The Effects of Entrepreneurship Education

Richard Weber (), Georg von Graevenitz () and Dietmar Harhoff
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Richard Weber: LMU Munich School of Management

No 269, Discussion Papers from SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich

Abstract: Entrepreneurship education ranks highly on policy agendas in Europe and the US, but little research is available to assess its impacts. In this context it is of primary importance to understand whether entrepreneurship education raises intentions to be entrepreneurial generally or whether it helps students determine how well suited they are for entrepreneurship. We develop a theoretical model of Bayesian learning in which entrepreneurship education generates signals which help students to evaluate their own aptitude for entrepreneurial tasks. We derive predictions from the model and test them using data from a compulsory entrepreneurship course at a German university. Using survey responses from 189 students ex ante and ex post, we find that entrepreneurial propensity declined somewhat in spite of generally good evaluations of the class. Our tests of Bayesian updating provide support for the notion that students receive valuable signals and learn about their own type in the entrepreneurship course.

Keywords: entrepreneurship; entrepreneurship education; Bayes’ Rule; learning; signals (search for similar items in EconPapers)
JEL-codes: D83 J24 L26 M13 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-edu and nep-lab
Date: 2009-08
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Working Paper: The Effects of Entrepreneurship Education (2009)
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Persistent link: http://EconPapers.repec.org/RePEc:trf:wpaper:269

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