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posted on 2019-03-24, 22:56authored byJan HunadyJan Hunady, Marta Orviska, Peter Pisar
The paper deals with the potential relationship between higher education and entrepreneurial activities. Universities and
other higher education institutions could be seen as boosting entrepreneurship in the region. University graduates could be
more often involved in starting up a new business and the university itself could commercialize their innovations by creating
academic spin-off companies. The paper aims to examine the potential effect of higher education on the probability of
starting a business as well as its further success. Based on the data for 40 EU and non-EU countries, retrieved from a
Eurobarometer survey, we conducted probit and IV probit regressions. These have tested the assumed relationship between
higher education and entrepreneurial activities. Our results strongly suggest that higher education can often be very
beneficial for starting up a new business and this seems to be one of the factors determining the success of new businesses.
Furthermore, those respondents who attended courses related to entrepreneurship appear to be more active in starting-up
a business and this seems to be also positively correlated with the company's future success. Interestingly, university
graduates from Brazil, Portugal and India in particular, tend to appreciate the role that their universities have played in
acquiring the skills to enable them to run a business.