Fiscal transparency and economic performance

Recent research has shown a robust relation between institutions and the economic performance of countries. A less satisfactory conclusion, however, has been drawn on the link between measures of institutions quality and policy making tools. This paper is an initial attempt to present an institution...

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Autor principal: Baldrich, Jorge
Formato: Objeto de conferencia
Lenguaje:Inglés
Publicado: 2005
Materias:
Ciencias Económicas
desarrollo económico
presupuesto, déficit y deuda pública
política macroeconómica
Acceso en línea:http://sedici.unlp.edu.ar/handle/10915/168770
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SEDICI (UNLP) de Universidad Nacional de La Plata
id I19-R120-10915-168770
record_format dspace
spelling I19-R120-10915-1687702024-08-20T20:01:57Z http://sedici.unlp.edu.ar/handle/10915/168770 Fiscal transparency and economic performance Baldrich, Jorge 2005-11 2005 2024-08-20T18:56:13Z en Ciencias Económicas desarrollo económico presupuesto, déficit y deuda pública política macroeconómica Recent research has shown a robust relation between institutions and the economic performance of countries. A less satisfactory conclusion, however, has been drawn on the link between measures of institutions quality and policy making tools. This paper is an initial attempt to present an institutions-related variable, fiscal transparency, which is connected with economic performance and also has a neat policy dimension. Although a measure of fiscal transparency can be regarded as an interesting alternative to other institutions measures in terms of its proxy potentiality, it can also be considered a direct measure of institutional quality. In this sense, Adam Smith’s development views provide a perspective where the absence of agents able to influence the justice paved the way to a “regular government”. This is precisely what fiscal transparency is about. By defining the scope and responsibilities of the government in a clear manner, making available the fiscal information for the population, openly preparing and executing the budget, and assuring the integrity of fiscal procedures, a transparent fiscal environment limits corruption and diversion and, therefore, facilitates development and the increase in living standards. This paper presents a new data set on fiscal transparency based on an IMF assessment of progress on the implementation of the Fiscal Transparency Code by 45 countries in the fiscal modules of Reports on Observance of Standards and Codes. Our empirical estimations show a strong link from fiscal transparency to per capita income. Standard steps on budget preparation and execution, and fiscal procedures are identified as a set of policy tools to improve the fiscal transparency of countries. Facultad de Ciencias Económicas Objeto de conferencia Objeto de conferencia http://creativecommons.org/licenses/by-nc-sa/4.0/ Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) application/pdf
institution Universidad Nacional de La Plata
institution_str I-19
repository_str R-120
collection SEDICI (UNLP)
language Inglés
topic Ciencias Económicas
desarrollo económico
presupuesto, déficit y deuda pública
política macroeconómica
spellingShingle Ciencias Económicas
desarrollo económico
presupuesto, déficit y deuda pública
política macroeconómica
Baldrich, Jorge
Fiscal transparency and economic performance
topic_facet Ciencias Económicas
desarrollo económico
presupuesto, déficit y deuda pública
política macroeconómica
description Recent research has shown a robust relation between institutions and the economic performance of countries. A less satisfactory conclusion, however, has been drawn on the link between measures of institutions quality and policy making tools. This paper is an initial attempt to present an institutions-related variable, fiscal transparency, which is connected with economic performance and also has a neat policy dimension. Although a measure of fiscal transparency can be regarded as an interesting alternative to other institutions measures in terms of its proxy potentiality, it can also be considered a direct measure of institutional quality. In this sense, Adam Smith’s development views provide a perspective where the absence of agents able to influence the justice paved the way to a “regular government”. This is precisely what fiscal transparency is about. By defining the scope and responsibilities of the government in a clear manner, making available the fiscal information for the population, openly preparing and executing the budget, and assuring the integrity of fiscal procedures, a transparent fiscal environment limits corruption and diversion and, therefore, facilitates development and the increase in living standards. This paper presents a new data set on fiscal transparency based on an IMF assessment of progress on the implementation of the Fiscal Transparency Code by 45 countries in the fiscal modules of Reports on Observance of Standards and Codes. Our empirical estimations show a strong link from fiscal transparency to per capita income. Standard steps on budget preparation and execution, and fiscal procedures are identified as a set of policy tools to improve the fiscal transparency of countries.
format Objeto de conferencia
Objeto de conferencia
author Baldrich, Jorge
author_facet Baldrich, Jorge
author_sort Baldrich, Jorge
title Fiscal transparency and economic performance
title_short Fiscal transparency and economic performance
title_full Fiscal transparency and economic performance
title_fullStr Fiscal transparency and economic performance
title_full_unstemmed Fiscal transparency and economic performance
title_sort fiscal transparency and economic performance
publishDate 2005
url http://sedici.unlp.edu.ar/handle/10915/168770
work_keys_str_mv AT baldrichjorge fiscaltransparencyandeconomicperformance
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