IDEAS home Printed from https://ideas.repec.org/a/ids/ijpubp/v12y2016i3-4-5-6p261-275.html
   My bibliography  Save this article

Social impact bonds: a new tool for governance of social programs - evidence from the UK, USA and Australia

Author

Listed:
  • Tamara Dimitrijevska-Markoski

Abstract

This study explores the ways in which social impact bonds (SIBs) are utilised to deliver social services in the area of criminal justice across the UK, the USA and Australia. The paper defines SIBs, explains their structure, and briefly discusses their advantages and disadvantages. Later, the three examples where SIBs are used for reducing recidivism are compared and contrasted. Even though the effectiveness of the implemented projects has not been confirmed, the paper identifies challenges for SIBs' effectiveness, efficiency, equity and manageability that need to be considered when designing a SIB.

Suggested Citation

  • Tamara Dimitrijevska-Markoski, 2016. "Social impact bonds: a new tool for governance of social programs - evidence from the UK, USA and Australia," International Journal of Public Policy, Inderscience Enterprises Ltd, vol. 12(3/4/5/6), pages 261-275.
    • Handle: RePEc:ids:ijpubp:v:12:y:2016:i:3/4/5/6:p:261-275
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=79741
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

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

    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:ids:ijpubp:v:12:y:2016:i:3/4/5/6:p:261-275. 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: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=97 .

    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.