THE EXPENDITURE-FINANCING DECISION IN BRITISH LOCAL GOVERNMENT

In: Policy & politics: advancing knowledge in public and social policy, Band 5, Heft 1, S. 5-24

Abstract

USING DIFFERENT VARIABLES AND APPROACHES, POLITICAL SCIENTISTS AND ECONOMISTS HAVE TRIED TO EXPLAIN LOCAL EXPENDITURE. IN THIS ARTICLE, A SIMULTANEOUS EQUATION MODEL IS DEVELOPED THAT COMBINES BOTH POLITICAL AND ECONOMIC THEORY. THE GENERAL ARGUMENT IS THAT THE SIMULTANEOUS EQUATION MODEL MOST REALISTICALLY REPRESENTS THE DECISIONPROCESS IN LOCAL GOVERNMENT AUTHORITIES.