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The Budgeting of Portuguese Public Museums
Carlos Santos
Maria Oliveira
João Coelho
其他書名
A Dynamic Panel Data Approach
出版
SSRN
, 2012
URL
http://books.google.com.hk/books?id=UHbizwEACAAJ&hl=&source=gbs_api
註釋
In this paper, the first panel on sources of funding for Portuguese publicly owned museums is explored. There has been little work in this field worldwide, and none for Portugal. Evidence in this paper seems contrary to that relating to the UK and to the US. We find that incremental budgeting still plays a major role on the funding of Portuguese museums, allowing for inefficient management and moral hazard: the interests of museums' management may diverge clearly from those of the authorities ruling them and from those of the general public. We also find that the ability to generate their own revenues plays no role in the funding allocated to museums every year. Budgeting is mainly determined by past operating costs. Policy changes seem to be advisable. The scarce relevance of museum patronage by the private sector makes a discussion of possible crowding out effects irrelevant in the current Portuguese context.