Budget Transparency in Local Governments: An Empirical Analysis

34 Pages Posted: 25 Feb 2011 Last revised: 14 Dec 2012

See all articles by José Caamaño-Alegre

José Caamaño-Alegre

University of Santiago de Compostela - Department of Applied Economics

Santiago Lago-Peñas

University of Vigo, GEN (Governance and Economics Research Network)

Francisco Reyes

University of Vigo

Aurora Santiago-Boubeta

Municipality of Pontevedra

Date Written: February 23, 2011

Abstract

The aim of this paper is to shed additional light on the determinants of budget transparency in local governments. Our work is based on a Likert-type survey questionnaire specifically designed to measure budget transparency in small municipalities. The questionnaire is based on the IMF‘s revised Code of Good Practices on Fiscal Transparency (2007). Results from 33 Galician municipalities are used to assess its internal consistency and to test a battery of hypotheses on the determinants of budget transparency. While several previous findings of the literature are confirmed, some new results are also obtained.

Keywords: budget transparency, local public finance, municipal budgeting, government

JEL Classification: H72, H83, D73, D78

Suggested Citation

Caamaño-Alegre, José and Lago-Peñas, Santiago and Reyes, Francisco and Santiago-Boubeta, Aurora, Budget Transparency in Local Governments: An Empirical Analysis (February 23, 2011). Available at SSRN: https://ssrn.com/abstract=1768091 or http://dx.doi.org/10.2139/ssrn.1768091

José Caamaño-Alegre

University of Santiago de Compostela - Department of Applied Economics ( email )

Facultad de Derecho
Campus Vida, s/n
Santiago de Compostela, 15782
Spain
(+34)981-563100, ext. 14764 (Phone)
(+34)981-591554 (Fax)

Santiago Lago-Peñas (Contact Author)

University of Vigo, GEN (Governance and Economics Research Network) ( email )

Ourense, Ourense 32004
Spain

HOME PAGE: http://webs.uvigo.es/infogen

Francisco Reyes

University of Vigo ( email )

E.U. de Enx. Técn. Industrial.
Vigo, Pontevedra E-36200
Spain

Aurora Santiago-Boubeta

Municipality of Pontevedra ( email )

Pontevedra Capiz 5800
Philippines

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