Does the World Bank Foster Business?

27 Pages Posted: 1 May 2017

Date Written: April 28, 2017

Abstract

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.

Keywords: Marketing, Consumption, Private Sector Economics, Fiscal & Monetary Policy, Private Sector Development Law

Suggested Citation

Giordano, Raffaela and Pagano, Patrizio, Does the World Bank Foster Business? (April 28, 2017). World Bank Policy Research Working Paper No. 8047, Available at SSRN: https://ssrn.com/abstract=2960425

Raffaela Giordano (Contact Author)

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

Patrizio Pagano

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

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