Introduction

Abstract

Public sector entrepreneurship has been defined as the promulgation of innovative public policy initiatives that generate greater economic prosperity by transforming a status quo economic environment into one that is more conducive to economic units engaging in creative activities in the face of uncertainty (Leyden and Link, 2015). In today’s economy, public sector entrepreneurship affects that transformation primarily by increasing the effectiveness of knowledge networks, that is, by increasing the heterogeneity of experiential ties among economic units and the ability of those same economic units to exploit such diversity. Through policy initiatives that are characterized by public sector entrepreneurship, there will be more development of new technology and hence more innovation throughout the economy.