Economic Analysis of World Bank Education Projects and Project Outcomes
Research reported in this paper tests the hypothesis that Bank education projects for which the project appraisal documents are judged "good" have a higher probability of leading to successful outcomes than projects for which the appraisa...
Main Authors: | , , , |
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Format: | Policy Research Working Paper |
Language: | English en_US |
Published: |
World Bank, Washington, DC
2014
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Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/2001/03/1047387/economic-analysis-world-bank-education-projects-project-outcomes http://hdl.handle.net/10986/19686 |
Summary: | Research reported in this paper tests
the hypothesis that Bank education projects for which the
project appraisal documents are judged "good" have
a higher probability of leading to successful outcomes than
projects for which the appraisals are judged
"poor." The research draws on project document
evaluations carried out between 1993 and 1998. Analysis
shows a strong relationship between the quality of
cost-benefit and cost-effectiveness analysis and the quality
of project outcomes. Economic analysis of projects is a tool
for weeding out potentially poor investments and selecting
potentially worthwhile ones. The economic analysis can be
used to select among alternative projects or to redesign
project components so that they yield more and produce
better outcomes. Good practice education projects require
good economic analysis--analysis of demand, of the
counterfactual private sector supply, of the project's
fiscal impact, of lending fungibility--and strong sector
work before project design. |
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