PUBLIC ADMINISTRATION ENTREPRENEURSHIP AS A FACTOR OF SUSTAINABLE DEVELOPMENT OF NATIONAL ECONOMY

Ekonomski fakultet Univerziteta u Banjoj Luci, Republika Srpska, Bosna i Hercegovina
Bosnia and Herzegovina


Abstract

The end of the XX and the beginning of the XXI century was characterized by a sudden expansion of national economies, demise of market boundaries and globalization. The liberalization of the world economy enabled impressive economic growth on a global level, at same time by bringing about challenges with consequences in terms of sustaining such growth.Despite the attempts of neoliberalization of contries, high uneployment, poverty and inequalities levels are attributed to inefficient administration inclined to corruption. In this connection, it is important to discuss the overall role and importance of public administration in achieving sustainable development. There are numerous claims that public administration is directly responsible for achieving sustainable development goals, and good governance is perhaps considered as the most important factor in eradicating poverty and stimulating development. As an innovative model for increasing the efficiency and efectiveness of public sector business, it is necessary to introduce entrepreneurship that would, by proper implementation, led to better performance of public administration. Accordingly, problem studied in this paper concerns the research into whether and how public sector entrepreneurship could be used as an efficient insturument for achieving sustainable development goals.The hypothesis is put forward that reads: The application of entrepreneurship in the public sector, through increasing efficiency and improving the effectiveness of its functioning, directly and indirectly contributes to achieving sustainable development оf national economy. The methodology used to prove the hypothesis is related to problem-cause analysis, synthesis, induction, deduction and case study together with statistical analysis. Тhis paper includes theoretical and practical part.

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