Economic analysis of World Bank education projects and project outcomes |
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| Authors: | Ayesha Yaqub Vawda Peter Moock J Price Gittinger Harry Anthony Patrinos |
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| Institution: | 1818H Street NW, Room #G8-055, Washington, DC, USA |
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| Abstract: | This paper tests the hypothesis that World Bank education projects have a higher likelihood of being successful if at the time of appraisal, they underwent good quality economic analysis. Analysis shows a strong relationship between the quality of cost–benefit analysis and cost–effectiveness analysis and the quality of project outcomes. Economic analysis of projects is a tool for weeding out potentially poor investments and selecting potentially worthwhile ones. Good practice education projects require good economic analysis—analysis of demand, of the counterfactual private sector supply, of the project’s fiscal impact, of lending’s fungibility—and strong sector work before project design. |
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| Keywords: | Education Economic analysis Returns to education Human capital investment |
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