Please use this identifier to cite or link to this item: https://hdl.handle.net/1959.11/63241
Title: Explaining Gaps In Infrastructure Investment By Municipal Governments In Australia
Contributor(s): Simmons, Phil (author); Dollery, Brian  (author)
Publication Date: 2023
Early Online Version: 2023
DOI: 10.1142/S0217590819500024
Handle Link: https://hdl.handle.net/1959.11/63241
Abstract: 

Shortfalls in infrastructure expenditure represent a ubiquitous problem in all Australian local government systems as well as in many other countries. In this paper, we use an evolutionary model to describe how local government investment decisions are made. We demonstrate that fear of reputational damage among elected councilors could cause herding behavior resulting in convergent and overly cautious investment behavior by councils. Under these conditions, divergent viewpoints amongst council members are discouraged and local government may become moribund in its decision-making. We show how this may result in "gaps" in infrastructure investment.

Publication Type: Journal Article
Source of Publication: The Singapore Economic Review, 68(2), p. 457-466
Publisher: World Scientific Publishing Co Pte Ltd
Place of Publication: Singapore
ISSN: 1793-6837
0217-5908
Fields of Research (FoR) 2020: 4407 Policy and administration
Socio-Economic Objective (SEO) 2020: tbd
Peer Reviewed: Yes
HERDC Category Description: C1 Refereed Article in a Scholarly Journal
Appears in Collections:Journal Article
UNE Business School

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