A Principal-Agent Theory Approach to Public Expenditure Management Systems in Developing Countries

A Principal-Agent Theory Approach to Public Expenditure Management Systems in Developing Countries; Luc Leruth and Elisabeth Paul; IMF Working Paper 06/204; September 1, 2006

This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate. A well-functioning public expenditure management (PEM) system...

Lessons from principal-agent theory for public expenditure management in Pacific island countries

Pacific Economic Bulletin Volume 21 Number 2 2006 © Asia Pacific Press The paper discusses how the principal-agent theory of economics may provide a suitable analytical framework and interesting lessons for the targeting of public expenditure management reforms in Pacific island economies. Elisabeth Paul is FNRS Research Fellow, University of Liège. Lessons from principal-agent theory for publi...

Structural Contributors to Public Revenues in Developing Countries

Since 1960s and the following financial crisis in developing countries, a wide research has been conducted on financial capability of states in repayment of their debts. Though having been considered at various importance levels during the past decades, this subject seems to have today become a controversial issue in economic discourses. In principle, three indices are applied to determine the ...

Analysis of the Evolutionary Game Theory in Agent-Based Computational Systems: OPEC Oil-Producing Countries

This study suggests a new method for analysing the behavioral economics issues in the framework of game theory. In this context, bounded rational agents interact with one another in a strategic manner. Therefore, conventional economic modeling techniques are unable to explaine this kind of interactions. In this regard, evolutionary game theory and agent-based modeling are known as the most suit...

How will we move towards a “Working Theory of Public Sector Management Change” in Developing Countries?