Does the World Bank have any Impact on Human Development of the Poorest Countries? Some Preliminary Evidence from Africa
Sumon K. Bhaumik
Aston University - Aston Business School; Institute for the Study of Labor (IZA); University of Michigan at Ann Arbor - Stephen M. Ross School of Business, William Davidson Institute
Economic Systems, Forthcoming
William Davidson Institute Working Paper No. 784
In an attempt to better understand the impact of the World Bank on human development in poor countries, we use cross-country data on African countries, for the 1990-2002 period, to examine this relationship. The coefficient estimates of our parsimonious fixed-effects models indicate that while loans and grants of the Bank have had a positive impact on some relatively short-term indicators of health and education in an average African country, there is little evidence to suggest that such loans and grants have helped these countries to consolidate on the short-term gains.
Keywords: Development, health, education, world bank, Africa
JEL Classification: O15, O19, O55, P45Accepted Paper Series
Date posted: October 13, 2005
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