EFFECT OF ENTREPRENEURSHIP EDUCATION ON SUSTAINABLE DEVELOPMENT IN EMERGING ECONOMIES
Uchehara, Felicia Omelogo
The study investigated the effect of entrepreneurial education on sustainable development in emerging economies of Nigeria, Brazil and Malaysia between 1989 and 2013. The variables of the study are entrepreneurial education (EDU) proxied by the number of start-up procedures to register a business as the dependent variable and Gross Domestic Product (GDP), Assess to Fund (FUND), Foreign Direct Investment (FDI) Self Employment (SE) and Inflation rate (INFLR). The cointegration results showed that long run relationship are found among the variables of entrepreneurial education and sustainable development in emerging economies. However, OLS result indicated that entrepreneurship education has positive and significant effect on sustainable development in Brazil and Malaysia, but has negative effect in Nigeria. The study thus conclude that entrepreneurs with high entrepreneurial ability could contribute positively to sustainable economic development by triggering investment in modern sector once they perceive profit opportunities while entrepreneurs with low entrepreneurial ability undermine sustainable economic growth.
KEYWORDS: Entrepreneurship education, sustainability, emerging economies, economic development, entrepreneurial ability.