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Institutional Quality and Fiscal Transparency

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  • Andreula, Nicoló
  • Chong, Alberto E.
  • Guillén, Jorge

Abstract

This paper uses new data on fiscal transparency for a cross-section of countries; these data possess several advantages. First, the data are based on in-depth reports using a standardized methodology and protocol. Second, this study covers 82 countries, more than previous comparable studies. Third, the fiscal measures used have been obtained with the collaboration of government authorities, which makes them particularly reliable. Finally, the data collection has been undertaken at a high level. These new data permit examination of a relevant but little-studied issue, the role of institutional quality in a countrys fiscal transparency. It is shown that there is in fact a causal relationship between institutions and transparency. The findings are robust to changes in specification and a host of transparency sub-measures.

Suggested Citation

  • Andreula, Nicoló & Chong, Alberto E. & Guillén, Jorge, 2009. "Institutional Quality and Fiscal Transparency," IDB Publications (Working Papers) 1663, Inter-American Development Bank.
    • Handle: RePEc:idb:brikps:1663
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    References listed on IDEAS

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    Cited by:

    1. Montes, Gabriel Caldas & da Cunha Lima, Luiza Leitão, 2018. "Effects of fiscal transparency on inflation and inflation expectations: Empirical evidence from developed and developing countries," The Quarterly Review of Economics and Finance, Elsevier, vol. 70(C), pages 26-37.
    2. Davituliani Tsitsino & Mikautadze Rusudan, 2019. "Imereti Region's Natural - Recreational and Historical - Cultural Potential as Tourism Development Factor in Georgia," European Journal of Multidisciplinary Studies Articles, Revistia Research and Publishing, vol. 4, ejms_v4_i.
    3. Cicatiello, Lorenzo & De Simone, Elina & Ercolano, Salvatore & Gaeta, Giuseppe Lucio, 2021. "Assessing the impact of fiscal transparency on FDI inflows," Socio-Economic Planning Sciences, Elsevier, vol. 73(C).
    4. Corrigan, Caitlin C., 2014. "Breaking the resource curse: Transparency in the natural resource sector and the extractive industries transparency initiative," Resources Policy, Elsevier, vol. 40(C), pages 17-30.
    5. Bedri Peci, 2016. "Fiscal Transparency In Theory And Practice: The Case Of Kosovo," International Journal of Business and Management, International Institute of Social and Economic Sciences, vol. 4(4), pages 78-91, November.
    6. Williams, Andrew, 2015. "A global index of information transparency and accountability," Journal of Comparative Economics, Elsevier, vol. 43(3), pages 804-824.
    7. Adams, Dawda & Ullah, Subhan & Akhtar, Pervaiz & Adams, Kweku & Saidi, Samir, 2019. "The role of country-level institutional factors in escaping the natural resource curse: Insights from Ghana," Resources Policy, Elsevier, vol. 61(C), pages 433-440.
    8. Gabriel Caldas Montes & Paulo Henrique Luna, 2021. "Fiscal transparency, legal system and perception of the control on corruption: empirical evidence from panel data," Empirical Economics, Springer, vol. 60(4), pages 2005-2037, April.
    9. Branko Stanic, 2018. "Determinants of subnational budget/fiscal transparency: a review of empirical evidence," Public Sector Economics, Institute of Public Finance, vol. 42(4), pages 449-486.

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    Keywords

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    JEL classification:

    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration

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