Does the World Bank Foster Business?

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...

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Bibliographic Details
Main Authors: Giordano, Raffaela, Pagano, Patrizio
Format: Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2017
Subjects:
DEVELOPMENT POLICY LENDING
DOING BUSINESS
BUSINESS ENVIRONMENT
REGULATION
ACCESS TO FINANCE
ENGAGEMENT
Online Access:http://documents.worldbank.org/curated/en/806851493402224766/Does-the-World-Bank-foster-business
http://hdl.handle.net/10986/26499
id okr-10986-26499
recordtype oai_dc
spelling okr-10986-264992021-06-08T14:42:45Z Does the World Bank Foster Business? Giordano, Raffaela Pagano, Patrizio DEVELOPMENT POLICY LENDING DOING BUSINESS BUSINESS ENVIRONMENT REGULATION ACCESS TO FINANCE ENGAGEMENT 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. 2017-05-04T19:10:31Z 2017-05-04T19:10:31Z 2017-04 Working Paper http://documents.worldbank.org/curated/en/806851493402224766/Does-the-World-Bank-foster-business http://hdl.handle.net/10986/26499 English en_US Policy Research Working Paper;No. 8047 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
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 DEVELOPMENT POLICY LENDING
DOING BUSINESS
BUSINESS ENVIRONMENT
REGULATION
ACCESS TO FINANCE
ENGAGEMENT
spellingShingle DEVELOPMENT POLICY LENDING
DOING BUSINESS
BUSINESS ENVIRONMENT
REGULATION
ACCESS TO FINANCE
ENGAGEMENT
Giordano, Raffaela
Pagano, Patrizio
Does the World Bank Foster Business?
relation Policy Research Working Paper;No. 8047
description 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.
format Working Paper
author Giordano, Raffaela
Pagano, Patrizio
author_facet Giordano, Raffaela
Pagano, Patrizio
author_sort Giordano, Raffaela
title Does the World Bank Foster Business?
title_short Does the World Bank Foster Business?
title_full Does the World Bank Foster Business?
title_fullStr Does the World Bank Foster Business?
title_full_unstemmed Does the World Bank Foster Business?
title_sort does the world bank foster business?
publisher World Bank, Washington, DC
publishDate 2017
url http://documents.worldbank.org/curated/en/806851493402224766/Does-the-World-Bank-foster-business
http://hdl.handle.net/10986/26499
_version_ 1764462245685755904

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