Volume 6, Issue 23 (Summer 2018)
IUESA 2018, 6(23): 81-95 |
Back to browse issues page
Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:
Gholizadeh A A, Aminirad M. Determining the Optimal Structure of Tehran Municipality Income Basis Based on Risk and Returns. IUESA 2018; 6 (23) :81-95
URL: http://iueam.ir/article-1-961-en.html
URL: http://iueam.ir/article-1-961-en.html
1- Department of Economics, Faculty of Economics and Social Sciences, Bu-Ali Sina University, Hamedan, Iran , z_aliak@yahoo.com
2- Faculty of Economics and Social Sciences, Bu-Ali Sina University, Hamedan, Iran
2- Faculty of Economics and Social Sciences, Bu-Ali Sina University, Hamedan, Iran
Abstract: (4255 Views)
The financial health of municipal budgets is of great importance, and its feedback is the ability of the municipality to provide optimal and continuous services to citizens. In recent decades, due to the lack of financial resources of municipalities, the key problem in the development of the cities of the country was the non-compliance of municipal expenditures and income from the structure of the city economy. The metropolitan municipality, unlike the state that is dependent on oil revenues, has no source of income but urban economy (sales of congestion, dues, etc.) Moreover, the survival of the organization and its services depend on the dynamism and reliability of its economy. Given the importance of municipal revenue structure, in this study, the income and expenditure structure of Tehran Municipality was compared with selected municipalities, then, using Tehran Municipality data during the period of 2001-2015 and Markowitz’s model, the share of each income code based on minimizing risk, maximizing expected returns, and Sharp’s benchmark in the income portfolio of Tehran Municipality was estimated. The results showed that Tehran Municipality’s revenue structure is not suitable and has a significant difference with estimated weights based on the maximization criteria of expected returns, risk minimization and Sharp’s benchmark.
Keywords: Budget Optimization, Local Government, Income Portfolio, Risk and Returns, Tehran Municipality
Type of Study: Research |
Subject:
Special
Received: 2017/04/18 | Accepted: 2017/09/10 | Published: 2018/07/31 | ePublished: 2018/07/31
Received: 2017/04/18 | Accepted: 2017/09/10 | Published: 2018/07/31 | ePublished: 2018/07/31
Send email to the article author
| Rights and permissions | |
 |
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. |
