EAN: 9783030949051

PALGRAVE STUDIES IN PUBLIC DEBT SPENDING AND RE...

This book examines budgeting by analyzing the local government budget as a complex system  thus
adding a new dimension to traditional budget textbooks. It is designed to complement existing
texts-not replace-by putting the budget in a complex system  general equilibrium framework. A
complex systems framework adds to conventional budget analysis in at least four ways: It looks
at the budget as the result of many variables that are outside the finance department's purview
it understands that there are multiple interdependences among these variables  it suggests
analysis of non-obvious relationships among actions in the budget process in order to optimize
results  and it argues that the actors in the process must understand that their budgetary
behaviors have indirect and far-reaching implications that go beyond the budget document. This
book also uses concepts seldom discussed in the budgetary literature-that of governance 
including concepts of the facilitative state  with adjustments for exogenous shocks  the forms
of decision making  and the political climate of the jurisdiction. This framework notes methods
of success of firms in the private sector that operate in environments of rapid technological
change. While becoming a popular theoretical framework for how private sector firms change 
dynamic capability analysis has received little attention in the public management field. This
book utilizes DC since public sector organizations also face rapidly changing environments.
Lastly  the book discusses the potential relationship between the local budget and local
community welfare maximization.

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