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The impact of state capital budget and management programs on state capital budget decisions and economic performance.

机译:州资本预算和管理计划对州资本预算决策和经济绩效的影响。

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摘要

The normative public capital budgeting literature, including textbooks and public finance and budgeting associations, advocates a systematic capital management process in which four main components: long-range capital planning, long-range capital budgeting, project management, and maintenance should be included. Based on the principles of these components, the process is characterized as centralized, strategic, and knowledge-based.; While the normative literature recommends such strategic approaches, the benefits of the process are rarely empirically examined. If the strategic capital management approach leads to better infrastructure investment, it should enhance economic performance since public infrastructure is an input in production processes. This dissertation investigates the impact of strategic capital management programs on economic performance through public capital spending levels. The second purpose is to understand how strategic practices affect a capital budget decision process. The final purpose is to understand why some components are not fully adopted.; The empirical study utilizes the state economic growth model and is estimated using data from fifty states from 1997 to 2004. Like previous studies of state economic growth, the model controls for individual state characteristics, time trends, and serial correlations. Unlike previous studies, this study includes measures of state management practices. The estimation results indicate that the highly strategic management programs have indirect and positive impacts on state economic growth through state capital spending levels. The effects of the strategic capital management programs are important, given that public infrastructure provision is a responsibility of state governments. This finding extends state economic development literature by showing that government management is another explanatory variable for state economic growth in addition to capital spending levels.; The Illinois capital budget process was also analyzed. The case study data included interviews and public documents. The results indicate that Illinois budgeters' perceptions are that the adopted strategic practices encouraged efficient and effective investment policies, while promoting the state's fiscal discipline. Interview data suggested that statewide long-range capital planning is not adopted because the state budgeters view that (1) the state government should allow local governments the discretion regarding investment choices and (2) elected officials' investment choices should not be constrained by long-range planning.
机译:规范性的公共资本预算文献,包括教科书和公共财政与预算协会,提倡系统的资本管理过程,其中应包括四个主要组成部分:长期资本计划,长期资本预算,项目管理和维护。根据这些组件的原理,该过程的特点是集中,战略和基于知识。虽然规范性文献建议采用这种战略方法,但很少凭经验检查该过程的好处。如果战略性资本管理方法可以带来更好的基础设施投资,那么它应该会提高经济绩效,因为公共基础设施是生产过程中的一项投入。本文通过公共资本支出水平研究了战略资本管理计划对经济绩效的影响。第二个目的是了解战略实践如何影响资本预算决策过程。最终目的是了解为什么未完全采用某些组件。实证研究利用了州经济增长模型,并使用了1997年至2004年来自五十个州的数据进行了估计。与以前的州经济增长研究一样,该模型控制着各个州的特征,时间趋势和序列相关性。与以前的研究不同,本研究包括状态管理实践的度量。估计结果表明,高度战略性的管理计划通过州资本支出水平对州经济增长具有间接和积极的影响。鉴于公共基础设施的提供是州政府的责任,因此战略资本管理计划的效果非常重要。这一发现扩展了州经济发展的文献,它表明,除了资本支出水平外,政府管理是州经济增长的另一个解释变量。还分析了伊利诺伊州的资本预算程序。案例研究数据包括访谈和公共文件。结果表明,伊利诺伊州预算编制者的看法是,所采用的战略做法鼓励了有效的投资政策,同时促进了州的财政纪律。访谈数据表明,由于州预算员认为(1)州政府应允许地方政府在投资选择方面享有酌处权,并且(2)民选官员的投资选择不应受到长期投资的限制,因此不采用全州范围的长期资本计划。范围规划。

著录项

  • 作者

    Srithongrung, Arwiphawee.;

  • 作者单位

    University of Illinois at Springfield.;

  • 授予单位 University of Illinois at Springfield.;
  • 学科 Business Administration Accounting.; Political Science Public Administration.
  • 学位 D.P.A.
  • 年度 2006
  • 页码 277 p.
  • 总页数 277
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类 财务管理、经济核算;政治理论;
  • 关键词

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