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Entrepreneurship Education: The Role of Universities

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  • Robert Gold

    ()

  • Oliver Falck

    ()

  • Stephan Heblich

    ()

Abstract

The United States have them, European countries long for them, and universities are supposed to provide them—entrepreneurs are ubiquitously wanted because of their supposed impact on innovation and economic growth. The underlying mechanism is developed in Schumpeter’s (1912) Theory of Economic Development: Based on her exceptional personality and skills the entrepreneur initiates a process of creative destruction and hence acts as ultimate source of economic progress. Against this background, this paper poses the question if entrepreneurship can be taught, and finds some answers in the data of a rich German student survey. The empirical analysis assesses the impact of higher education at universities on the students’ entrepreneurial intentions. We choose this focus for two reasons. First, we are interested in entrepreneurship that contributes to economic development. Since we consider innovation as driver of growth, we consequently concentrate on highly skilled individuals who have a comparatively high probability of being innovative. Second, entrepreneurship courses and professorships become increasingly popular at universities and especially business schools. Hence it is relevant to evaluate their impact in order to derive implications for future education measures. As potential goals of an entrepreneurship education, we consider the provision of technical, practical, and social skills that improve an individual’s entrepreneurial abilities. These abilities are not predetermined but result from investments in entrepreneurial skills as known from the more general human capital investments. Controlling for endowments from school, socialization and parental role modeling as well as personal characteristics like risk attitude and cognitive capability, we are able to identify the actual influence of university education on entrepreneurship. Our data provides information about structural changes in the entrepreneurship education at 29 German universities over a time period of 23 years. Particularly, we investigate the impact of the introduction of entrepreneurship-courses, the creation of entrepreneurship counseling offices and the establishment of chairs for entrepreneurship on the students’ self-reported desire to become an entrepreneur. Using a differences-in-differences approach our analysis evaluates the effectiveness of these different instruments of entrepreneurship education. A comprehensive assessment of associated technical, practical, and social skills rounds up our results.

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Bibliographic Info

Paper provided by European Regional Science Association in its series ERSA conference papers with number ersa10p1202.

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Date of creation: Sep 2011
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Handle: RePEc:wiw:wiwrsa:ersa10p1202

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  1. Falck, Oliver & Heblich, Stephan & Lameli, Alfred & Suedekum, Jens, 2010. "Dialects, Cultural Identity, and Economic Exchange," IZA Discussion Papers 4743, Institute for the Study of Labor (IZA).
  2. Moulton, Brent R., 1986. "Random group effects and the precision of regression estimates," Journal of Econometrics, Elsevier, vol. 32(3), pages 385-397, August.
  3. Oliver Falck & Stephan Heblich & Elke Lüdemann, 2009. "Identity and Entrepreneurship," CESifo Working Paper Series 2661, CESifo Group Munich.
  4. Thomas Dunn & Douglas Holtz-Eakin, 1996. "Financial Capital, Human Capital, and the Transition to Self-Employment:Evidence from Intergenerational Links," NBER Working Papers 5622, National Bureau of Economic Research, Inc.
  5. Dunn, Thomas & Holtz-Eakin, Douglas, 2000. "Financial Capital, Human Capital, and the Transition to Self-Employment: Evidence from Intergenerational Links," Journal of Labor Economics, University of Chicago Press, vol. 18(2), pages 282-305, April.
  6. George A. Akerlof & Rachel E. Kranton, 2002. "Identity and Schooling: Some Lessons for the Economics of Education," Journal of Economic Literature, American Economic Association, vol. 40(4), pages 1167-1201, December.
  7. Katz, Jerome A., 2003. "The chronology and intellectual trajectory of American entrepreneurship education: 1876-1999," Journal of Business Venturing, Elsevier, vol. 18(2), pages 283-300, March.
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