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Knowledge creation and human capital for development: the role of graduate entrepreneurship

Jay Mitra (Centre for Entrepreneurship Research, Essex Business School, University of Essex, Southend‐on‐Sea, UK)
Y.A. Abubakar (Entrepreneurship and Innovation Group, Centre for Entrepreneurship Research, Essex Business School, University of Essex, Southend‐on‐Sea, UK)
M. Sagagi (Department of Management, Bayero University, Kano, Nigeria)

Education + Training

ISSN: 0040-0912

Article publication date: 28 June 2011

5292

Abstract

Purpose

Tackling structural and emergent problems in the labour market, valorising skilled human capital (HC) for opportunity creation, economic development and growth, are some of the key drivers for graduate entrepreneurship. This paper aims to examine developments in Africa, focusing on the significance of improving human capital through graduate entrepreneurship to meet the Millennium Development Goals (MDGs) in Nigeria.

Design/methodology/approach

Based on a unique Education Partnerships in Africa (EPA) project the paper adopts a conceptual and exploratory approach to understand the institutional, cultural and economic dimensions of change and the specific role of graduate entrepreneurship education and training in enabling productive outcomes, using an illustrative case study of the project to develop the arguments.

Findings

Knowledge creation lies at the heart of entrepreneurship development in developing economies such as Nigeria. Knowledge creation (KC) for entrepreneurship (E) is based on human capital (HC) development. In circumstances of uneven growth in developing economies HC development is the only constant. Harnessing HC for entrepreneurship can be based on three sets of propositions derived from an examination of the relationship between KC, HC and E, which locate graduate entrepreneurship's role within a holistic, institutional framework.

Originality/value

The paper's originality lies in the development of a model for promoting and evaluating a holistic approach to graduate entrepreneurship in developing countries based on the targeting of MDGs. It offers new insights into the role of graduate entrepreneurship in economic and social development.

Keywords

Citation

Mitra, J., Abubakar, Y.A. and Sagagi, M. (2011), "Knowledge creation and human capital for development: the role of graduate entrepreneurship", Education + Training, Vol. 53 No. 5, pp. 462-479. https://doi.org/10.1108/00400911111147758

Publisher

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Emerald Group Publishing Limited

Copyright © 2011, Emerald Group Publishing Limited

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