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Cakrawala Repositori Imwi
ISSN : 26208490     EISSN : 26208814     DOI : https://doi.org/10.52851/cakrawala.
Core Subject : Economy,
Jurnal Cakrawala Repositori IMWI focuses on publishing original research articles, reviewing articles from contributors, and current issues relating to Economics, Business and Management. The main purpose of the journal is to provide a platform for scholars, academics, and researchers to share contemporary thinking in the field. The work should not be published or submitted for publication elsewhere. The official language of the manuscript that will be published in Jurnal Cakrawala Repositori IMWI is Indonesian. For information and registration, contact cakrawala@imwi.ac.id. Jurnal Cakrawala Repositori IMWI is a peer-reviewed journal which is published six times a year. This journal is an open-access that publishes research outcomes with significant contributions to the understanding and improvement of management science. The review process in this journal employs a double-blind peer-review, which means that both the reviewer and author identities are concealed from the reviewers, and vice versa.
Articles 1 Documents
Search results for , issue "1700-1705" : 1 Documents clear
Government Financial Accountability and Its Implications for Economic Development Hidayat, Agus Rohmat; Nendi, Ikhsan; Hardianto, Feri; Pujayanti, Difa Ameliora
Cakrawala Repositori IMWI 1700-1705
Publisher : Institut Manajemen Wiyata Indonesia & Asosiasi Peneliti Manajemen Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52851/cakrawala.v8i5.833

Abstract

This study examines the critical relationship between government financial accountability and economic development across developing and developed nations. Through a comprehensive analysis of financial governance mechanisms, transparency frameworks, and institutional quality, we investigate how accountability systems influence macroeconomic performance. Using panel data from 85 countries spanning 2010-2024, our empirical analysis employs fixed effects regression models and instrumental variable approaches to address endogeneity concerns. Results demonstrate that enhanced financial accountability significantly correlates with improved GDP growth rates, reduced corruption indices, and increased foreign direct investment. The study reveals that countries with robust public financial management systems, characterized by transparent budgeting processes, effective auditing mechanisms, and strong parliamentary oversight, experience 2.3% higher annual GDP growth compared to nations with weaker accountability frameworks. Furthermore, our findings indicate that the relationship between accountability and development is moderated by institutional quality, with stronger effects observed in countries with established democratic governance. The research contributes to the literature by developing a comprehensive Financial Accountability Index (FAI) and providing policy recommendations for strengthening fiscal governance in emerging economies.

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