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The relationship between budgetary institutions and efficiencies : Changes after the implementation of the top-down budgeting system

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  • The relationship between budgetary institutions and efficiencies
  • Gang, Yunho
  • Seoul National University


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Title The relationship between budgetary institutions and efficiencies
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Sub Title

Changes after the implementation of the top-down budgeting system

Material Type Articles
Author(English)

Gang, Yunho

Publisher

[Seoul, S.Korea]:Seoul National University

Date 2009
Journal Title; Vol./Issue Korean Journal of Policy Studies:vol. 23(no. 2)
Pages 30
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Financial Policy
Economy < Economic Administration
Holding Seoul National University

Abstract

This paper provides an empirical analysis of the relationship between the top-down budgeting system and allocative efficiencies (budgetary outcomes) in the case of the Korean central government. From the perspective of New Institutionalism, a comparative analysis between the bottom-up budgeting system and the top-down budgeting system was carried out. The results of the analysis confirm the relationships between budgeting institutions, action situations, budgeting participants’ interactions, and allocative efficiencies. The changes in budgeting rules, and thus in action situations, due to the implementation of the top-down budgeting system led to changes in budgeting participants’ behaviors and thus in budgetary outcomes. Two behavior patterns—excessive budget requests by departments and huge budget cuts by the central budget office—were both greatly reduced. The resulting budgetary outcomes (allocative efficiencies) were changed. These changes were assessed to be reasonably beneficial in the context of the Korean budgeting situation.