The economic contributional entrepreneurship education: An evaluation with an established program

Abstract

In this chapter, Charney and Libecap report on their analysis of the 15-year old entrepreneurship program at the University of Arizona. 2,484 business school graduates, including 460 of the entrepreneurship program, were surveyed in a study indicating that entrepreneurship education has been highly advantageous for not only its graduates but also the companies they lead or work for. Among several key findings: compared to other graduates, alumni of the Berger Entrepreneurship Program make more money and their firms grow more rapidly; they are more likely to work for high-tech companies and to be instrumental in new product development. Compared to other alumni, entrepreneurship graduates are three times more likely to start new businesses; have annual incomes that are 27% higher and own 62% more assets. This study represents the first, in-depth analysis of entrepreneurship education and its results indicate that the investment is a valuable one.

Citation

Charney, A. and Libecap, G.D. (2000), "The economic contributional entrepreneurship education: An evaluation with an established program", Libecap, G.D. (Ed.) Entrepreneurship and economic growth in the American economy (Advances in the Study of Entrepreneurship, Innovation and Economic Growth, Vol. 12), Emerald Group Publishing Limited, Leeds, pp. 1-45. https://doi.org/10.1016/S1048-4736(00)12002-8