Good Countries or Good Projects? Comparing Macro and Micro Correlates of World Bank and Asian Development Bank Project Performance

29 Pages Posted: 20 Apr 2016

See all articles by David Janoff Bulman

David Janoff Bulman

Harvard University - Harvard Kennedy School (HKS)

Walter Kolkma

Asian Development Bank

Aart Kraay

World Bank - Development Research Group (DECRG)

Date Written: April 21, 2015

Abstract

This paper examines the micro and macro correlates of aid project outcomes in a sample of 3,821 World Bank projects and 1,342 Asian Development Bank projects. Project outcomes vary much more within countries than between countries: country-level characteristics explain only 10?25 percent of project outcomes. Among macro variables, country growth and the policy environment are significantly positively correlated with project outcomes. Among micro variables, shorter project duration and the presence of additional financing are significantly correlated with better project outcomes. In addition, the track record of the project manager in delivering successful projects is highly significantly correlated with project outcomes. There are few significant differences between the two institutions in the relationship between these variables and project outcomes.

Keywords: Non Governmental Organizations, Economics and Institutions, Public Sector Management and Reform

Suggested Citation

Bulman, David Janoff and Kolkma, Walter and Kraay, Aart, Good Countries or Good Projects? Comparing Macro and Micro Correlates of World Bank and Asian Development Bank Project Performance (April 21, 2015). World Bank Policy Research Working Paper No. 7245. Available at SSRN: https://ssrn.com/abstract=2597415

David Janoff Bulman (Contact Author)

Harvard University - Harvard Kennedy School (HKS)

79 John F. Kennedy Street
Cambridge, MA 02138
United States

Walter Kolkma

Asian Development Bank

6 ADB Avenue, Mandaluyong City 1550
Metro Manila
Philippines

Aart Kraay

World Bank - Development Research Group (DECRG) ( email )

1818 H. Street, N.W.
MSN3-311
Washington, DC 20433
United States
202-473-5756 (Phone)
202-522-3518 (Fax)

HOME PAGE: http://econ.worldbank.org/staff/akraay

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