Innovation in local government risk financing: lessons from the UK and Nordic experiences

John Hood; William Stein; Pekka Valkama

Innovation in local government risk financing: lessons from the UK and Nordic experiences

John Hood, William Stein, Pekka Valkama

Risk

Research output: Chapter in Book/Report/Conference proceeding › Chapter

Abstract

Book abstract: Compared with coverage of organizational innovation, public sector financial innovation has tended to be neglected in the literature. When it has been considered, the strong focus of classical public finance for optimal taxation and tax types has overshadowed new and interesting developments in other areas of public finance. In this book alternative and innovative public finance methods are highlighted and assessed, including new forms of private, mutual municipal, public-private and 'reverse' state funding of public investments, co-payments and shared contributions, vouchers, and pooled public risk-financing. Case studies cover the Nordic countries, UK, Spain, Slovenia, Slovakia, Turkey and South Korea and provide detailed 'how-to-do' practical guidance for implementation of these innovative funding methods.

Original language	English
Title of host publication	Innovations in Financing Public Services: Country Case Studies
Publisher	Palgrave Macmillan
ISBN (Print)	9780230241596
Publication status	Published - 1 Jan 2010

Keywords

risk financing
local government
UK
Nordic countries

Documents and Links

http://researchonline.gcu.ac.uk/cbs/190

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title = "Innovation in local government risk financing: lessons from the UK and Nordic experiences",

abstract = "Book abstract: Compared with coverage of organizational innovation, public sector financial innovation has tended to be neglected in the literature. When it has been considered, the strong focus of classical public finance for optimal taxation and tax types has overshadowed new and interesting developments in other areas of public finance. In this book alternative and innovative public finance methods are highlighted and assessed, including new forms of private, mutual municipal, public-private and 'reverse' state funding of public investments, co-payments and shared contributions, vouchers, and pooled public risk-financing. Case studies cover the Nordic countries, UK, Spain, Slovenia, Slovakia, Turkey and South Korea and provide detailed 'how-to-do' practical guidance for implementation of these innovative funding methods.",

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AU - Stein, William

AU - Valkama, Pekka

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N2 - Book abstract: Compared with coverage of organizational innovation, public sector financial innovation has tended to be neglected in the literature. When it has been considered, the strong focus of classical public finance for optimal taxation and tax types has overshadowed new and interesting developments in other areas of public finance. In this book alternative and innovative public finance methods are highlighted and assessed, including new forms of private, mutual municipal, public-private and 'reverse' state funding of public investments, co-payments and shared contributions, vouchers, and pooled public risk-financing. Case studies cover the Nordic countries, UK, Spain, Slovenia, Slovakia, Turkey and South Korea and provide detailed 'how-to-do' practical guidance for implementation of these innovative funding methods.

AB - Book abstract: Compared with coverage of organizational innovation, public sector financial innovation has tended to be neglected in the literature. When it has been considered, the strong focus of classical public finance for optimal taxation and tax types has overshadowed new and interesting developments in other areas of public finance. In this book alternative and innovative public finance methods are highlighted and assessed, including new forms of private, mutual municipal, public-private and 'reverse' state funding of public investments, co-payments and shared contributions, vouchers, and pooled public risk-financing. Case studies cover the Nordic countries, UK, Spain, Slovenia, Slovakia, Turkey and South Korea and provide detailed 'how-to-do' practical guidance for implementation of these innovative funding methods.

KW - risk financing

KW - local government

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KW - Nordic countries

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BT - Innovations in Financing Public Services: Country Case Studies

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