Public-sector entrepreneurship

Christopher Hayter, Albert N. Link, John T. Scott

Research output: Contribution to journalArticle

7 Citations (Scopus)

Abstract

We define public-sector entrepreneurship as having three distinct components: actions that are innovative, that transform a status quo social and economic environment, and that are characterized by uncertainty. While the literature on public-sector entrepreneurship dates to the mid-1960s, the scholarly foundations on which public-sector entrepreneurship is based date to the writings of Cantillon and Baudeau in the mid- and late-1700s and to Schumpeter in the late-1930s and early-1940s. After summarizing the academic and policy literatures on public-sector entrepreneurship, we illustrate the concept using examples of public-sector initiatives. We conclude the paper with an emphasis on the dynamic nature of public-sector entrepreneurship, and we offer insight into additional areas to which the concept applies as well as policy suggestions for incentivizing further public-sector entrepreneurial actions.

Original languageEnglish (US)
Pages (from-to)676-694
Number of pages19
JournalOxford Review of Economic Policy
Volume34
Issue number4
DOIs
StatePublished - Jan 1 2018

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public sector
social status
Public sector
Entrepreneurship
transform
economics

Keywords

  • Entrepreneur
  • Innovative
  • Public sector
  • Uncertainty

ASJC Scopus subject areas

  • Economics and Econometrics
  • Management, Monitoring, Policy and Law

Cite this

Public-sector entrepreneurship. / Hayter, Christopher; Link, Albert N.; Scott, John T.

In: Oxford Review of Economic Policy, Vol. 34, No. 4, 01.01.2018, p. 676-694.

Research output: Contribution to journalArticle

Hayter, Christopher ; Link, Albert N. ; Scott, John T. / Public-sector entrepreneurship. In: Oxford Review of Economic Policy. 2018 ; Vol. 34, No. 4. pp. 676-694.
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