Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/82556
Title: A Panel Data Analysis of the Impacts of Institutional Differences on Local Governments’ Budgetary Decisions
Authors: Kim, Soojin
Eom, Tae Ho
Keywords: Administration and democracy
Budgeting
Issue Date: 2015
Source: 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.
Series/Report no.: International Review of Administrative Sciences
Abstract: 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.
Description: 41 p.
URI: https://hdl.handle.net/10356/82556
http://hdl.handle.net/10220/42510
ISSN: 0020-8523
DOI: 10.1177/0020852314564306
Schools: School of Humanities and Social Sciences 
Rights: © 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].
Fulltext Permission: open
Fulltext Availability: With Fulltext
Appears in Collections:HSS Journal Articles

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