The Role of Governance and Technology in Shaping Equitable Fiscal Policy
DOI:
https://doi.org/10.61978/moneta.v2i1.890Keywords:
Fiscal Sustainability, Public Debt Management, Participatory Governance, Digital Public Finance, Policy Transparency, Developing Countries, Technology IntegrationAbstract
This review addresses the gap in fiscal sustainability studies by analyzing how governance and technology jointly shape equitable fiscal outcomes across regions. Unlike prior reviews that remain descriptive, this paper integrates findings into a conceptual lens that highlights digital inclusion and participatory governance as underexplored drivers of fiscal resilience. By synthesizing evidence from diverse contexts, the study provides a novel perspective on bridging institutional and technological divides in fiscal systems. These measures are essential to achieving sustainable fiscal outcomes and reducing disparities in access and service delivery across global contexts.
References
Anjum, M. (2022). An Islamic critique of rival economic systems’ theories of interest. International Journal of Ethics and Systems, 38(4), 598–620. https://doi.org/10.1108/ijoes-08-2021-0155
Benton, M. (2021). Public justifications for the US minimum wage. Industrial Relations Journal, 52(4), 331–347. https://doi.org/10.1111/irj.12338
Bortz, P. (2023). Keynes’s theories of the business cycle: Evolution and contemporary relevance. Cambridge Journal of Economics, 47(4), 835–852. https://doi.org/10.1093/cje/bead020
Devereaux, A., & Wagner, R. (2018). Contrasting visions for macroeconomic theory: DSGE and OEE. The American Economist, 65(1), 28–50. https://doi.org/10.1177/0569434518810506
Hendrickson, J. (2017). Jürg Niehans and the cashless economy. The American Economist, 62(2), 149–164. https://doi.org/10.1177/0569434516672764
Kavaliou, A. (2019). Keynes vs. Hayek debates: Rethinking in the light of contemporary macroeconomics. St Petersburg University Journal of Economic Studies, 35(2), 283–308. https://doi.org/10.21638/spbu05.2019.206
Agrawal, R., Priyadarshinee, P., Kumar, A., Luthra, S., Garza‐Reyes, J., & Kadyan, S. (2023). Are emerging technologies unlocking the potential of sustainable practices in the context of a net-zero economy? An analysis of driving forces. Environmental Science and Pollution Research, 32(12), 7130–7148. https://doi.org/10.1007/s11356-023-26434-2
Dönnebrink, E., & Grevenbrock, N. (2022). Sustainability gap of public debt: Importance of interest rates and a new decomposition with premia. Empirica, 49(4), 1009–1030. https://doi.org/10.1007/s10663-022-09552-x
Ferraz, R. (2023). Testing the sustainability of fiscal policy during the Portuguese First Republic using stationary and cointegration tests. Economies, 11(11), 267. https://doi.org/10.3390/economies11110267
Hauptmeier, S., & Kamps, C. (2022). Debt policies in the aftermath of COVID-19 — The SGP’s debt benchmark revisited. European Journal of Political Economy, 75, 102187. https://doi.org/10.1016/j.ejpoleco.2022.102187
Kivarina, M., & Yurina, N. (2024). Assessment of the regional development of the agricultural sector in the context of digital transformation. IOP Conference Series: Earth and Environmental Science, 1405(1), 012011. https://doi.org/10.1088/1755-1315/1405/1/012011
Kivarina, M., & Yurina, N. (2024). The platform ecosystem of the regional agro-industrial complex: The concept of structure and approaches to assessment. BIO Web of Conferences, 108, 21002. https://doi.org/10.1051/bioconf/202410821002
Kő, A., Fehér, P., Kovács, T., Mitev, A., & Szabó, Z. (2021). Influencing factors of digital transformation: Management or IT is the driving force? International Journal of Innovation Science, 14(1), 1–20. https://doi.org/10.1108/ijis-01-2021-0007
Olaoye, O., & Olomola, P. (2022). Sub‐Saharan Africa's rising public debt stock: Is there a cause for concern? South African Journal of Economics, 91(1), 85–115. https://doi.org/10.1111/saje.12334
Sennoga, E., & Balma, L. (2022). Fiscal sustainability in Africa: Accelerating the post‐COVID‐19 recovery through improved public finances. African Development Review, 34(S1). https://doi.org/10.1111/1467-8268.12648
Shah, S., & Afridi, M. (2023). Empirical examination of public debt sustainability in African economies: A panel data analysis. Journal of Public Affairs, 24(1). https://doi.org/10.1002/pa.2896
Monga, C. (2023). A blueprint for employment creation. In The Oxford Handbook of Industrial Policy (pp. 675–694). https://doi.org/10.1093/oxfordhb/9780192848529.013.43
Ostapenko, V., & Buglevsky, E. (2022). Money supply in the history of macroeconomic thought: 50 shades of endogeneity. Journal of the New Economic Association, 55(3), 156–176. https://doi.org/10.31737/2221-2264-2022-55-3-8
Özden, Z., Tosun, Y., Özay, Z., & Doğan, B. (2024). Henri Fayol's management principles for sustainable development. In Handbook of Research on Sustainable Development Goals, Climate Change, and Digitalization (pp. 1–16). https://doi.org/10.4018/979-8-3693-8337-7.ch001
Repo, J. (2018). Gary Becker’s economics of population: Reproduction and neoliberal biopolitics. Economy and Society, 47(2), 234–256. https://doi.org/10.1080/03085147.2018.1484052
Rittich, K. (2022). In the middle of things: The political economy of labour beyond the market. European Law Open, 1(4), 781–807. https://doi.org/10.1017/elo.2023.11
Rochon, L., & Rossi, S. (2018). The relationship between inflation and unemployment: A critique of Friedman and Phelps. Review of Keynesian Economics, 6(4), 533–544. https://doi.org/10.4337/roke.2018.04.10
Saito, M. (2021). Central bank cryptocurrencies in a competitive equilibrium environment: Can strong money demand survive in the digital age? In Cryptocurrency and the Economy (pp. 161–189). https://doi.org/10.1007/978-981-16-2446-9_6
Scholz-Wäckerle, M. (2013). On the bottom-up foundations of the banking-macro nexus. Economics: The Open-Access, Open-Assessment E-Journal, 7(1). https://doi.org/10.5018/economics-ejournal.ja.2013-40
Seno‐Alday, S. (2015). Regionalization and risk. Multinational Business Review, 23(4), 355–373. https://doi.org/10.1108/mbr-05-2015-0018
Shiller, R. (2021). The Godley–Tobin memorial lecture*. Review of Keynesian Economics, 9(1), 1–10. https://doi.org/10.4337/roke.2021.01.01



