IDEAS home Printed from https://ideas.repec.org/a/sae/pubfin/v46y2018i6p974-1001.html
   My bibliography  Save this article

Fiscal Governance, Information Capacity, and Subnational Capital Finance

Author

Listed:
  • Tima T. Moldogaziev
  • Salvador Espinosa
  • Christine R. Martell

Abstract

This study posits a theory that a country’s capacity to resolve information problems directly relates to the development of subnational government (SNG) capital markets. Based on a sample of fifty-two countries with various degrees of market-based approaches to public debt finance, we evaluate how the capacity to resolve information problems covaries with alternative measures of SNG debt in 2007 to 2014. Empirical findings show that transparency and depth of credit information resolution and extent of disclosure in the private sector positively relate to SNG debt levels, other institutional capacities held constant.

Suggested Citation

  • Tima T. Moldogaziev & Salvador Espinosa & Christine R. Martell, 2018. "Fiscal Governance, Information Capacity, and Subnational Capital Finance," Public Finance Review, , vol. 46(6), pages 974-1001, November.
    • Handle: RePEc:sae:pubfin:v:46:y:2018:i:6:p:974-1001
    as

    Download full text from publisher

    File URL: http://pfr.sagepub.com/content/46/6/974.abstract
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:pubfin:v:46:y:2018:i:6:p:974-1001. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.