The determinants of multilateral development banks' participation in infrastructure projects
Autor(a) principal: | |
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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. |
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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 |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799131612752904192 |