Factors that Determine Fiscal Transparency in Latin America
Journal Title: RHS-Revista Humanismo y Sociedad - Year 2023, Vol 11, Issue 2
Abstract
Fiscal transparency has been consistently identified as a key feature of efficient fiscal policy and a prerequisite for good public governance. This text examines the determinants of fiscal transparency in Latin America, based on a panel model of fixed effects, on a sample of 13 Latin American countries in the period 2006-2021. The results show that regulatory quality is a determining factor of fiscal transparency in the region and evidences the importance of institutions in fiscal policies. However, the abundance of natural resources and trade openness do not have a significant impact on fiscal transparency, measured through the open budget index. Good regulatory quality implies that tax laws and regulations are available and accessible to the public in a clear and understandable manner. By establishing easy to understand and effective rules, the margin for discretion and arbitrariness in the application of tax regulations is reduced. The results contribute to reinforcing knowledge about the determining factors and the importance of fiscal transparency in the countries of the region.
Authors and Affiliations
Pierre Desfrancois
Keywords
Related Articles
- EP ID EP721170
- DOI https://orcid.org/0000-0003-2841-3272
- Views 46
- Downloads 0
Building Metacognitive Skills Using AI Tools to Help Higher Education Students Reflect on Their Learning Process
This study examines how AI can be used to improve higher education students’ ability to learn effectively. The research focuses on using AI to enhance metacognition, which is the students’ ability to understand and contr...
Evaluating Large Retailers Corporate Social Responsibility: A Comparative Analysis in Montería, Colombia
This article presents an evaluation of corporate social responsibility (CSR) of large retailers in the city of Montería, Colombia. The document presents the results of a research project developed by Corporación Universi...
Consumer Style Inventory (CSI) Revisited: The case of Millennial Decision-making Style in a Developing Market
This research study explores the buying styles of young consumers, especially the millennials (Gen Y, and Gen Z), whose idiosyncrasies and consumption peculiarities are quite different from previous generations. This pre...
Complex thought as a key tool to face the challenge of equality for human beings
Nowadays, when the mighty of the earth advance at the speed of a meteor with the sole objective of commodifying for their own benefit –under a winner-takes-all logic–; when, in need of inequality (they are nourished by a...
Motivation: Goals, Expectations and Values-Interests related to Learning in Ecuadorian Adolescents. Preliminary Results
The aim of this article is to analyze the motivations that adolescents have for their learning process, from the conception of goals, expectations and values-interests. The researchers relied on the theoretical reference...