Papers by William (Bill) Allan
The views expressed in this Working Paper are those of the author(s) and do not necessarily repre... more The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.
The Last Empires, 2017
Governance at every level should aim to improve the well-being of all citizens within its span of... more Governance at every level should aim to improve the well-being of all citizens within its span of concern. But present GDP measures, based primarily on commercial financial transactions rather than social well-being, significantly limit the power of economic theory to explain or justify broad social policy. The chapter reviews major international reform programs including adoption of accrual basis accounts by many governments, and recent work on Integrated Reporting (hereafter, ) by the International Integrated Reporting Council (IIRC) that significantly broadens the concepts of capital and value creation or diminution for both corporations and government entities. The chapter proposes systematic introduction of an integrated standards-based program to establish government balance sheet approaches and to introduce standards, combined with a revised and coordinated international program on government and enterprise accountability and risk management.
The use of general descriptive names, registered names, trademarks, service marks, etc. in this p... more The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use.
IMF Working Papers, 1994
By Ali Hashim and Bill Allan; Core Functional Requirements for Fiscal Management Systems.
Using data for the 2000s, this paper explores the impact of foreign aid and the percentage of wom... more Using data for the 2000s, this paper explores the impact of foreign aid and the percentage of women in parliament on corruption. In doing so, it combines the aidcorruption literature with the literature that addresses the impact of gender on corruption. We also inquire if aid is more effective in countries with a larger participation of women in parliament. We find that neither aid nor the percentage of women in parliament affects perceived corruption in a significant way. Moreover, the impact of aid on corruption does not seem to be affected by the share of women in parliament.On the other hand,a long-established democracy is consistently found to be significant in affecting corruption.Our results are robust to various specifications, alternative measures of corruption and use of estimation techniques. The authors would like to thank an anonymous referee for valuable comments.
Chapter 25 (pp. 540-554) The International Handbook of Public Financial Management, 2013
The way that we measure society’s wellbeing profoundly influences how our private and public ente... more The way that we measure society’s wellbeing profoundly influences how our private and public enterprises meet entity, national, and global goals. The inadequacies of GDP as an indicator of social wellbeing are now widely recognized, and neoliberal dismissal of the worth of government activity is losing credibility. Michel Foucault for a time considered neoliberal economic theory as providing an ideal set of principles for social decisions, but ultimately saw economics as an essential but partial remedy. The body of his work argues strongly for evidence-based deliberation of all dimensions of social policy. Modern social science and public administration theory point toward a comparably holistic approach. Principles established in recent years by the International Integrated Reporting Council (IIRC) open new possibilities and challenges. They redefine private and public entity responsibilities for managing the entire range of social and commercial capital: as well as the three standard forms of commercial capital, three ‘public-interest’ capitals—human, natural, and social—must be managed and accounted for by all entities. Implementation of integrated accounting (<IR>) practice at entity level would establish a clear and socially attuned assignment of private and public management responsibilities and performance. It should lead to the eventual replacement or modification of GDP to create a more accurate and fair measures of social wellbeing to guide national and global policies. Global climate change action provides the clearest example of the need for coordination of public and private actors on natural capital management. Other forms of capital, particularly private and public management of social capital, including social data on the internet, however, pose major new challenges. At a dangerous time for vulnerable communities and for global security, it is vital that international cooperation be increased, that new rules be established to maintain world order, and that the US engage cooperatively in that order.
Key words—GDP, empires, integrated reporting, accountability, public financial management (PFM), fiscal risk management, neoliberalism, populism, social capital, climate change, multilateralism, global security.
Copyright © 1999 The International Bank for Reconstruction and Development / THE WORLD BANK 1818 ... more Copyright © 1999 The International Bank for Reconstruction and Development / THE WORLD BANK 1818 H Street, NW Washington, DC 20433, USA All rights reserved Manufactured in the United States of America First printing November 1998 The findings, interpretations, and ...
World Bank Technical Papers, 2001
By Ali Hashim and Bill Allan; Core Functional Requirements for Fiscal Management Systems.
By Ali Hashim and Bill Allan; Core Functional Requirements for Fiscal Management Systems.
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Papers by William (Bill) Allan
Key words—GDP, empires, integrated reporting, accountability, public financial management (PFM), fiscal risk management, neoliberalism, populism, social capital, climate change, multilateralism, global security.
Key words—GDP, empires, integrated reporting, accountability, public financial management (PFM), fiscal risk management, neoliberalism, populism, social capital, climate change, multilateralism, global security.