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

Julia Cagé

Post-Print from HAL

Abstract: 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.

Keywords: Conditionality; Development Aid Allocation; Performance Criteria; Selectivity; World Bank's CPIA (search for similar items in EconPapers)
Date: 2015-02
References: Add references at CitEc
Citations:

Published in Journal of Globalization and Development, 2015, pp.1 - 21. ⟨10.1515/jgd-2013-0007⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: Improving upon the World Bank's Country Policy and Institutional Assessment: A New Performance Indicator Based on Aid Effectiveness (2015)
Journal Article: Improving upon the World Bank’s Country Policy and Institutional Assessment: A New Performance Indicator Based on Aid Effectiveness (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03392998

DOI: 10.1515/jgd-2013-0007

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().