The Importance of the Public Sector in Sustainable Development in Poland

Agnieszka Alińska, Beata Zofia Filipiak and Aneta Kosztowniak
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Agnieszka Alińska: Warsaw School of Economics, 02-554 Warsaw, Poland
Beata Zofia Filipiak: Department of Finance, Faculty of Economics and Management University of Szczecin, 71-101 Szczecin, Poland
Aneta Kosztowniak: Department of Economic Policy and Banking, Faculty of Economics and Legal Sciences, K. Pulaski University of Technology and Humanities in Radom, 26-600 Radom, Poland

Sustainability, 2018, vol. 10, issue 9, 1-24

Abstract: The striving for sustainable development has become the goal of actions undertaken not only by representatives of public authorities and institutions representing this sector, but also representatives of private entities who are increasingly recognizing the benefits and sources of long-term development based on the principles and objectives of sustainable development. These are mainly based on the pursuit of synergy in the three basic areas of activities, i.e., in the economic, social, and environmental dimensions as well as in the maintenance of natural resources. The implementation of these activities is connected with the necessity of incurring financial expenditures, which the government (public sector) does not have in the required value. Therefore, in the process of sustainable development for which the government is responsible, the active participation of the financial sector (banks) is necessary. Achieving results within the alliance of the concept of sustainable development requires the setting of a kind of contract, the parties of which are the government, society, and financial institutions. The purpose of the conducted research is to indicate by which means the government can stimulate economic growth towards its sustainable development.

Keywords: public finance; sustainable development (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

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