Fiscal and Monetary Institutions in Central, Eastern and South-Eastern European Countries

Darvas, Ζsolt; Kostyleva, Valentina

doi:10.1787/budget-11-5kg9qxz12gzq

Cited by 4 publications

(3 citation statements)

References 22 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…On the other hand, given their postcommunist legacies—entailing, among other things, a preference for discretionary and personalistic approaches to governance, discrepancies between formal rules and informal practices, and institutional instability—these countries have been viewed as facing difficulties with adopting modern, rationality‐enhancing management techniques (Dimitrov, Goetz, and Wollmann 2006; Meyer‐Sahling 2009; Verheijen and Coombes 1998; Verheijen and Kotchegura 1999). Thus, budgetary institutions and administrative capacity in these countries tend to be less developed than in other OECD (Organisation for Economic Co‐operation and Development) countries (e.g., Darvas and Kostyleva 2011). Because less is known about these countries and they are a less homogenous group than those with other traditions, the extent to which they are likely to use cost accounting relative to the other traditions is uncertain.…”

Section: Theoretical Frameworkmentioning

confidence: 95%

Comparing Cost Accounting Use across European Countries: The Role of Administrative Traditions, NPM Instruments, and Fiscal Stress

Mohr

Raudla

Douglas

2020

Public Administration Review

View full text Add to dashboard Cite

Cost accounting in public organizations is not often studied from a comparative perspective, particularly at the national level of government. While it is often claimed that factors such as New Public Management (NPM) and fiscal stress are the primary drivers of government cost accounting, an important but understudied factor is the administrative tradition of the government, which may influence the use of cost accounting and tools like it. This article examines the perceptions of top public executives regarding cost accounting use across 19 European countries. It focuses on three key factors identified in the literature as potentially being associated with cost accounting use—administrative traditions, NPM instruments, and fiscal stress. Findings show that administrative tradition and the use of NPM instruments are related to cost accounting use, but fiscal stress is not related to cost accounting use in the countries in our study.

show abstract

Section: Theoretical Frameworkmentioning

confidence: 95%

Comparing Cost Accounting Use across European Countries: The Role of Administrative Traditions, NPM Instruments, and Fiscal Stress

Mohr

Raudla

Douglas

2020

Public Administration Review

View full text Add to dashboard Cite

show abstract

“…Since the early 1990s, various indices have been developed to measure the overall quality of budget institutions. Examples for European countries include von Hagen (1992) for 12 EU countries, Gleich (2003) and Fabrizio and Mody (2006) for the 10 central and eastern European countries (CEECs) that joined the EU in 2004 and 2007 and Darvas and Kostyleva (2011) for EU and OECD countries. Other indices capture only specific aspects of budget institutions in EU countries, for instance the European Commission's (2020a) indices for MTBFs, fiscal rules and the scope of the tasks discharged by fiscal councils and the fiscal council indices by Debrun and Kumar (2007a), Maltritz and Wüste (2015) and Horvath (2018).…”

Section: Introductionmentioning

confidence: 99%

Forms of fiscal governance in the Euro Area – An update

Catania,

Baimbridge,

Litsios

2023

Scottish J Political Eco

View full text Add to dashboard Cite

Despite the common Euro Area (EA) requirements, we find notable differences in the quality of fiscal governance among the 19 member states. Moreover, characteristics of the delegation approach, which have been largely ignored in the EA fiscal governance framework, remain important in various member states. Using a two‐way fixed effects panel data model for the EA countries during 2006–2018, we find that the delegation approach can be effective to improve the fiscal position. On the other hand, the imposition of centrally mandated common rules‐based reforms has not taken into account the national political, social and institutional setting, and this may have also affected their effectiveness to achieve fiscal discipline. Our findings thus suggest a reconsideration of the one‐size‐fits‐all, rules‐based approach to fiscal governance in the EA.

show abstract

“…The IFIs role in addressing excessive deficits was approached by various authors and international organizations from different perspectives. Without being exhaustive, after arguing the idea of delegating some aspects of the fiscal policy and its monitoring to independent authorities (Alessina et al, 2007;Debrun et al, 2009;Calmfors and Wren-Lewis, 2011), IFIs' capacity to improve the public understanding of the fiscal policy quality (Darvas and Kostyleva, 2011;Beetsma and Debrun, 2016) or performance (Coletta et al, 2015;Beetsma et al, 2018) has been emphasized. The subject of incorporating similar principles, standards or minimum criteria on national IFIs design for ensuring their independence and increase in operational capacity also stood out (Kopits, 2011;OECD, 2014;Wyplosz et al 2019).…”

Section: Introductionmentioning

confidence: 99%

An Evaluation of IFIs Impact on EU Countries Budget Deficits

2020

View full text Add to dashboard Cite

This paper explores the impact of the independent fiscal institutions on public budget deficit in the European Union. We employ a dynamic panel model for the period 2000-2019 and find that these fiscal watchdogs have a positive and significant influence on general government balance for European Union Member States, resulting in smaller public budget deficits. The findings maintain their significance regardless of the year of accession to the European Union (old vs. new members) or euro area status (euro area vs. non-euro area members). However, we find that the independent fiscal institutions play a much important role for countries that established their fiscal institutions before 2013. Moreover, we document that during systemic and banking crises these independent fiscal councils can help reducing public budget deficits. Our results are robust to a variety of specifications and models, including alternative definitions of government balance and after controlling for a set of institutional characteristics.

show abstract

Fiscal and Monetary Institutions in Central, Eastern and South-Eastern European Countries

Cited by 4 publications

References 22 publications

Comparing Cost Accounting Use across European Countries: The Role of Administrative Traditions, NPM Instruments, and Fiscal Stress

Comparing Cost Accounting Use across European Countries: The Role of Administrative Traditions, NPM Instruments, and Fiscal Stress

Forms of fiscal governance in the Euro Area – An update

An Evaluation of IFIs Impact on EU Countries Budget Deficits

Contact Info

Product

Resources

About