Challenges in Measuring the Effectiveness of Legislative Budget Offices

14 Pages Posted: 8 Oct 2016

See all articles by Usman W. Chohan

Usman W. Chohan

UNSW Business School; Critical Blockchain Research Initiative (CBRI); Centre for Aerospace & Security Studies (CASS)

Date Written: October 1, 2016

Abstract

Do Legislative Budget Offices (LBOs) actually serve the purpose(s) that they are built for? How are we to measure their effectiveness? This discussion paper assesses the difficulties that arise in measuring the success of LBOs through various perspectives including, but not limited to, obstacles in assessing the impact on fiscal performance, public perceptions, benchmarks, counterfactual approaches, sovereign ratings, and cross-country samples of LBOs. It finds that there are limitations in the reliability of each metric/approach, and it thereby highlights the need for a greater research that contextualises the importance of LBOs in the budget process, their measurement limitations notwithstanding.

Keywords: Legislative Budget Offices; Governance; Oversight; Fiscal Policy; Macroeconomics

Suggested Citation

Chohan, Usman W., Challenges in Measuring the Effectiveness of Legislative Budget Offices (October 1, 2016). Available at SSRN: https://ssrn.com/abstract=2847670 or http://dx.doi.org/10.2139/ssrn.2847670

Usman W. Chohan (Contact Author)

UNSW Business School ( email )

UNSW Business School
High St
Sydney, NSW 2052
Australia

Critical Blockchain Research Initiative (CBRI) ( email )

Centre for Aerospace & Security Studies (CASS) ( email )

Islamabad
Pakistan

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