A Framework for the Evaluation of the Feasibility of Public – Private Partnership in Local Government in Serbia
Journal Title: Journal of Entrepreneurship, Management and Innovation - Year 2017, Vol 13, Issue 4
Abstract
The adopton of the New Law for Local Government Financing is currently underway in a Serbian Parliament procedure. The goal of the new law is the creaton of clear government regulatons which will defne the system of fnancing for local government enttes. This will furthermore create an environment of stability and predictability with regard to revenue planning when preparing local government enttes’ budgets, as well as achieving a vertcal balance when distributng revenues amongst various state levels. Additonally, these goals are refected in the establishment of a system to increase the share of public investment in the total expenses of countes and cites, as well as in the vertcal balance with regard to the distributon of revenue and jurisdicton at various state levels. In that sense, it is preferable to understand fnancial models such as public-private partnerships, which have stll not, to an adequate degree, been adopted in Serbia, but one which could potentally contribute to the introducton of additonal sources of local government fnancing. In order to beter perceive the current capacites of this model of fnancing local government in Serbia, a study was conducted during the spring and summer of 2016, taking into account a sample of 150 examinees. The results of the study indicate very low human resource and technical capacites in local government with regard to realizing and comprehending the concept of public-private partnership.
Authors and Affiliations
Sladjana Benkovic, Nemanja Milanovic, Milos Milosavljevic
Keywords
Related Articles
- EP ID EP259658
- DOI 10.7341/20171341
- Views 140
- Downloads 0
A New Runway for Journalists: On the Intentions of Journalists to Start Social Enterprises
Journalists have been facing a variety of challenges and are even being laid off in the face of changing media ecosystems in the age of digital convergence. Sharing similar characteristics with entrepreneurs, numerous jo...
Relationships between Trust and Collaborative Culture in The Context of Tacit Knowledge Sharing
The literature review presents a lot of theoretcal and empirical evidence that trust afects collaboratve culture. The opposite also proves to be true: collaboratve culture infuences trust. The main hypothesis presented i...
Enabling Business Model Change: Evidence from High-Technology Firms
Companies today face volatie environments, short product life cycles, and changing customer requirements, which is especially the case in high-technology filds. In such environments, concentratig only on technological an...
Entrepreneurship Processes and Small Farms Achievements: Empirical Analysis of Linkage
Entrepreneurship process has been argued as opportunity-driven, creative, and resource-efficient, that could influence income generation of small farmers that adopted entrepreneurial skills and innovation into their farm...
Comparative Analysis of Mechanisms of Schumpeterian Evolution
The paper extends the research program of modeling the Schumpeterian vision of innovative development in the framework of the Arrow-Debreu theory of general equilibrium. To study changes in the production sector, as well...