Association of World Bank Policy Lending with Social Development Policies and Institutions

Association of World Bank Policy Lending with Social Development Policies and Institutions

Do World Bank policy loans that are focused on social policy reform help improve social policies and institutions in borrower countries? To help answer this question, this paper provides new empirical evidence of the association between World Bank...

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Bibliographic Details
Main Authors: Bogetic, Zeljko, Smets, Lodewijk
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2017
Subjects:
POLICY LENDING
BUDGET SUPPORT
SOCIAL DEVELOPMENT
AID EFFECTIVENESS
EQUITY
SHARED PROSPERITY
Online Access:http://documents.worldbank.org/curated/en/137731511894057714/Association-of-World-Bank-policy-lending-with-social-development-policies-and-institutions
http://hdl.handle.net/10986/28924
id okr-10986-28924
recordtype oai_dc
spelling okr-10986-289242021-06-08T14:42:47Z Association of World Bank Policy Lending with Social Development Policies and Institutions Bogetic, Zeljko Smets, Lodewijk POLICY LENDING BUDGET SUPPORT SOCIAL DEVELOPMENT AID EFFECTIVENESS EQUITY SHARED PROSPERITY Do World Bank policy loans that are focused on social policy reform help improve social policies and institutions in borrower countries? To help answer this question, this paper provides new empirical evidence of the association between World Bank policy lending and measures of the quality of borrower countries' social policies and institutions that such lending supports. Results from estimating a two-stage least squares model indicate that the World Bank's policy lending has a significantly positive effect on the quality of social policies and institutions. The analysis also finds tentative evidence that loan conditions related to social protection and environmental sustainability are more effective in influencing social policies and institutions than those related to equity of public resource use and health and education. In general, the findings are confirmed when estimating a model with a lagged variable of interest. The results suggest that the right kind of conditionality can help improve social policies, therefore providing an important lever for reaching the twin goals of ending extreme poverty and stimulating shared prosperity. 2017-12-01T18:13:29Z 2017-12-01T18:13:29Z 2017-11 Working Paper http://documents.worldbank.org/curated/en/137731511894057714/Association-of-World-Bank-policy-lending-with-social-development-policies-and-institutions http://hdl.handle.net/10986/28924 English Policy Research Working Paper;No. 8263 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
topic POLICY LENDING
BUDGET SUPPORT
SOCIAL DEVELOPMENT
AID EFFECTIVENESS
EQUITY
SHARED PROSPERITY
spellingShingle POLICY LENDING
BUDGET SUPPORT
SOCIAL DEVELOPMENT
AID EFFECTIVENESS
EQUITY
SHARED PROSPERITY
Bogetic, Zeljko
Smets, Lodewijk
Association of World Bank Policy Lending with Social Development Policies and Institutions
relation Policy Research Working Paper;No. 8263
description Do World Bank policy loans that are focused on social policy reform help improve social policies and institutions in borrower countries? To help answer this question, this paper provides new empirical evidence of the association between World Bank policy lending and measures of the quality of borrower countries' social policies and institutions that such lending supports. Results from estimating a two-stage least squares model indicate that the World Bank's policy lending has a significantly positive effect on the quality of social policies and institutions. The analysis also finds tentative evidence that loan conditions related to social protection and environmental sustainability are more effective in influencing social policies and institutions than those related to equity of public resource use and health and education. In general, the findings are confirmed when estimating a model with a lagged variable of interest. The results suggest that the right kind of conditionality can help improve social policies, therefore providing an important lever for reaching the twin goals of ending extreme poverty and stimulating shared prosperity.
format Working Paper
author Bogetic, Zeljko
Smets, Lodewijk
author_facet Bogetic, Zeljko
Smets, Lodewijk
author_sort Bogetic, Zeljko
title Association of World Bank Policy Lending with Social Development Policies and Institutions
title_short Association of World Bank Policy Lending with Social Development Policies and Institutions
title_full Association of World Bank Policy Lending with Social Development Policies and Institutions
title_fullStr Association of World Bank Policy Lending with Social Development Policies and Institutions
title_full_unstemmed Association of World Bank Policy Lending with Social Development Policies and Institutions
title_sort association of world bank policy lending with social development policies and institutions
publisher World Bank, Washington, DC
publishDate 2017
url http://documents.worldbank.org/curated/en/137731511894057714/Association-of-World-Bank-policy-lending-with-social-development-policies-and-institutions
http://hdl.handle.net/10986/28924
_version_ 1764468044404359168

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