Assessing the Returns on Investment in Data Openness and Transparency:
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 sover...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2020
|
| Schriftenreihe: | World Bank E-Library Archive
|
| Online-Zugang: | Volltext |
| Zusammenfassung: | 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 USD 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 USD 73.6 million |
| Beschreibung: | 1 Online-Ressource (34 Seiten) |
| DOI: | 10.1596/1813-9450-9139 |
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| 520 | |a 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 USD 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 USD 73.6 million | ||
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| indexdate | 2025-02-20T07:20:09Z |
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| language | English |
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| spellingShingle | Kubota, Megumi Assessing the Returns on Investment in Data Openness and Transparency |
| title | Assessing the Returns on Investment in Data Openness and Transparency |
| title_auth | Assessing the Returns on Investment in Data Openness and Transparency |
| title_exact_search | Assessing the Returns on Investment in Data Openness and Transparency |
| title_exact_search_txtP | Assessing the Returns on Investment in Data Openness and Transparency |
| title_full | Assessing the Returns on Investment in Data Openness and Transparency Megumi Kubota |
| title_fullStr | Assessing the Returns on Investment in Data Openness and Transparency Megumi Kubota |
| title_full_unstemmed | Assessing the Returns on Investment in Data Openness and Transparency Megumi Kubota |
| title_short | Assessing the Returns on Investment in Data Openness and Transparency |
| title_sort | assessing the returns on investment in data openness and transparency |
| url | https://doi.org/10.1596/1813-9450-9139 |
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