FACTORS FOR THE FORMATION OF THE LOCAL ECONOMIC BUDGET IN THE DEVELOPMENT OF ENTREPRENEURSHIP
Keywords:
Keywords: local economic budget, entrepreneurship development, fiscal policy, revenue generation, business environment, local government, economic growth, tax incentives, public-private partnerships.Abstract
This article examines the various factors that contribute to the formation of the local economic budget and their impact on entrepreneurship development. It highlights the significance of fiscal policy, revenue generation, public-private partnerships, and government expenditure in creating a supportive business environment. By analyzing these elements, the article provides a comprehensive understanding of how local governments can influence entrepreneurship and, in turn, drive economic growth. The findings underscore the importance of targeted fiscal measures and public investments to foster a robust local entrepreneurial ecosystem.
References
Audretsch, D. B., & Thurik, R. (2001). What’s new about the new economy? Sources of growth in the managed and entrepreneurial economies. Industrial and Corporate Change, 10(1), 267-315. https://doi.org/10.1093/icc/10.1.267
Fritsch, M., & Storey, D. J. (2014). Entrepreneurship in a regional context: Historical roots, recent developments and future challenges. Regional Studies, 48(6), 939-954. https://doi.org/10.1080/00343404.2014.883376
Glaeser, E. L., Kerr, W. R., & Ponzetto, G. A. (2010). Clusters of entrepreneurship. Journal of Urban Economics, 67(1), 150-168. https://doi.org/10.1016/j.jue.2009.10.007
Musgrave, R. A., & Musgrave, P. B. (1989). Public Finance in Theory and Practice. McGraw-Hill.
OECD. (2019). Entrepreneurship and Local Economic Development. OECD Publishing. https://doi.org/10.1787/entrepreneurship-local-economic-development
Stiglitz, J. E. (2000). Economics of the Public Sector (3rd ed.). W.W. Norton & Company.
Tiebout, C. M. (1956). A pure theory of local expenditures. Journal of Political Economy, 64(5), 416-424. https://doi.org/10.1086/257839
World Bank. (2020). Local Economic Development: A Framework for Supporting Local Enterprises. World Bank Publications. https://www.worldbank.org/local-economic-development
Van Stel, A., Storey, D., & Thurik, R. (2007). The effect of business regulations on nascent and young business entrepreneurship. Small Business Economics, 28(2), 171-186. https://doi.org/10.1007/s11187-006-9014-1
