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

Q3 Economics, Econometrics and Finance

Journal of Globalization and Development Pub Date : 2014-01-01 DOI:10.1515/jgd-2013-0007

Julia Cagé

引用次数: 4

Abstract

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.

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对世界银行国别政策和制度评估的改进:基于援助有效性的新绩效指标

本文对目前国际组织用于分配发展援助的不同政策绩效衡量标准的相关性提出了质疑。它特别评估了世界银行国别政策和制度评估(CPIA)的针对性。通过对1977年至2008年间146个国家的跨国面板数据集的研究，我发现尽管CPIA与当前的增长相关，但它并不能很好地预测未来的增长。然后，我将讨论几种援助分配工具的相关性。特别提出了基于“援助有效性”的绩效指标，对援助进行选择性分配，并探讨了一种时变援助有效性评估的新方法。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Globalization and Development Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)

CiteScore

1.20

自引率

0.00%

发文量

期刊介绍： The Journal of Globalization and Development (JGD) publishes academic research and policy analysis on globalization, development, and in particular the complex interactions between them. The journal is dedicated to stimulating a creative dialogue between theoretical advances and rigorous empirical studies to push forward the frontiers of development analysis. It also seeks to combine innovative academic insights with the in-depth knowledge of practitioners to address important policy issues. JGD encourages diverse perspectives on all aspects of development and globalization, and attempts to integrate the best development research from across different fields with contributions from scholars in developing and developed countries. Topics: -Economic development- Financial investments- Development Aid- Development policies- Growth models- Sovereign debt