Language:
English
Pages:
1 Online-Ressource (29 p.)
,
21 x 28cm.
Titel der Quelle:
OECD Journal on Budgeting
Angaben zur Quelle:
Vol. 14, no. 3, p. 1-29
Angaben zur Quelle:
volume:14
Angaben zur Quelle:
year:2015
Angaben zur Quelle:
number:3
Angaben zur Quelle:
pages:1-29
Keywords:
Finance and Investment
;
Governance
Abstract:
Legislative budget institutions are established and operated in different forms according to the various political and social experiences and financial circumstances of each country. Note, however, that research studies on the causes thereof are not only few in number but also focus mostly on the fact that legislative budget institutions are determined according to the “form of government”. In this light, this study establishes the comparison and analysis of the legislative budget institution of each country. The implication of this study is as follows. Firstly, this study approaches the Legislature’s capacity from a comprehensive and three-dimensional point of view in order to compile sub-indices of each legislative budgetary institution index. In other words, this study is to approach the financial authority vested to the Legislature and the Legislature’s capacity to exercise such authority from a comprehensive point of view in measuring such indices. Secondly, the accuracy of indices in this study has been improved by deriving relative weighting for sub-indices of each legislative budgetary institution index through AHP questionnaire surveys and analyses. In other words, AHP analysis can ensure the practicality and accuracy of measurement of indices and present a scheme to compile more universal and relevant indices. It is, however, necessary to consider sub-indices such as elements of legal system and related agencies. Also this study has a limitation in that it fails to fully explain the actual conditions of operation of institutions in the unique political, social, and economic settings of each country. JEL Classification: H11, H50, H83 Keywords: Legislative Budget Institution, Legislative Budget Institution Index, AHP
DOI:
10.1787/budget-14-5jrw6591frbw
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