Document Type

Book Chapter

Publication Date




Publication Title

Capital Management and Budgeting in the Public Sector




This chapter evaluates the 12 countries' capital management practices according to the systematic public capital management and budgeting process described in Chapter 1. The chapter characterizes and classifies the management practices of the twelve countries based on the authors' evaluation using the case study descriptions. The authors offer some initial observations based on comparisons across the case study countries and analysis of relationships between capital management and budgeting practices and political, economic, and public sector variables. The chapter proposes a tentative theory of public investment behavior and offers five propositions regarding the factors driving different practices across the case study countries and the consequences of a systematic capital management and budgeting process.


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0000-0003-3599-1417 (Yusuf)

Original Publication Citation

Srithongrung, A., & Yusuf, J. W. (2019). Summary, Initial Observations, and Getting to a Tentative Theory of Public Investment Behavior. In A. Srithongrung, N. Ermasova, & J. Yusuf (Eds.), Capital Management and Budgeting in the Public Sector (pp. 311-336). Hershey, PA: IGI Global. doi:10.4018/978-1-5225-7329-6.ch014