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Improving upon the World Bank's Country Policy and Institutional Assessment: A New Performance Indicator Based on Aid Effectiveness

 

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Type:   Article
 
Titre:   Improving upon the World Bank's Country Policy and Institutional Assessment: A New Performance Indicator Based on Aid Effectiveness
 
Auteur(s):   Cage, Julia (1984-...) - Département d'économie (Auteur)
 
In:   Journal of Globalization and Development
 
Date de publication:   2015-02
 
Éditeur:   Verlag Walter de Gruyter
 
Pages:   1-21  p.
 
ISSN:   21946353
 
DOI:   10.1515/jgd-2013-0007
 
Mots-clés:   [en] Conditionality, Development Aid Allocation, Performance Criteria, Selectivity, World Bank's CPIA
 
JEL:   F35,  H50,  O10,  O19
 
Résumé:   [en] This article questions the relevance of the different measures of policy performance that are currently used by international organizations to allocate development aid. It evaluates more especially the pertinence of the World Bank’s Country Policy and Institutional Assessment (CPIA). Using a cross-country panel dataset over 146 countries between 1977 and 2008, I show that while the CPIA is correlated with current growth, it is not a good predictor for future growth. I then discuss the relevance of several instruments for aid allocation. In particular, I propose a performance indicator based on “aid effectiveness” to allocate aid selectively, and discuss a new way of assessing time-varying aid effectiveness.
 
 

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