Loading...
Loading...
S_Δ
Measures how insulated an institution is from external fragility cycles (political, market, funding). High S_Δ indicates independence from short-term pressures; low S_Δ indicates vulnerability to electoral or budget cycles.
The Dutch Water Boards have S_Δ ≈ 0.9 (highly independent from political cycles). A typical government department has S_Δ ≈ 0.3 (highly dependent on annual budget approval).
R* Section 3.1