Resource Utilization And Financial Sustain Ability Of Devolved Administrations: A Critical Literature Review

Abstract

Issues of resources utilization ar crucial since that capacity of organizations to fully and profitably exploit resources is a key indicator of competitiveness. In past several years, economic instability has emerged in economies worldwid and emphasis on financial sustainability need not be compromised There is need for states to embr ce innovation and creativity to be able to manage scarce resources and be self dependent. This studv aimed at establishing how resource utilization impact on financial sustainability of devolved administrations. This is a literature review paper whereby detailed literature of the objectives of the study was done. Various studies in the area of interest were reviewed to help the researcher t formulate a problem statement and give a wider perspective of the study variables. Theoretical literature review was explored particularly on key theories and theoretical relationships that helped to gain deeper understanding of the study variables. A review of how the study variables have been measured by previous researchers was done as well as critique of the literature reviewed in this study. Further, empirical literature review under which related empirical studies explaining the .tudy variables are discussed. From the theoretical and empirical literature reviewed a conceptual framework was developed to illustrate the study variables relationship. The findings revealed a need to implement more cost effective approach that would raise more revenue in the long run. It was revealed that it is difficult to address the problem of regional economic disparity through state-run macroeconomic guidelines hence a need to split into regional policy intervention is critical as an element of development. Therefore there is a need for more enhanced information on utilizing scarce resources amid competing projects to enable institutions to attain self financial sustenance. Since different regions of the world enjoy different natural resources and favourable climate conditions it is recommended that their availability to be tested to ascertain their influence or the role they might have played in sustainability. Citing the cases that were able to utilize their resources and operate to the foreseeable future, it can be recommended that a study be done to evaluate the processes they embraced so as to remain sustainable and find out the indicators they use to check their financial sustainability.