An Evaluation of World Bank Research, 1998 - 2005

165 Pages Posted: 12 Apr 2017

See all articles by Abhijit V. Banerjee

Abhijit V. Banerjee

Massachusetts Institute of Technology (MIT) - Department of Economics

Angus Deaton

Princeton University; National Bureau of Economic Research (NBER)

Nora Lustig

Tulane University

Kenneth Rogoff

Harvard University - Department of Economics; National Bureau of Economic Research (NBER)

Edward Hsu

World Bank - International Finance Corporation (IFC)

Date Written: September 24, 2006

Abstract

This evaluation of World Bank research between 1998 and 2005 was carried out by a panel consisting of Abhijit Banerjee (MIT), Angus Deaton (Princeton, chair), Nora Lustig (UNDP), and Kenneth Rogoff (Harvard.) The panel selected a large random sample of research projects, which were read and assessed by a team of 25 evaluators. Panel members also solicited views from current and past Bank staff, as well as from policy makers and academics in developing countries.

Based on the evidence we assembled, the interviews we conducted, and our own consideration, the panel concluded that the World Bank needs a research department, and that its research needs cannot be fully met by hiring in from the outside. Research is a central part of quality control in the Bank, and is crucial to its claim to be a “Knowledge Bank.” Without a research-based ability to learn from its projects and policies, the Bank could not maintain its role as the world’s leading development agency. The 2.5 percent of its administrative budget that the Bank spends on research is surely too low given the multiplicity of tasks that research is expected to fulfill, including the generation of new knowledge about development, the collection and dissemination of data, the generation of knowledge to support guide Bank strategy, operational support, and capacity building in client countries. As the world becomes richer, and already today among middle income countries, the need for high-quality, research-based advice will only become stronger as the need for Bank lending diminishes.

Suggested Citation

Banerjee, Abhijit V. and Deaton, Angus S. and Lustig, Nora Claudia and Rogoff, Kenneth S. and Hsu, Edward, An Evaluation of World Bank Research, 1998 - 2005 (September 24, 2006). Available at SSRN: https://ssrn.com/abstract=2950327 or http://dx.doi.org/10.2139/ssrn.2950327

Abhijit V. Banerjee

Massachusetts Institute of Technology (MIT) - Department of Economics ( email )

50 Memorial Drive
Room E52-252D
Cambridge, MA 02142
United States
617-253-8855 (Phone)
617-253-6915 (Fax)

Angus S. Deaton

Princeton University ( email )

Woodrow Wilson School
Princeton, NJ 08544
United States
609-258-5967 (Phone)
609-258-5974 (Fax)

HOME PAGE: http://www.wws.princeton.edu/~deaton

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Nora Claudia Lustig (Contact Author)

Tulane University ( email )

6823 St Charles Ave
New Orleans, LA 70118
United States

Kenneth S. Rogoff

Harvard University - Department of Economics ( email )

Littauer Center
Room 232
Cambridge, MA 02138
United States
617-495-4022 (Phone)
617-495-7730 (Fax)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Edward Hsu

World Bank - International Finance Corporation (IFC)

2121 Pennsylvania Avenue, NW
Washington, DC 20433
United States

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