Assessing the Returns on Investment in Data Openness and Transparency

doi:10.1596/1813-9450-9139

Publication:
Assessing the Returns on Investment in Data Openness and Transparency

dc.contributor.author	Kubota, Megumi
dc.contributor.author	Zeufack, Albert
dc.date.accessioned	2020-02-06T17:34:57Z
dc.date.available	2020-02-06T17:34:57Z
dc.date.issued	2020-01
dc.description.abstract	This paper investigates the potential benefits for a country from investing in data transparency. The paper shows that increased data transparency can bring substantive returns in lower costs of external borrowing. This result is obtained by estimating the impact of public data transparency on sovereign spreads conditional on the country's level of institutional quality and public and external debt. While improving data transparency alone reduces the external borrowing costs for a country, the return is much higher when combined with stronger institutional quality and lower public and external debt. Similarly, the returns on investing in data transparency are higher when a country's integration to the global economy deepens, as captured by trade and financial openness. Estimation of an instrumental variable regression shows that Sub-Saharan African countries could have saved up to 14.5 basis points in sovereign bond spreads and decreased their external debt burden by US$405.4 million (0.02 percent of gross domestic product) in 2018, if their average level of data transparency was that of a country in the top quartile of the upper-middle-income country category. At the country level, Angola could have reduced its external debt burden by around US$73.6 million.	en
dc.identifier	http://documents.worldbank.org/curated/en/398401580479439299/Assessing-the-Returns-on-Investment-in-Data-Openness-and-Transparency
dc.identifier.doi	10.1596/1813-9450-9139
dc.identifier.uri	https://hdl.handle.net/10986/33295
dc.language	English
dc.publisher	World Bank, Washington, DC
dc.relation.ispartofseries	Policy Research Working Paper;No. 9139
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo
dc.subject	DATA ACCESS
dc.subject	DATA OPENNESS
dc.subject	ECONOMIC DATA TRANSPARENCY
dc.subject	ECONOMIC INFORMATION
dc.subject	SPREADS
dc.subject	PUBLIC DEBT
dc.subject	EXTERNAL BORROWING
dc.title	Assessing the Returns on Investment in Data Openness and Transparency	en
dc.type	Working Paper	en
dc.type	Document de travail	fr
dc.type	Documento de trabajo	es
dspace.entity.type	Publication
okr.crossref.title	Assessing the Returns on Investment in Data Openness and Transparency
okr.date.disclosure	2020-01-31
okr.doctype	Publications & Research
okr.doctype	Publications & Research::Policy Research Working Paper
okr.docurl	http://documents.worldbank.org/curated/en/398401580479439299/Assessing-the-Returns-on-Investment-in-Data-Openness-and-Transparency
okr.guid	398401580479439299
okr.identifier.doi	10.1596/1813-9450-9139
okr.identifier.externaldocumentum	090224b08757b67d_3_0
okr.identifier.internaldocumentum	31746188
okr.identifier.report	WPS9139
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/398401580479439299/pdf/Assessing-the-Returns-on-Investment-in-Data-Openness-and-Transparency.pdf	en
okr.region.administrative	Africa
okr.region.geographical	Sub-Saharan Africa
okr.statistics.combined	2238
okr.statistics.dr	398401580479439299
okr.statistics.drstats	1107
okr.topic	Public Sector Development::Public Sector Economics
okr.topic	Finance and Financial Sector Development::Debt Markets
okr.topic	Finance and Financial Sector Development::Strategic Debt Management
okr.topic	International Economics and Trade::External Debt
okr.topic	Macroeconomics and Economic Growth::Economic Policy, Institutions and Governance
okr.unit	Office of the Chief Economist, Africa Region
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