THE IMPACT OF THE INNOVATION PROCESS IN PUBLIC PROCUREMENT ON SUSTAINABLE DEVELOPMENT STRATEGIES AND POLICIES

Elena Rusu
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Elena Rusu: Doctoral School of Economic Sciences Moldova State University Republic of Moldova

Journal of Financial and Monetary Economics, 2023, vol. 11, issue 1, 275-280

Abstract: In this article, the author presents innovative public procurement as a instrument of a voluntary nature at the EU level, which denotes that the Member States and, respectively, the public authorities have the right to decide the extent to which they are implemented. Innovative public procurement plays a key role in the EU's efforts to become a more resource-efficient economy. Implementing innovative procurement also helps stimulate greater demand for more sustainable goods and services that would otherwise be difficult to bring to market. Also, innovative public procurement is an important tool of boosting the economy through innovation. The author presents the system of innovative public procurement, the fundamental aspects of public procurement in the field of innovation. In the given context, he approaches the concept of innovative public procurement (IPP Innovative Public Procurement) as a process through which public entities procure goods, services, works and utilities in relational conditions optimal: price - quality, so that they generate innovative benefits for entities and society, but with minimal negative impact on the environment. To carry out the study, the author applied traditional research methods: monographic method, document analysis, comparison, trend analysis, etc. The objectives of the article denote: clarification of the concept of public procurement in the field of innovation, its global dimension and its added value. Policy framework, illustrates how public procurement can be opened up for innovators, including start-ups and innovative SMEs. The overall aim is to support public purchasers to contribute more to the economic recovery, the twin green and digital transitions and the resilience of the EU.

Keywords: innovative public procurement; pre-commercial procurement; sustainable procurement; social benefits; environmental benefits; entrepreneurial initiatives; economic needs; social responsibility (search for similar items in EconPapers)
JEL-codes: O30 O31 Q01 (search for similar items in EconPapers)
Date: 2023
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