This study investigates how government ideology matters for the success of World Bank economic policy loans, which typically support market-liberalizing reforms. A simple model predicts that World Bank staff will invest more effort in designing an economic policy loan when faced with a left-wing government. Empirically, estimates from a Heckman selection model show that the quality at entry of an economic policy loan is significantly higher for governments...
انظر المزيد
تفاصيل
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2012/7/01
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WPS6130
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1
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1
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2012/7/01
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Disclosed
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Political ideology, quality at entry and the success of economic reform programs
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quality at entry