Journal of Development Economics

Development Aid and International Politics: Does membership on the UN Security Council influence World Bank decisions?

Author(s)

Axel Dreher, Jan-Egbert Sturm, James Raymond Vreeland

Abstract

We investigate whether temporary members of the UN Security Council receive favorable treatment from the World Bank, using panel data for 157 countries over the period 1970-2004. Our results indicate a robust positive relationship between temporary UN Security Council membership and the number of World Bank projects a country receives, even after accounting for economic and political factors, as well as regional and country effects. The size of World Bank loans, however, is not affected by UN Security Council membership. Replication data available upon request from the author. Please email Dr. Axel Dreher at mail@axel-dreher.de for more information.

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