Fiscal Transparency and Economic Outcomes

By Farhan Hameed. Social Science Research Network, 2005

166 citations recorded by the source corpus.

This paper develops indices of fiscal transparency for a broad range of countries based on the IMF's Code of Good Practices on Fiscal Transparency, using data derived from published fiscal transparency modules of the Reports on the Observance of Standards and Codes (ROSCs). The indices covers four clusters of fiscal transparency practices: data assurances, medium-term budgeting, budget execution reporting, and fiscal risk disclosures. More transparent countries are shown to have better credit ratings, better fiscal discipline, and less corruption, after controlling for other socioeconomic variables.

Subfields: Economics and Econometrics, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/76c3de373270cd7eb25362e0330d69cb85fe4620

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Citations in the corpus

The Determinants of Local Government's Financial Transparency (2011, background): “Hameed ( 2005 ) states that the most transparent countries are also the most advanced economies: a higher economic level is linked with more transparency.”
Determinants of corporate social disclosure in Spanish local governments (2013, methodology): “According to Hameed (2005) and Piotrowski and Van Ryzin (2007), the economic status of the population is positively related to transparency in public administrations, especially with regard to financial and fiscal matters.”
Citizens, legislators, and executive disclosure: the political determinants of fiscal transparency (2013, background): “However, other studies suggest that transparency is a cause of fiscal performance (Hameed, 2005).”