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Entrepreneurial Education: A Panacea To Formalisation Of The Informal Sector

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Listed:
  • MUPARANGI Simbarashe

    (Manicaland State University of Applied Sciences)

  • MAKUDZA Forbes

    (Manicaland State University of Applied Sciences)

  • MAKANDWA Godfrey

    (Manicaland State University of Applied Sciences)

Abstract

This paper sought to evaluate the influence of entrepreneurial education on informal entrepreneur’s intention to formalise. A positivist approach was employed backed by quantitative analysis to determine the impact of education on intention to formalise informal businesses. The study analysed a sample of 265 informal traders and a structured questionnaire was used to gather data. Collected data was analysed using parameters such as regression analysis and Pearson correlation analysis. The results indicate that the general level of education is not among enablers of formalisation. However entrepreneurial knowledge, entrepreneurial skills and entrepreneurial attitude were found to be positively correlated with intention to formalise businesses. The study recommends that more focus should be on entrepreneurial education rather than convectional education system so as to enable transition from informal to formal economy. The study therefore brings a new perspective on formalisation of the informal sector.

Suggested Citation

  • MUPARANGI Simbarashe & MAKUDZA Forbes & MAKANDWA Godfrey, 2022. "Entrepreneurial Education: A Panacea To Formalisation Of The Informal Sector," Management of Sustainable Development, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 14(2), pages 11-16, December.
    • Handle: RePEc:blg:msudev:v:14:y:2022:i:2:p:11-16:n:3
    DOI: https://doi.org/10.54989/msd-2022-0010
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    References listed on IDEAS

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    1. Ibrahim Al-Jubari & Arif Hassan & Francisco Liñán, 2019. "Entrepreneurial intention among University students in Malaysia: integrating self-determination theory and the theory of planned behavior," International Entrepreneurship and Management Journal, Springer, vol. 15(4), pages 1323-1342, December.
    2. Maresch, Daniela & Harms, Rainer & Kailer, Norbert & Wimmer-Wurm, Birgit, 2016. "The impact of entrepreneurship education on the entrepreneurial intention of students in science and engineering versus business studies university programs," Technological Forecasting and Social Change, Elsevier, vol. 104(C), pages 172-179.
    3. Muparangi, Simbarashe & Makudza, Forbes, 2020. "Innovation: The Driving Force for Entrepreneurial Performance among Small Informal Businesses," Sustainable Business and Society in Emerging Economies, CSRC Publishing, Center for Sustainability Research and Consultancy Pakistan, vol. 2(2), pages 1-11, December.
    4. Majid Maddah & Bahareh Sobhani, 2014. "The Effective Factors on Informal Economy in Developing Countries (Panel Data Model)," International Journal of Regional Development, Macrothink Institute, vol. 1(1), pages 12-25, December.
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