Transparency and accountability in infrastructure stimulus spending: A comparison of Canadian, Australian and U.S. programs
In response to the global financial crisis that began in late 2007, many countries took on significant levels of deficit financing in order to increase spending on public works and infrastructure. This rapid infusion of public funding has raised concerns about the accountability and transparency of stimulus measures, including how best to monitor and evaluate the allocation and impact of the funds and report back to citizens. While there is growing research on the macro-economic impacts of stimulus spending, very little comparative work has been done on the approaches of different countries to the governance of infrastructure stimulus spending programs. This article focuses on the latter by identifying and explaining the different practices in Canada, Australia and the United States in order to highlight implications for future stimulus-led investment.
|Journal||Canadian Public Administration|
Stoney, C, & Krawchenko, T. (Tamara). (2012). Transparency and accountability in infrastructure stimulus spending: A comparison of Canadian, Australian and U.S. programs. Canadian Public Administration, 55(4), 481–503. doi:10.1111/j.1754-7121.2012.00235.x