Can participatory budgeting mitigate government debt risk？-An empirical analysis using cross-national panel data.

ABSTRACT:

Objectives

Participatory budgeting, serving as a complementary mechanism to traditional democratic practices, grants citizens direct involvement in the budgetary decision-making process, thereby embodying features of direct democracy. It has consequently gained recognition and promotion in numerous countries. However, scholarly opinion remains divided regarding the efficacy of participatory budgeting in mitigating government debt risks. This study seeks to address this ongoing academic debate by employing a cross-national panel data.

Methods

Utilizing a dataset of 664 samples from 83 countries between 2008 and 2023, sourced from the International Budget Partnership (IBP), this study combines survey data on public participatory budgeting opportunities with government debt sta

SUBMITTER: Li Y 

PROVIDER: S-EPMC12685174 | biostudies-literature | 2025

REPOSITORIES: biostudies-literature