The analytical capacity of budgetary administrations: the case of the Euro area

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• dc.contributor.author Kasperskaya, Yulia
• dc.contributor.author Xifré Oliva, Ramon
• dc.date.accessioned 2021-04-27T10:10:24Z
• dc.date.available 2021-04-27T10:10:24Z
• dc.date.issued 2020
• dc.description.abstract Purpose The objective of this study is to analyze the role that budgetary analytical capacity (BAC) plays for fiscal discipline in a sample of Eurozone countries in the postcrisis period. Dessign/methodology/approach Building on the policy capacity literature, an index for the BAC is constructed by including OECD budgetary data from three dimensions: reliability of projections, openness to legislative scrutiny and transparency. The proposed BAC index is validated by checking that larger values of the index are associated with the higher fiscal discipline scores across countries. Findings Controlling for the economic cycle, BAC index is positively associated with fiscal discipline. The association is stronger for the index as a whole than for the three separate dimensions. Research limitations/implications The study is done on the limited sample of countries, and it is not feasible to validate results over time. Practical implications Budgetary policymakers can improve fiscal discipline by enhancing the three pillars that support the BAC. Social implications Stronger BAC can help to improve the quality of public decision-making and overcome political opportunism. Originality/value This is the first study that introduces the concept of BAC, makes it operational and suggests its relevance for supporting fiscal discipline.en
• dc.format.mimetype application/pdf
• dc.identifier.citation Kasperskaya Y, Xifré R. The analytical capacity of budgetary administrations: the case of the Euro area. Journal of Public budgeting, accounting & financial management. 2020 Jun 3;32(3):379-98. DOI: 10.1108/JPBAFM-07-2019-0113
• dc.identifier.doi http://dx.doi.org/10.1108/JPBAFM-07-2019-0113
• dc.identifier.issn 1096-3367
• dc.identifier.uri http://hdl.handle.net/10230/47233
• dc.language.iso eng
• dc.publisher Emerald
• dc.relation.ispartof Journal of Public budgeting, accounting & financial management. 2020 Jun 3;32(3):379-98
• dc.rights © Yuliya Kasperskaya and Ramon Xifré. Published by Emerald Publishing Limited. This article is published under the Creative Commons Attribution (CC BY 4.0) licence. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this licence may be seen at http://creativecommons.org/licences/by/4.0/legalcode.
• dc.rights.accessRights info:eu-repo/semantics/openAccess
• dc.rights.uri http://creativecommons.org/licences/by/4.0/
• dc.subject.keyword Reliabilityen
• dc.subject.keyword Scrutinyen
• dc.subject.keyword Transparencyen
• dc.subject.keyword Budgetary analytical capacityen
• dc.subject.keyword Fiscal disciplineen
• dc.title The analytical capacity of budgetary administrations: the case of the Euro areaen
• dc.type info:eu-repo/semantics/article
• dc.type.version info:eu-repo/semantics/publishedVersion