World Bank Independence: A Model and Statistical Analysis of U.S. Influence
Robert K. Fleck (),
Christopher Kilby and
Robert K. Fleck
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Robert K. Fleck: Montana State University Department of Agricultural Economics and Economics
Authors registered in the RePEc Author Service: Robert Kenneth Fleck ()
No 53, Vassar College Department of Economics Working Paper Series from Vassar College Department of Economics
Abstract:
This paper develops a model to test whether World Bank lending caters to U.S. interests. We use country-level panel data to examine the geographic distribution of World Bank lending to 110 countries from 1968 to 2002. After controlling for country characteristics expected to influence the distribution of lending in a manner consistent with the World Bank’s charter and stated allocation mechanisms, we introduce variables reflecting U.S. interests. The empirical results are consistent with a significant U.S. influence, but one which varies across presidential administrations. These findings have important implications because donor influence may reduce the credibility, and hence the development effectiveness, of multilateral aid organizations.
Date: 2001-10
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Related works:
Journal Article: World Bank Independence: A Model and Statistical Analysis of US Influence (2006) 
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