Public-sector entrepreneurship

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

Research output: Contribution to journalArticlepeer-review

11 Scopus citations

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

Keywords

  • Entrepreneur
  • Innovative
  • Public sector
  • Uncertainty

ASJC Scopus subject areas

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

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