A Formulation and Test of a Simple Model of World Bank Behavior
1983 (English)Report (Other academic)
There exists a large literature describing the behavior of international institutions. This literature is however, with few exceptions, purely descriptive, i.e. it lacks an analysis based on clearly stated behavioral assumptions leading to falsifiable and hence empirically testable hypotheses. A positive theory of the behavior of international organizations is thus lacking.
This paper endeavours to provide a simple theoretical model of the behavior of such an international organization - The World Bank - using the traditional approach of maximizing a utility function subject to constraints (Sections 2 and 3). The theoretically derived hypotheses are empirically applied to the World Bank's granting of loans to developing countries during recent years (Section 4). A final part summarizes the main findings (Section 5).
Place, publisher, year, edition, pages
Stockholm: IIES , 1983. , 26 p.
Seminar Paper / Institute for International Economic Studies, Stockholm University, ISSN 0347-8769 ; 240
IdentifiersURN: urn:nbn:se:su:diva-41469OAI: oai:DiVA.org:su-41469DiVA: diva2:330392