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2023 | 119-129

Article title

Financing Smart Cities: an Analysis of Funding Mechanism and Challenges, a Literature Review

Content

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Abstracts

EN
The rapid urbanization and technological advancements of the twenty first century have given rise to the concept of smart cities, which use innovative technologies to enhance the efficiency, sustainability, and quality of life for their residents. This paper explores the various financing mechanisms employed to fund smart city initiatives, examining their effectiveness and addressing the challenges associated with each. The study also investigates the evolving landscape of smart city financing, considering the role of public-private partnerships, government funding, and other financial instruments. There are also recommendations for future urban development strategies.

Keywords

Year

Pages

119-129

Physical description

Dates

published
2023

Contributors

  • Wschodnioeuropejska Akademia Nauk Stosowanych w Białymstoku

References

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  • Apostu S., Vasile V., Vasile R., Rosak-Szyrocka J., Do Smart Cities Represent the Key to Urban Resilience? Rethinking Urban Resilience, “Int J Environ Res Public Health” 2022, 19(22):15410. doi:10.3390/ijerph192215410.
  • Capdevila I., Zarlenga M., Smart City or smart citizens? The Barcelona case, “Journal of Strategy and Management” 2015, 3, pp. 266-282.
  • Caragliu A., Bo C. D., Nijkamp P., Smart Cities in Europe, “Journal of Urban Technology” 2011, 18(2), pp. 65-82. doi:10.1080/10630732.2011.601117.
  • Flynn M., Rao A. K., Gashi D. S., Smart City Funding and FInancing in Developing Economies - Assisting developing cities to finance their infrastructure gap through private sector participation approaches, Deloitte, 2018.
  • Gracias J., Parnell G., Specking E., Pohl E., Buchanan R., Smart Cities - A Structured Literature Review, “Smart Cities” 2023, 6, pp. 1719-1743. doi:https://doi.org/10.3390/ smartcities6040080.
  • Hamilton S., Get smart about financing smart cities, 2017, Retrieved from Deloitte: https://www.deloitte.com/global/en/Industries/government-public/perspectives/threesteps-for-financing-smart-cities.html.
  • Harrison C., Eckman B., Hamilton R., Hartswick P., Kalagnanam J., Paraszczak J., Williams R., Foundations for Smarter Cities, “IBM Journal of Research and Development” 2010 (54), pp. 1-16. doi:10.1147/JRD.2010.2048257.
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  • Joshi S., Saxena S., Godbole T., Developing Smart Cities: An Integrated Framework, “Procedia Computer Science” 2016, 93, pp. 902-909. doi:https://doi.org/10.1016/j.procs.2016.07.258.
  • Klijn E. H., Edelenbos J., Steijn B., Trust in Governance Networks: Its Impacts on Outcomes, “Administration & Society” 2010, pp. 193-221. doi:10.1177/0095399710362716.
  • Szarek-Iwaniuk P., Senetra A., Access to ICT in Poland and the Co-Creation of Urban, “Sustainability” (2020). 12(2136). doi:10.3390/su12052136.
  • Truskolaski T., Busłowska A. Waligóra K., Formation of Functional Urban Areas: The Case Study of Bialystok Functional Area, “Optimum Studia Ekonomiczne” 2017, 5 (89), doi:10.15290/ose.2017.05.89.12.
  • Verweij S., Teisman G., Gerrits L., Implementing public-private partnerships: How management responses to events produce (un)satisfactory outcomes, “Public Works Management & Policy” 2017, 22, pp. 119-139. doi:22. 119-139. 10.1177/1087724X16672949.

Document Type

Publication order reference

Identifiers

Biblioteka Nauki
41146211

YADDA identifier

bwmeta1.element.ojs-issn-2084-1361-year-2023-article-b7d72f2a-b0b9-3688-be80-ea9013ac0837
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