Investing in Human Capital : What Can We Learn from the World Bank's Portfolio Data?

This paper compiles project-level data from the World Bank's lending history to describe patterns and the composition of its portfolio. The paper focuses particularly on the effect of countries' transition from International Development A...

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Main Authors:	Gatti, Roberta, Mohpal, Aakash
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	HUMAN CAPITAL AID ALLOCATION WORLD BANK PORTFOLIO WORLD BANK LENDING HUMAN DEVELOPMENT IDA GRADUATION
Online Access:	http://documents.worldbank.org/curated/en/388051548251274535/Investing-in-Human-Capital-What-Can-We-Learn-from-the-World-Banks-Portfolio-Data http://hdl.handle.net/10986/31184

id	okr-10986-31184
recordtype	oai_dc
spelling	okr-10986-311842022-06-19T12:15:53Z Investing in Human Capital : What Can We Learn from the World Bank's Portfolio Data? Gatti, Roberta Mohpal, Aakash HUMAN CAPITAL AID ALLOCATION WORLD BANK PORTFOLIO WORLD BANK LENDING HUMAN DEVELOPMENT IDA GRADUATION This paper compiles project-level data from the World Bank's lending history to describe patterns and the composition of its portfolio. The paper focuses particularly on the effect of countries' transition from International Development Association to International Bank for Reconstruction and Development status, which marks the point when countries start borrowing at near market rates, on lending for human development sectors (education, health and social protection). Using country and year fixed effects, which account for unobservable country characteristics (for example, national priorities) and time effects (for example, market interest rates), the paper finds that human development lending decreases when countries graduate from the International Development Association. The average difference in the binary indicator of lending for any sector is 27 percent while it is 60 percent for human development sectors. The share of human development lending (lending by human development Global Practices over total lending) is also 6.9 percentage points (30 percent) lower. This decline in human development lending in International Bank for Reconstruction and Development countries is accompanied by a greater use of budget support. The results are robust to controlling for non-World Bank aid, as well as various alternative specifications and estimation samples. 2019-01-31T23:29:58Z 2019-01-31T23:29:58Z 2019-01 Working Paper http://documents.worldbank.org/curated/en/388051548251274535/Investing-in-Human-Capital-What-Can-We-Learn-from-the-World-Banks-Portfolio-Data http://hdl.handle.net/10986/31184 English Policy Research Working Paper;No. 8716 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	HUMAN CAPITAL AID ALLOCATION WORLD BANK PORTFOLIO WORLD BANK LENDING HUMAN DEVELOPMENT IDA GRADUATION
spellingShingle	HUMAN CAPITAL AID ALLOCATION WORLD BANK PORTFOLIO WORLD BANK LENDING HUMAN DEVELOPMENT IDA GRADUATION Gatti, Roberta Mohpal, Aakash Investing in Human Capital : What Can We Learn from the World Bank's Portfolio Data?
relation	Policy Research Working Paper;No. 8716
description	This paper compiles project-level data from the World Bank's lending history to describe patterns and the composition of its portfolio. The paper focuses particularly on the effect of countries' transition from International Development Association to International Bank for Reconstruction and Development status, which marks the point when countries start borrowing at near market rates, on lending for human development sectors (education, health and social protection). Using country and year fixed effects, which account for unobservable country characteristics (for example, national priorities) and time effects (for example, market interest rates), the paper finds that human development lending decreases when countries graduate from the International Development Association. The average difference in the binary indicator of lending for any sector is 27 percent while it is 60 percent for human development sectors. The share of human development lending (lending by human development Global Practices over total lending) is also 6.9 percentage points (30 percent) lower. This decline in human development lending in International Bank for Reconstruction and Development countries is accompanied by a greater use of budget support. The results are robust to controlling for non-World Bank aid, as well as various alternative specifications and estimation samples.
format	Working Paper
author	Gatti, Roberta Mohpal, Aakash
author_facet	Gatti, Roberta Mohpal, Aakash
author_sort	Gatti, Roberta
title	Investing in Human Capital : What Can We Learn from the World Bank's Portfolio Data?
title_short	Investing in Human Capital : What Can We Learn from the World Bank's Portfolio Data?
title_full	Investing in Human Capital : What Can We Learn from the World Bank's Portfolio Data?
title_fullStr	Investing in Human Capital : What Can We Learn from the World Bank's Portfolio Data?
title_full_unstemmed	Investing in Human Capital : What Can We Learn from the World Bank's Portfolio Data?
title_sort	investing in human capital : what can we learn from the world bank's portfolio data?
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/388051548251274535/Investing-in-Human-Capital-What-Can-We-Learn-from-the-World-Banks-Portfolio-Data http://hdl.handle.net/10986/31184
_version_	1764473766579011584

Investing in Human Capital : What Can We Learn from the World Bank's Portfolio Data?

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