Joachim Wehner|Paolo de Renzio
Citizens, Legislators, and Executive Disclosure: The Political Determinants of Fiscal Transparency
London School of Economics and Political Science
increased fiscal transparency associated improved budgetary outcomes lower sovereign borrowing costs decreased corruption less creative accounting governments despite benefits hardly effort invested exploring determinants fiscal transparency using new 85country dataset focus two important sources domestic demand open budgeting citizens legislators results suggest free fair elections significant direct effect budgetary disclosure dampen adverse effect fiscal transparency dependence natural resource revenues also find partisan competition democraticallyelected legislatures associated higher levels budgetary disclosure