A new view of the economy as an evolving, complex system has been pioneered at the Santa Fe Institute over the last ten years. This volume is a collection of articles that shape and define this view—a view of the economy as emerging from the interactions of individual agents whose behavior constantl
The Local Budget as a Complex System
✍ Scribed by Jeffrey Chapman
- Publisher
- Palgrave Macmillan
- Year
- 2022
- Tongue
- English
- Leaves
- 120
- Series
- Palgrave Studies in Public Debt, Spending, and Revenue
- Category
- Library
No coin nor oath required. For personal study only.
✦ Synopsis
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.
✦ Table of Contents
Preface
Bibliography
Contents
List of Figures
1 The Local Budget as a Complex System: Overview, Concepts, and Definitions
Governance
Dynamic Capabilities/Capacity
Bibliography
2 What Is Fiscal Sustainability?
Bibliography
3 The Revenue Module
Sales Taxes
Property Taxes
Local Income Taxes
Intergovernmental Transfers
Contributions for Pensions and Other Post-Employment Benefits
User Fees and Charges
Cash Management
Fund Transfers
Expenditures
Bibliography
4 The Expenditure Module
Bibliography
5 Debt
Types of Debt
Debt Actors
Bibliography
6 Economic Development
Bibliography
7 The Interrelationships of Dynamic Complexity in Budgeting
Bibliography
Appendix
Bibliography
Index
📜 SIMILAR VOLUMES
<span><span>There has been a rapid increase in the interest in the study of Islamic finance, resulting in a dramatic rise in financing since the beginning of the century. By the end of 2017 global industry assets had reached $2.4 trillion and were forecasted to reach $3.2 trillion by 2020, despite h
In an effort to bridge the gap between budget theorists and practitioners, this book approaches local government budgeting as the internal resource allocation process of a highly differentiated organization that operates in a very political environment, and whose boundaries are particularly permeabl
This book provides a comprehensive treatment of all aspects of local budgeting needed to develop sound fiscal administration such as setting priorities, planning, financial control over inputs, management of operations and accountability to citizens. Topics covered include fiscal administration, for
<P>Perceiving the economy as a complex dynamic system, generates a need for new tools for its study. As a constructive simulation method, Agent-Based Computational Economics (ACE) has in recent years proven its strength and extensive applicability. Fields of study are widely spread within economics,
<p><P>Perceiving the economy as a complex dynamic system, generates a need for new tools for its study. As a constructive simulation method, Agent-Based Computational Economics (ACE) has in recent years proven its strength and extensive applicability. Fields of study are widely spread within economi