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The Causes of Fiscal Transparency: Evidence from the U.S. States

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Author Info

  • James E. Alt

    (International Monetary Fund)

  • David Dreyer Lassen

    (International Monetary Fund)

  • Shanna Rose

    (International Monetary Fund)

Abstract

We use unique panel data on the evolution of transparent budget procedures in the U.S. states over the past three decades to explore the political and economic determinants of fiscal transparency. Our case studies and quantitative analysis suggest that both politics and fiscal policy outcomes influence the level of transparency. More equal political competition and power sharing are associated with both greater levels of and increases in fiscal transparency during the sample period. Political polarization and past fiscal conditions, in particular state government debt and budget imbalances, also appear to affect the level of transparency. Copyright 2006, International Monetary Fund

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Bibliographic Info

Article provided by Palgrave Macmillan in its journal IMF Staff Papers.

Volume (Year): 53 (2006)
Issue (Month): si ()
Pages: 2

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Handle: RePEc:pal:imfstp:v::y:2006:i:si:p:2

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Cited by:
  1. Yamamura, Eiji, 2011. "Groups and information disclosure: Olson and Putnam Hypotheses," MPRA Paper 34628, University Library of Munich, Germany.
  2. Yamamura, Eiji, 2011. "Groups and information disclosure: Evidence on the Olson and Putnam Hypotheses in Japan," MPRA Paper 28101, University Library of Munich, Germany.
  3. Yamamura, Eiji, 2012. "Effects of groups and government size on information disclosure," MPRA Paper 36141, University Library of Munich, Germany.
  4. Maria Antónia de Jesus & Raul M. S. Laureano & Daniel A. Fernandes, 2013. "Evaluation of websites from an accountability perspective: Applying to the Portuguese sports federations," Working Papers Series 2 13-04, ISCTE-IUL, Business Research Unit (BRU-IUL).
  5. Andersen, Asger Lau & Lassen, David Dreyer & Nielsen, Lasse Holbøll Westh, 2014. "The impact of late budgets on state government borrowing costs," Journal of Public Economics, Elsevier, vol. 109(C), pages 27-35.

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