Research on FESTs, Fiscal Transparency and Media Coverage: Evidence from China
10 Pages Posted: 19 Apr 2021 Last revised: 27 May 2021
Date Written: April 14, 2021
This empirical research sheds light on the internal mechanism of government fiscal transparency, media coverage, and the efficiency fiscal expenditures on science & technology (FESTs). Research findings show that fiscal transparency and media coverage have a significant positive effect on the efficiency of FESTs. Moreover, media coverage has a partial mediatory effect on the relationship between fiscal transparency and fiscal expenditures on science & technology. To improve the efficiency of FESTs, government departments should formulate reasonable regulations on the disclosure of government fiscal information and invite the media to act as an external supervisor in order to strengthen fiscal transparency. We suggest the implications can be used for academic, policy, and practice-driven research and practice.
Keywords: Fiscal transparency; Media coverage; Fiscal Expenditures on Science and Technology
JEL Classification: G28
Suggested Citation: Suggested Citation