IDEAS home Printed from https://ideas.repec.org/a/taf/flgsxx/v46y2020i5p716-733.html
   My bibliography  Save this article

Economic resilience after the Great Recession: an examination of unreserved fund balance in Michigan counties

Author

Listed:
  • Shu Wang
  • Eric Scorsone

Abstract

This paper examines fiscal slack, in the form of unreserved fund balance, as a tool used by local governments to enhance economic resilience. It adapts ecological, engineering, and organisational definitions of economic resilience and investigate their relevance to local financial management in the United States after the Great Recession in 2008. Using group-based trajectory modelling, we identify different strategies of fund balances used by Michigan counties. The change of fund balance does not delineate any pattern theorised by the resilience concepts. We also find different factors that motivate local officials to manage their fund balances differently. The study suggests a nuanced understanding of fiscal slack used by local governments for economic resilience that goes beyond unreserved fund balance.

Suggested Citation

  • Shu Wang & Eric Scorsone, 2020. "Economic resilience after the Great Recession: an examination of unreserved fund balance in Michigan counties," Local Government Studies, Taylor & Francis Journals, vol. 46(5), pages 716-733, September.
    • Handle: RePEc:taf:flgsxx:v:46:y:2020:i:5:p:716-733
    DOI: 10.1080/03003930.2019.1653285
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/03003930.2019.1653285
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/03003930.2019.1653285?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mark Davidson & Kevin Ward, 2022. "Post-great recession municipal budgeting and governance: A mixed methods analysis of budget stress and reform," Environment and Planning A, , vol. 54(4), pages 634-652, June.
    2. Katarzyna Aleksandra Wόjtowicz & Sabina Hodžić, 2022. "Financial Resilience in the Face of Turbulent Times: Evidence from Poland and Croatian Cities," Sustainability, MDPI, vol. 14(17), pages 1-16, August.
    3. Michelle L. Lofton, 2022. "The impact of excess taxing capacity on short‐term resources," Public Budgeting & Finance, Wiley Blackwell, vol. 42(1), pages 3-27, March.
    4. Michelle L. Lofton & Mikhail Ivonchyk, 2022. "Financial manager professionalism and use of interfund transfers: Evidence from Georgia counties," Public Budgeting & Finance, Wiley Blackwell, vol. 42(2), pages 171-195, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:flgsxx:v:46:y:2020:i:5:p:716-733. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/flgs .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.