The determinants of multilateral development banks' participation in infrastructure projects

Detalhes bibliográficos
Autor(a) principal: Basílio, Maria
Data de Publicação: 2014
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/20.500.12207/5894
Resumo: Multilateral development banks (MDBs) have important functions in infrastructure projects. Besides their traditional lending role, they provide additional guarantees to private investors about the creditworthiness of the project. An empirical analysis is performed for the determinants of MDBs’ participation in infrastructure projects in developing countries using data from 1990 to 2007 obtained from the World Bank’s Private Participation in Infrastructure database and through limited dependent variable models. The results suggest that the participation of MDBs is higher for less populous and poorer countries, in line with past empirical findings, and where legal and financial systems are underdeveloped. However, neither political risk nor even respect for human rights seems to play an important role in explaining multilateral participation.
id RCAP_3331173531dfdaa6f9c17d4626cd34c9
oai_identifier_str oai:repositorio.ipbeja.pt:20.500.12207/5894
network_acronym_str RCAP
network_name_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository_id_str 7160
spelling The determinants of multilateral development banks' participation in infrastructure projectsMultilateral development banksDevelopment financeBinary and sample selection modelsLow- and middle-income countriesBancos multilaterais de desenvolvimentoMultilateral development banks (MDBs) have important functions in infrastructure projects. Besides their traditional lending role, they provide additional guarantees to private investors about the creditworthiness of the project. An empirical analysis is performed for the determinants of MDBs’ participation in infrastructure projects in developing countries using data from 1990 to 2007 obtained from the World Bank’s Private Participation in Infrastructure database and through limited dependent variable models. The results suggest that the participation of MDBs is higher for less populous and poorer countries, in line with past empirical findings, and where legal and financial systems are underdeveloped. However, neither political risk nor even respect for human rights seems to play an important role in explaining multilateral participation.SAGE2023-05-15T11:43:06Z2014-01-01T00:00:00Z2014info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/20.500.12207/5894enghttps://doi.org/10.1177/0974930614564991Basílio, Mariainfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-05-25T07:45:14Zoai:repositorio.ipbeja.pt:20.500.12207/5894Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:53:56.972615Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv The determinants of multilateral development banks' participation in infrastructure projects
title The determinants of multilateral development banks' participation in infrastructure projects
spellingShingle The determinants of multilateral development banks' participation in infrastructure projects
Basílio, Maria
Multilateral development banks
Development finance
Binary and sample selection models
Low- and middle-income countries
Bancos multilaterais de desenvolvimento
title_short The determinants of multilateral development banks' participation in infrastructure projects
title_full The determinants of multilateral development banks' participation in infrastructure projects
title_fullStr The determinants of multilateral development banks' participation in infrastructure projects
title_full_unstemmed The determinants of multilateral development banks' participation in infrastructure projects
title_sort The determinants of multilateral development banks' participation in infrastructure projects
author Basílio, Maria
author_facet Basílio, Maria
author_role author
dc.contributor.author.fl_str_mv Basílio, Maria
dc.subject.por.fl_str_mv Multilateral development banks
Development finance
Binary and sample selection models
Low- and middle-income countries
Bancos multilaterais de desenvolvimento
topic Multilateral development banks
Development finance
Binary and sample selection models
Low- and middle-income countries
Bancos multilaterais de desenvolvimento
description Multilateral development banks (MDBs) have important functions in infrastructure projects. Besides their traditional lending role, they provide additional guarantees to private investors about the creditworthiness of the project. An empirical analysis is performed for the determinants of MDBs’ participation in infrastructure projects in developing countries using data from 1990 to 2007 obtained from the World Bank’s Private Participation in Infrastructure database and through limited dependent variable models. The results suggest that the participation of MDBs is higher for less populous and poorer countries, in line with past empirical findings, and where legal and financial systems are underdeveloped. However, neither political risk nor even respect for human rights seems to play an important role in explaining multilateral participation.
publishDate 2014
dc.date.none.fl_str_mv 2014-01-01T00:00:00Z
2014
2023-05-15T11:43:06Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/20.500.12207/5894
url http://hdl.handle.net/20.500.12207/5894
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://doi.org/10.1177/0974930614564991
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv SAGE
publisher.none.fl_str_mv SAGE
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
_version_ 1799131612752904192