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Ineffective fiscal rules? The effect of public sector accounting standards on budgets, efficiency, and accountability

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  • Dorn, Florian
  • Gaebler, Stefanie
  • Roesel, Felix
Abstract
International organizations have encouraged national governments to switch from traditional cash-based to business-like accrual accounting, on the presumption that long-run benefits may outweigh substantial implementation and operating costs.We use a quasi-experimental setting to evaluate whether changing public sector accounting standards is justified. Some local governments in the German federal state of Bavaria introduced accrual accounting while others retained cash-based accounting. Difference-in-differences and event-study results do not show that (capital) expenditures, public debt, voter turnout, or government efficiency developed differently after changes in accounting standards. Operating costs of administration, however, increase under accrual accounting.

Suggested Citation

  • Dorn, Florian & Gaebler, Stefanie & Roesel, Felix, 2019. "Ineffective fiscal rules? The effect of public sector accounting standards on budgets, efficiency, and accountability," Munich Reprints in Economics 78263, University of Munich, Department of Economics.
    • Handle: RePEc:lmu:muenar:78263
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    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration

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