The study tries to explain the influence of regional affiliation on employees' perception of tourism policy in the sector of cultural tourism. The main aim is to explore whether there is a difference between regional affiliations of employees and employees' perception of tourism policy in the sector of cultural tourism in Montenegro. The survey was conducted using the interviewing, and the main statistical procedures were factor analysis and multivariate analysis of variance. Research outcome is a significant difference between employees in the northern and the coastal region of Montenegro, in the employees' perception of the importance of measures and activities of tourism policy in the sector of cultural tourism. However, that difference could not significantly influence tourism policymaking process and the quality of specific tourism policy, which is intended for development of cultural tourism in Montenegro. Most of the significant differences depend on measures and activities, which do not directly influence the growth and development of cultural tourism that way. The study is inspired by the Erasmus CULTURWB project.

The study tries to explain the influence of regional affiliation on employees’ perception of tourism policy in the sector of cultural tourism. The main aim is to explore whether there is a difference between regional affiliations of employees and employees’ perception of tourism policy in the sector of cultural tourism in Montenegro. The survey was conducted using the interviewing, and the main statistical procedures were factor analysis and multivariate analysis of variance. Research outcome is a significant difference between employees in the northern and the coastal region of Montenegro, in the employees’ perception of the importance of measures and activities of tourism policy in the sector of cultural tourism. However, that difference could not significantly influence tourism policymaking process and the quality of specific tourism policy, which is intended for development of cultural tourism in Montenegro. Most of the significant differences depend on measures and activities, which do not directly influence the growth and development of cultural tourism that way. The study is inspired by the Erasmus+ CULTURWB project.

Entrepreneurship has an increasingly important role in economic growth and development in both developed and underdeveloped countries. Also, various forms of entrepreneurial behavior are important in promoting economic and social development. Thus, it is not surprising that entrepreneurship and entrepreneurial activity have received a significant attention from both academics and policy makers. It is important for both groups to better understand the various factors that affect and stimulate entrepreneurial behavior. Previous research has shown that entrepreneurial intentions of individuals represent effective and strong explanatory factor that predicts quite well their future entrepreneurial behavior. Also, entrepreneurial intentions are crucial to the entrepreneurial process as an important first step in a series of actions that leads to the creation of entrepreneurial project. Although there are different theoretical models of entrepreneurial intentions in the extant literature, they actually contain conceptually related elements and offer quite comparable interpretations of entrepreneurial intentions. In order to explore entrepreneurial intentions and their antecedents in South-East European context we have conducted a paper-and-pencil self-administered survey among students of economics and business in four South-East European countries, namely: Bosnia and Herzegovina, Croatia, Macedonia and Serbia. The sample consisted of 1200 respondents, 300 of respondents from each country included in study. The highly structured questionnaire with set of items derived from the literature and Likert-type scale were used as data collection instrument. The following scales were included in the questionnaire: locus of control, risk taking propensity, perceived barriers, perceived support factors, personal attitude towards entrepreneurship, perceived behavioral control, subjective norm and entrepreneurial intention (Lumpkin, 1985; Luthje, Franke, 2003; Linan, Chen, 2009). Collected data were analyzed with multiple regression technique in order to explore the effects of various antecedents on entrepreneurial intention in the context of South-East European countries. The results indicate that personal attitude towards entrepreneurship, perceived behavioral control and subjective norm positively and significantly affect entrepreneurial intent. Respondents from Bosnia and Herzegovina exhibit higher levels of entrepreneurial intent compared to other observed countries. The findings of our research provide better understanding of entrepreneurial intentions and their antecedents in the specific post-transition context of South-East European countries. Theoretical and policy implications of research findings are discussed in the paper.

Growing concern about environmental degradation, disappointment with development efforts to reduce poverty and inequality on a global scale together with economic and socio-political instability has shifted focus from the model of economic growth to the new model of sustainable development. Despite the new orientation of development economics, the question on how to achieve sustainable development goals still remains. In order to avoid failure of the neoliberal agenda, the revised version of Washington Consensus focusing on good governance has taken the leading role in development policy. The aim of this research is to test the links between a fuzzy concept of good governance and very heterogonous dimensions of sustainable development. Our research aims to analyze the effects of good governance on particular indicators of sustainable development, especially of socio-economic development, at the level of different categories of countries. This study reveals that statistical significance, direction and intensity of the effects of good governance dimensions vary in relation to the selected indicator of sustainable development and affiliation to the particular category of countries. These results suggest that there is no “one size fits all” model of good governance promoted as a universal mantra of sustainable development putting into question the principles of post-Washington consensus as the key response to modern developmental challenges. Keywords: good governance, sustainable development

Entrepreneurship has an increasingly important role in economic growth and development in both developed and underdeveloped countries. Entrepreneurial behavior has received significant scholarly attention from various academic disciplines (e.g. Shane and Venkataraman, 2000; Busenitz et al, 2003; van Praag and Versloot, 2007; Shepherd and Williams, 2015). During the last few years, unemployment of young people in the EU and non – EU developing countries has remained one of highest in comparison with other more vulnerable segments of the labor market. Entrepreneurial intention is the intention of an individual to start a new business (Krueger, 2009). It represents a mental orientation such as desire, wish and hope influencing individual’s choice of entrepreneurship (Peng, Lu and Kang, 2012). Intentions are considered the single best indicator of actual behavior (Ajzen, 1991).

Entrepreneurship increasingly is becoming a global phenomenon, although its nature, extent and contribution to economic development varies according to the context in which it occurs. However, most of the conceptual development in the field of entrepreneurship has occurred in, or assumed, mature market conditions. This short introduction critically evaluates why we need to study other contexts such as emerging markets, and outlines the topics of the articles in the special issue.

This paper examines the local economic development agencies, their entrepreneurial or leadership behaviour and their ability to contribute to local/regional development in the context of a transitional economy. The research employs qualitative research methodology by combining in-depth interviews and focus groups on 36 local development agencies (LDAs) and other actors ‘responsible’ for the economic development in Bosnia and Herzegovina. Inductive theory or the bottom-up model for regional development provides the conceptual structure for this research. The research identifies a number of important factors that determine the trajectory of the local/regional economic development, as well as the challenges that LDAs and other local actors are facing in one of the most unpredictable economic environments.