Unemployment and Growth Aspirations: The Moderating Role of Education

Policies targeting human capital formation and entrepreneurial training contribute not only to enhance opportunity-seeking entrepreneurship, but also to territorial economic performance by enhancing the growth aspirations of entrepreneurs.Growth aspirations are critical for the subsequent performance of the business.Entrepreneurial training has proven effective itself in mitigating the negative effects on growth aspirations of increases in unemployment rates.Policy makers should acknowledge the value of entrepreneurship training, and design specific programs that help potential entrepreneurs to pursue their projects by identifying and capitalizing on their actual resources.