Building a consensus for fiscal reform

Marcel, Mario; Tokman, Marcelo

doi:10.1787/budget-v2-art15-en

Cited by 27 publications

(24 citation statements)

References 7 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Finally, we include the population size (population) as control variable. This is in agreement with Stein et al (1998), Alesina et al (1999), Marcel and Tokman (2002), and Alt and Lassen (2006). Larger local governments receive higher demands for public services from their citizens (Ashworth, Geys, & Heyndels, 2005).…”

Section: Additional Analysis: the Effect Of Transparency On Budget supporting

confidence: 77%

“…In this sense, von Hagen and Harden (1995) show empirically that institutional rules governing the budget process (among them, a large degree of transparency) affect fiscal performance in 12 EU countries. Specifically, Stein et al (1998), Alesina et al (1999), Marcel and Tokman (2002), and Alt and Lassen (2006) find that more transparent budget procedures are associated with macroeconomic figures, namely, lower deficits and debt. Specifically, Stein et al (1998), Alesina et al (1999), Marcel and Tokman (2002), and Alt and Lassen (2006) find that more transparent budget procedures are associated with macroeconomic figures, namely, lower deficits and debt.…”

Section: Transparency Budgetary Process and Fiscal Performancementioning

confidence: 95%

“…According to Stein et al (1998), Alesina et al (1999), Marcel and Tokman (2002), and Alt and Lassen (2006), the more transparent are budget procedures, the lower are deficits and debt. However, the strategies adopted by both kinds of municipality (more or less transparent) would lead to having a deficit or surplus.…”

Section: Additional Analysis: the Effect Of Transparency On Budget mentioning

confidence: 99%

“…The literature has analyzed the impact of transparency on some fiscal performance indicators, such as deficit, debt, or expenditures (Alesina, Hausmann, Hommes, & Stein, 1999;Alt & Lassen, 2006;Marcel & Tokman, 2002;Stein, Talvi, & Grisanti, 1998;Tanzi, 1994). The literature has analyzed the impact of transparency on some fiscal performance indicators, such as deficit, debt, or expenditures (Alesina, Hausmann, Hommes, & Stein, 1999;Alt & Lassen, 2006;Marcel & Tokman, 2002;Stein, Talvi, & Grisanti, 1998;Tanzi, 1994).…”

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

The influence of transparency on budget forecast deviations in municipal governments

Ríos

Guillamón

Benito

et al. 2018

Journal of Forecasting

View full text Add to dashboard Cite

This paper analyzes the impact of transparency on fiscal performance. Our sample considers the 100 largest Spanish municipalities for the years 2008, 2009, 2010, 2012, and 2014. The results show that the level of municipal transparency influences budget forecast deviations in tax revenues and current expenditures. On the one hand, less transparent municipalities overestimate their revenues, allowing them to provide more public services without an immediate increase in taxes. On the other, these local governments, which are aware of the overestimation of their revenues, may spend less than they budgeted. More transparent municipalities, meanwhile, seem to be more prudent in their revenue estimations, since they underestimate their revenues, meaning they can spend more than projected. Our results also show that the behavior of politicians is influenced by the phase of the electoral cycle in which they find themselves, with politicians overestimating expenditures in the year before election.

show abstract

Section: Additional Analysis: the Effect Of Transparency On Budget supporting

confidence: 77%

Section: Transparency Budgetary Process and Fiscal Performancementioning

confidence: 95%

Section: Additional Analysis: the Effect Of Transparency On Budget mentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

The influence of transparency on budget forecast deviations in municipal governments

Ríos

Guillamón

Benito

et al. 2018

Journal of Forecasting

View full text Add to dashboard Cite

show abstract

“…The importance of government fiscal transparency was highlighted during the Asian financial crises of the 1997 when the creeping fiscal disequilibrium in many of the Asian "tiger economies", the accumulation of public contingent liabilities, and the vulnerable asset-liability structures went undetected by both investors and watchdog multinational agencies (Marcel and Tokman [3], p. 36). Surprisingly, almost 15 years later, history is almost repeating itself with the financial crisis involving Greece which threatens to splinter the Eurozone (Manessiotis [4]).…”

Section: Introductionmentioning

confidence: 99%

Preferred Leadership Styles, Culture, and Government Fiscal Transparency: An International Analysis

Mensah¹,

Qi²

2016

aeb

View full text Add to dashboard Cite

Evidence provided by the GLOBE study (House et al [1]) has shown that different cultures have definite preferences for different leadership styles. This study examines whether the cultural preference for specific leadership styles has implications for the development of transparency in government budgetary reporting. Our results show that the Performance-Oriented and the Autonomous leadership styles are positively associated with greater transparency while the Team-Oriented and Humane leadership styles have a negative relationship. When Lewin's classical leadership styles are introduced, we found that both the Democratic and Autocratic leadership styles were positively associated with budget transparency. In contrast, the Delegative leadership style is found to be negatively associated with budget transparency. One major implication of this study is that the movement towards greater transparency in government budgeting would be facilitated by changes in cultural preferences for certain leadership styles.

show abstract

(En)Gendering Change in a Highly Constrained Setting

Staab¹

2017

Gender and the Politics of Gradual Change

View full text Add to dashboard Cite

Building a consensus for fiscal reform

Cited by 27 publications

References 7 publications

The influence of transparency on budget forecast deviations in municipal governments

The influence of transparency on budget forecast deviations in municipal governments

Preferred Leadership Styles, Culture, and Government Fiscal Transparency: An International Analysis

(En)Gendering Change in a Highly Constrained Setting

Contact Info

Product

Resources

About