Advance Education and Entrepreneurship: Mediating Role of Information & Communication and Personal Freedom

Abstract

The debate on entrepreneurship ecosystem is consistently grabbing the attention of scholars. This research study investigates the  relationship of access to advanced education, access to information & communication and personal freedom & choice with entrepreneurship. Furthermore, this study explores the impact of access to advanced education, access to information & communication and personal freedom & choice on entrepreneurship using data of Social Progress Index and Entrepreneurship Index for 2016. Serial mediation model was applied on index score of 114 countries’ to predict the impact of advanced education on entrepreneurship index, using information and communication as mediator and personal freedom as second mediator. The results of serial mediation confirm that advanced education predicts significant variance in entrepreneurship whereas the mediated path of advanced education through information and communication and personal freedom further boosts the variance. Results also confirm the role of educational institutions in shaping the entrepreneurial attitudes among individuals while ensuring better access to information communication technologies and creating awareness about personal freedom.