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The importance of entrepreneurial education for the business environment

Iulia Mariana Balan
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Iulia Mariana Balan: Faculty of Economics, Administration and Business, Stefan cel Mare University, Suceava, Romania

Romanian Journal of Economics, 2021, vol. 53, issue 2(62), 68-77

Abstract: It is increasingly being confirmed that entrepreneurship is an important determining factor for both economic growth and prosperity. Entrepreneurs strive to create and deliver the products demanded by consumers. In fact, the presence of entrepreneurs and entrepreneurship is necessary to improve economic and social conditions. At the macroeconomic level, studies indicate that small and innovative businesses contribute significantly to job creation, innovation and growth. That being said, entrepreneurship stimulates economic growth because entrepreneurs create new jobs, offer consumers a wide variety of goods and services, increase the level of competition, and increase production due to technological changes. This article presents the results obtained by a questionnaire-based survey developed to understand the intention of people to become entrepreneurs. The analysis is focused on the entrepreneurial education obtained over time and the degree of risk in terms of starting a business. The results underline the fact that people are not very reluctant to start their own business, especially the Romanian respondents compared to the European ones. The main problem is the lack of entrepreneurial education, the lack of money and the fear of failure.

Keywords: entrepreneurial education; business environment; economic growth (search for similar items in EconPapers)
JEL-codes: L26 M13 M21 (search for similar items in EconPapers)
Date: 2021
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Handle: RePEc:ine:journl:v:53:y:2021:i:62:p:68-77