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

John Hood, William Stein, Pekka Valkama

Research output: Chapter in Book/Report/Conference proceedingChapter

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 languageEnglish
Title of host publicationInnovations in Financing Public Services: Country Case Studies
PublisherPalgrave Macmillan
ISBN (Print)9780230241596
Publication statusPublished - 1 Jan 2010

Fingerprint

Nordic
Innovation
Public finance
Financing
Local government
Funding
Guidance
South Korea
Optimal tax
Optimal taxation
Spain
Public investment
Slovak Republic
Public sector
Copayments
Vouchers
Organizational innovation
Public-private
Nordic countries
Slovenia

Keywords

  • risk financing
  • local government
  • UK
  • Nordic countries

Cite this

Hood, J., Stein, W., & Valkama, P. (2010). Innovation in local government risk financing: lessons from the UK and Nordic experiences. In Innovations in Financing Public Services: Country Case Studies Palgrave Macmillan.
Hood, John ; Stein, William ; Valkama, Pekka. / Innovation in local government risk financing: lessons from the UK and Nordic experiences. Innovations in Financing Public Services: Country Case Studies. Palgrave Macmillan, 2010.
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Hood, J, Stein, W & Valkama, P 2010, Innovation in local government risk financing: lessons from the UK and Nordic experiences. in Innovations in Financing Public Services: Country Case Studies. Palgrave Macmillan.

Innovation in local government risk financing: lessons from the UK and Nordic experiences. / Hood, John; Stein, William; Valkama, Pekka.

Innovations in Financing Public Services: Country Case Studies. Palgrave Macmillan, 2010.

Research output: Chapter in Book/Report/Conference proceedingChapter

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Hood J, Stein W, Valkama P. Innovation in local government risk financing: lessons from the UK and Nordic experiences. In Innovations in Financing Public Services: Country Case Studies. Palgrave Macmillan. 2010