Advancing the multiple streams framework for decision-making: the case of integrating ethics into the Norwegian oil fund strategy

Camilla Bakken Øvald ()
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Camilla Bakken Øvald: Kristiania University College, Norway

Policy Sciences, 2024, vol. 57, issue 1, No 7, 125-144

Abstract: Abstract This article applies a modified Multiple Streams Framework (MSF) to an in-depth case study of the contentious issue of integrating ethics into the Norwegian oil fund strategy. By exploring how ethical investment guidelines evolved from a discredited and allegedly unrealistic idea into policy consensus and, ultimately, a global exemplar, the study contributes to the literature in two ways. First, it contributes to the ongoing theoretical refinement of the MSF perspective by illustrating how the framework proves valuable in examining both agenda-setting and decision-making processes. Specifically, it confirms the relevance of a two-phase model for a more rigorous analysis of the decision-making process. Second, while prior literature defines the output of agenda-setting as a ready proposal, it is demonstrated that this outcome may not necessarily signify a fully developed policy proposal. To account for a broader range of scenarios, this article suggests redefining the output of the agenda-setting process as a policy commitment, rather than a worked-out proposal ready for negotiations in the political stream. Acknowledging the uncertainty and ambiguity in the decision-making process highlights the significance of developments in the problem and policy streams that past literature has not given due attention. Consequently, the article proposes a revised two-phase model to enhance the conceptualisation of decision-making within the MSF.

Keywords: Multiple streams approach; Decision making; Agenda-setting; Responsible investment; Norwegian pension fund global (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s11077-023-09518-1

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