Date of Conferral

2021

Degree

Ph.D.

School

Public Policy and Administration

Advisor

Raj K. Singh

Abstract

Fiscal sustainability is an existing problem for countries in the Eastern Caribbean Currency Union (ECCU), particularly during a time of crisis. The concept of fiscal sustainability is a function of the policy posture of the government, which is largely influenced by leadership. Theoretically, the characteristics associated with transformational leadership align with what is required to design and implement fiscal policies that promote fiscal sustainability. Grounded in the transformational leadership theory and Kingdon’s multiple streams framework, this quantitative correlational study involved examining the relationship between transformational leadership and fiscal sustainability in the ECCU. Data were collected from 85 participants working within the fiscal policy space in the region to assess qualities of leaders while published macro-economic data were obtained from the Eastern Caribbean Central Bank and International Monetary Fund to calculate fiscal sustainability. Results of the multiple regression analysis indicated that transformational leadership did not significantly predict fiscal sustainability, with F (4, 80) =.764 and p > 05. The results do not diminish the role of transformational leadership in terms of enhancing organizational performance. However, a key positive social change implication is the need to strengthen or build resilience infrastructures to withstand the lingering effects of an exogenous shock.

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