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Citizens, Legislators, and Executive Disclosure: The Political Determinants of Fiscal Transparency

Author

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  • Joachim Wehner
  • Paulo de Renzio

Abstract

Empirical evidence on the beneficial effects of fiscal transparency ranges from improved budgetary outcomes, to lower sovereign borrowing costs and decreased corruption. Despite this, hardly any effort has been invested in exploring the determinants of fiscal transparency. Using a new 85-country dataset, we focus on two important sources of domestic demand for open budgeting: citizens and legislators. Our results suggest that free and fair elections have a significant direct effect on budgetary disclosure, and that they dampen the adverse effect on fiscal transparency of dependence on natural resource revenues. We also find that partisan fragmentation in the legislature is associated with higher levels of budgetary disclosure.

Suggested Citation

  • Joachim Wehner & Paulo de Renzio, 2012. "Citizens, Legislators, and Executive Disclosure: The Political Determinants of Fiscal Transparency," Working Papers id:4795, eSocialSciences.
  • Handle: RePEc:ess:wpaper:id:4795 Note: Institutional Papers
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    References listed on IDEAS

    as
    1. Oriana Bandiera & Iwan Barankay & Imran Rasul, 2005. "Cooperation in collective action," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 13(3), pages 473-498, July.
    2. Henderson, William, 1955. "The Development of Regionalism in Southeast Asia," International Organization, Cambridge University Press, vol. 9(04), pages 463-476, November.
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