource Allocation |
| title_full |
How Has Environment Mattered? An Analysis of World Bank Resource Allocation |
| title_fullStr |
How Has Environment Mattered? An Analysis of World Bank Resource Allocation |
| title_full_unstemmed |
How Has Environment Mattered? An Analysis of World Bank Resource Allocation |
| title_sort |
how has environment mattered? an analysis of world bank resource allocation |
| publisher |
World Bank, Washington, D.C. |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2004/04/3347169/environment-mattered-analysis-world-bank-resource-allocation http://hdl.handle.net/10986/14753 |
| _version_ |
1764430047693766656 |