The Impacts of Fiscal Openness

Fiscal transparency and participation in government budgeting are widely promoted, yet claims about their benefits are rarely based on convincing evidence. We provide the first systematic review covering 38 empirical studies published between 1991 and early 2015. Increased budgetary disclosure and p...

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Main Authors:	de Renzio, Paola, Wehner, Joachim
Format:	Journal Article
Published:	Published by Oxford University Press on behalf of the World Bank 2019
Subjects:	FISCAL POLICY TAXATION TRANSPARENCY BUDGET CORRUPTION ACCOUNTABILITY BUDGET PROCESS PUBLIC EXPENDITURE PUBLIC SPENDING
Online Access:	http://hdl.handle.net/10986/31222

id	okr-10986-31222
recordtype	oai_dc
spelling	okr-10986-312222021-05-25T10:54:36Z The Impacts of Fiscal Openness de Renzio, Paola Wehner, Joachim FISCAL POLICY TAXATION TRANSPARENCY BUDGET CORRUPTION ACCOUNTABILITY BUDGET PROCESS PUBLIC EXPENDITURE PUBLIC SPENDING Fiscal transparency and participation in government budgeting are widely promoted, yet claims about their benefits are rarely based on convincing evidence. We provide the first systematic review covering 38 empirical studies published between 1991 and early 2015. Increased budgetary disclosure and participation—which we call “fiscal openness”—are consistently associated with improvements in the quality of the budget, as well as governance and development outcomes. Only a handful of studies, however, convincingly identify causal effects, in the form of reduced corruption, enhanced electoral accountability, and improved allocation of resources. We highlight gaps and set out a research agenda that consists of: (a) disaggregating broad measures of budget transparency to uncover which specific disclosures are related to outcomes; (b) tracing causal mechanisms to connect fiscal openness interventions with ultimate impacts on human development; (c) investigating the relative effectiveness of alternative interventions; (d) examining the relationship between transparency and participation; and (e) clarifying the contextual conditions that support particular interventions. 2019-02-05T19:46:40Z 2019-02-05T19:46:40Z 2017-08-01 Journal Article World Bank Research Observer 1564-6971 http://hdl.handle.net/10986/31222 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Published by Oxford University Press on behalf of the World Bank Publications & Research :: Journal Article Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	FISCAL POLICY TAXATION TRANSPARENCY BUDGET CORRUPTION ACCOUNTABILITY BUDGET PROCESS PUBLIC EXPENDITURE PUBLIC SPENDING
spellingShingle	FISCAL POLICY TAXATION TRANSPARENCY BUDGET CORRUPTION ACCOUNTABILITY BUDGET PROCESS PUBLIC EXPENDITURE PUBLIC SPENDING de Renzio, Paola Wehner, Joachim The Impacts of Fiscal Openness
description	Fiscal transparency and participation in government budgeting are widely promoted, yet claims about their benefits are rarely based on convincing evidence. We provide the first systematic review covering 38 empirical studies published between 1991 and early 2015. Increased budgetary disclosure and participation—which we call “fiscal openness”—are consistently associated with improvements in the quality of the budget, as well as governance and development outcomes. Only a handful of studies, however, convincingly identify causal effects, in the form of reduced corruption, enhanced electoral accountability, and improved allocation of resources. We highlight gaps and set out a research agenda that consists of: (a) disaggregating broad measures of budget transparency to uncover which specific disclosures are related to outcomes; (b) tracing causal mechanisms to connect fiscal openness interventions with ultimate impacts on human development; (c) investigating the relative effectiveness of alternative interventions; (d) examining the relationship between transparency and participation; and (e) clarifying the contextual conditions that support particular interventions.
format	Journal Article
author	de Renzio, Paola Wehner, Joachim
author_facet	de Renzio, Paola Wehner, Joachim
author_sort	de Renzio, Paola
title	The Impacts of Fiscal Openness
title_short	The Impacts of Fiscal Openness
title_full	The Impacts of Fiscal Openness
title_fullStr	The Impacts of Fiscal Openness
title_full_unstemmed	The Impacts of Fiscal Openness
title_sort	impacts of fiscal openness
publisher	Published by Oxford University Press on behalf of the World Bank
publishDate	2019
url	http://hdl.handle.net/10986/31222
_version_	1764473826892054528

The Impacts of Fiscal Openness

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