Impacts of budget transparency on economic and political outcomes (CROSBI ID 318500)
Prilog u časopisu | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Prijaković, Simona
engleski
Impacts of budget transparency on economic and political outcomes
This article focuses on a review of literature on the impacts of budget/fiscal transparency on economic and political outcomes. It also considers the definitions and measurements of budget/fiscal transparency indices used in the literature reviewed – thirty-seven papers published in English, online, during the 2000– 2021 period. The reviewed papers mostly deal with budget transparency at the national (central) government level, probably due to the problems of measurement at subnational – state, provincial, regional, local – government levels. Tables 1 and 2 systematise the economic and political outcomes and their various measures found in the reviewed literature, and the possibility of using them in further research. Among economic variables, the most pronounced impact is on government budget balance, debt, and expenditures. Governments with higher budget transparency are associated with better budget balance, credit ratings, budget estimation and forecasting, as well as with higher expenditures and revenues, underestimation of revenues and expenditures, lower borrowing costs, government debt, and inflation. The highest proven political impact of budget transparency is on corruption. Governments with higher levels of budget transparency are perceived as less corrupt, i.e. having better control of corruption, as well as higher government quality, effectiveness, and spending efficiency. Moreover, they have more popular governors and higher public participation.
budget transparency ; impacts on economic and political outcomes ; empirical review ; subnational governments
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Podaci o izdanju
22 (4)
2022.
633-665
objavljeno
1848-0357
1849-2150
10.31297/hkju.22.4.4
Trošak objave rada u otvorenom pristupu
Povezanost rada
Ekonomija