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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.
Data Access --- Data Openness --- Debt Markets --- Economic Data Transparency --- Economic Information --- Economic Policy, Institutions and Governance --- External Borrowing --- External Debt --- Finance and Financial Sector Development --- International Economics and Trade --- Macroeconomics and Economic Growth --- Public Debt --- Spreads
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This paper uses a "mystery client" approach and visits the websites of national statistical offices and international microdata libraries to assess whether foundational microdata sets for countries in the Middle East and North Africa region are collected, up to date, and made available to researchers. The focus is on population and economic censuses, price data and consumption, labor, health, and establishment surveys. Following the exercise, a new microdata access indicator that measures the degree of opennes of microdata and the ease with which microdata users can understand and navigate the websites of national statistical offices is presented. The results show that about half of the expected core data sets are being collected and that only a fraction is made available publicly. As a consequence, many summary statistics, including national accounts and welfare estimates, are outdated and of limited relevance to decision makers. Additional investments in microdata collection and publication of the data once collected are strongly advised. National statistical offices in the region should make considerable improvements to the outlook of their websites to make them more user friendly. Specifically, microdata libraries and updated survey calendars should be a standard feature of the websites to ensure easy access to available microdata.
Census Data --- Consumer Survey --- Data Openness --- Data Transparency --- Demographic and Health Survey --- E-Government --- Governance --- Household Survey --- ICT Data and Statistics --- ICT Policy and Strategies --- Inequality --- Information and Communication Technologies --- Living Standards --- Living Standards Measurement Survey --- Microdata --- National Statistical Office --- Official Statistics --- Poverty Estimate --- Poverty Lines --- Poverty Reduction --- Statistical Indicators
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