A Panel Data Analysis of the Impacts of Institutional Differences on Local Governments’ Budgetary Decisions
41 p.
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2017
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sg-ntu-dr.10356-825562020-03-07T12:10:37Z A Panel Data Analysis of the Impacts of Institutional Differences on Local Governments’ Budgetary Decisions Kim, Soojin Eom, Tae Ho School of Humanities and Social Sciences Administration and democracy Budgeting 41 p. This study provides empirical evidence on how institutional differences influence school budget decisions by using panel data from 178 K-12 New Jersey school districts for the period 1996 to 2007. The findings obtained by the Newey-West model, correcting heteroskedasticity and serial correlation, support our hypothesis that school districts with elected school boards (Type II districts) are more likely to be effective at lowering school spending than ones with appointed school boards (Type I districts). Viewing school systems through the lens of new institutional economics, this study argues that institutional differences in governance are critical in leading to differences in budgetary decisions by affecting incentive structures faced by public officials, along with transaction costs and agency costs. Accepted Version 2017-05-26T07:48:05Z 2019-12-06T14:57:54Z 2017-05-26T07:48:05Z 2019-12-06T14:57:54Z 2015 2015 Journal Article Kim, S., & Eom, T. H. (2015). A panel data analysis of the impacts of institutional differences on local governments' budgetary decisions. International Review of Administrative Sciences, 82(3), 559-579. 0020-8523 https://hdl.handle.net/10356/82556 http://hdl.handle.net/10220/42510 10.1177/0020852314564306 189437 en International Review of Administrative Sciences © 2015 The Author. This is the author created version of a work that has been peer reviewed and accepted for publication in International Review of Administrative Sciences, published by SAGE on behalf of the Author. It incorporates referee’s comments but changes resulting from the publishing process, such as copyediting, structural formatting, may not be reflected in this document. The published version is available at: [http://dx.doi.org/10.1177/0020852314564306]. application/pdf |
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Nanyang Technological University |
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NTU Library |
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Singapore |
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DR-NTU |
| language |
English |
| topic |
Administration and democracy Budgeting |
| spellingShingle |
Administration and democracy Budgeting Kim, Soojin Eom, Tae Ho A Panel Data Analysis of the Impacts of Institutional Differences on Local Governments’ Budgetary Decisions |
| description |
41 p. |
| author2 |
School of Humanities and Social Sciences |
| author_facet |
School of Humanities and Social Sciences Kim, Soojin Eom, Tae Ho |
| format |
Article |
| author |
Kim, Soojin Eom, Tae Ho |
| author_sort |
Kim, Soojin |
| title |
A Panel Data Analysis of the Impacts of Institutional Differences on Local Governments’ Budgetary Decisions |
| title_short |
A Panel Data Analysis of the Impacts of Institutional Differences on Local Governments’ Budgetary Decisions |
| title_full |
A Panel Data Analysis of the Impacts of Institutional Differences on Local Governments’ Budgetary Decisions |
| title_fullStr |
A Panel Data Analysis of the Impacts of Institutional Differences on Local Governments’ Budgetary Decisions |
| title_full_unstemmed |
A Panel Data Analysis of the Impacts of Institutional Differences on Local Governments’ Budgetary Decisions |
| title_sort |
panel data analysis of the impacts of institutional differences on local governments’ budgetary decisions |
| publishDate |
2017 |
| url |
https://hdl.handle.net/10356/82556 http://hdl.handle.net/10220/42510 |
| _version_ |
1681041628797599744 |