INFLUENCE OF THE SOCIAL ENTREPRENEURSHIP ON THE DEVELOPMENT OF THE TRANSITIONAL ECONOMY AND SOCIETY

Abstract

In this paper, we investigated the impact of social entrepreneurship on the development of the transitional economy. The research was carried out on the territory of Bosnia and Herzegovina (BiH). As the most featured negative side of the transition, we see an increase of social inequality and poverty. One of the ways to solve these problems is the development of social entrepreneurship. The main goal of the research is to find a model for the development of social entrepreneurship that would contribute to the development of society and the economy of developing countries. Ninety seven subjects of social entrepreneurship, from all over BiH, participated in the research. We collected data using questionnaires, and we used correlation and regression methods to analyze them. The results showed that social entrepreneurship is at a low level and that its development would contribute to the development of society and the economy. In this research, we have created a model of social entrepreneurship development and proved that social entrepreneurship could be an excellent way to solve many social and economic problems.