The Prize for Implementing Accounting Reforms in the Public Sector Promoted by Multilateral Organizations
DOI:
https://doi.org/10.46661/revmetodoscuanteconempresa.2422Keywords:
NICSP, nueva gestión pública, administración pública, contabilidad pública, deuda externa, IPSAS, new public management, public management, public sector accounting, external debtAbstract
Nowadays, there are many countries implementing the International Public Sector Accounting Standards (IPSAS) under the assumption that they allow to provide quality to accounting information, as well as greater transparency and accountability. This research, in turn, seeks to establish that this process is articulated according to a logic in which the State is another market agent, so actors such as lenders and some multilateral organizations (e.g., the World Bank) encourage the IPSAS implementation by granting financial benefits for debtor countries. After constructing an unbalanced data panel that includes about 67 low-income countries and covers the period 2005-2012, estimating various econometric models and performing rigorous statistical tests, it is found, for example, that there is a negative relationship between the average interest rate on the new external debt and the Quality of Budgetary and Financial Management (proxy for the advance in IPSAS implementation).
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