Revisiting the Relevance of the World Bank's Country Policy and Institutional Assessment on Economic Growth

Revisiting the Relevance of the World Bank's Country Policy and Institutional Assessment on Economic Growth

We revisit the relevance of the World Bank’s Country Policy and Institutional Assessment (CPIA)against growth performance, with attention to possible biases arising from qualitative andquantitative changes in the CPIA methodology. The CPIA, introdu...

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Main Authors: Gonzalez, Christian Yves, Nishiuchi, Toru
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2018
Subjects:
COUNTRY POLICY AND INSTITUTIONAL ASSESSMENT
CPIA
ECONOMIC GROWTH
SOCIAL POLICY
EMPIRICAL STUDY
Online Access:http://documents.worldbank.org/curated/en/342391544127883339/Revisiting-the-Relevance-of-the-World-Banks-Country-Policy-and-Institutional-Assessment-CPIA-on-Economic-Growth
http://hdl.handle.net/10986/31060
id okr-10986-31060
recordtype oai_dc
spelling okr-10986-310602021-05-25T09:20:39Z Revisiting the Relevance of the World Bank's Country Policy and Institutional Assessment on Economic Growth Gonzalez, Christian Yves Nishiuchi, Toru COUNTRY POLICY AND INSTITUTIONAL ASSESSMENT CPIA ECONOMIC GROWTH SOCIAL POLICY EMPIRICAL STUDY We revisit the relevance of the World Bank’s Country Policy and Institutional Assessment (CPIA)against growth performance, with attention to possible biases arising from qualitative andquantitative changes in the CPIA methodology. The CPIA, introduced in the late 1970s, had aseries of extensive revisions in the late 1980s and the early 1990s, placing more emphasis oninstitutional capacity and social policies. We reexamine a claim by previous studies that the CPIAis weakly relevant for economic performance, by running cross-country growth regressions with apanel dataset covering 146 countries between 1995 and 2015, a period over which the CPIA iscomparable. By addressing the possible biases arising from the methodological changes, we showthat the CPIA is a good predictor for future growth. 2018-12-20T21:24:23Z 2018-12-20T21:24:23Z 2018-12-01 Working Paper http://documents.worldbank.org/curated/en/342391544127883339/Revisiting-the-Relevance-of-the-World-Banks-Country-Policy-and-Institutional-Assessment-CPIA-on-Economic-Growth http://hdl.handle.net/10986/31060 English MTI Discussion Paper,no. 9; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & 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 COUNTRY POLICY AND INSTITUTIONAL ASSESSMENT
CPIA
ECONOMIC GROWTH
SOCIAL POLICY
EMPIRICAL STUDY
spellingShingle COUNTRY POLICY AND INSTITUTIONAL ASSESSMENT
CPIA
ECONOMIC GROWTH
SOCIAL POLICY
EMPIRICAL STUDY
Gonzalez, Christian Yves
Nishiuchi, Toru
Revisiting the Relevance of the World Bank's Country Policy and Institutional Assessment on Economic Growth
relation MTI Discussion Paper,no. 9;
description We revisit the relevance of the World Bank’s Country Policy and Institutional Assessment (CPIA)against growth performance, with attention to possible biases arising from qualitative andquantitative changes in the CPIA methodology. The CPIA, introduced in the late 1970s, had aseries of extensive revisions in the late 1980s and the early 1990s, placing more emphasis oninstitutional capacity and social policies. We reexamine a claim by previous studies that the CPIAis weakly relevant for economic performance, by running cross-country growth regressions with apanel dataset covering 146 countries between 1995 and 2015, a period over which the CPIA iscomparable. By addressing the possible biases arising from the methodological changes, we showthat the CPIA is a good predictor for future growth.
format Working Paper
author Gonzalez, Christian Yves
Nishiuchi, Toru
author_facet Gonzalez, Christian Yves
Nishiuchi, Toru
author_sort Gonzalez, Christian Yves
title Revisiting the Relevance of the World Bank's Country Policy and Institutional Assessment on Economic Growth
title_short Revisiting the Relevance of the World Bank's Country Policy and Institutional Assessment on Economic Growth
title_full Revisiting the Relevance of the World Bank's Country Policy and Institutional Assessment on Economic Growth
title_fullStr Revisiting the Relevance of the World Bank's Country Policy and Institutional Assessment on Economic Growth
title_full_unstemmed Revisiting the Relevance of the World Bank's Country Policy and Institutional Assessment on Economic Growth
title_sort revisiting the relevance of the world bank's country policy and institutional assessment on economic growth
publisher World Bank, Washington, DC
publishDate 2018
url http://documents.worldbank.org/curated/en/342391544127883339/Revisiting-the-Relevance-of-the-World-Banks-Country-Policy-and-Institutional-Assessment-CPIA-on-Economic-Growth
http://hdl.handle.net/10986/31060
_version_ 1764473462093512704

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