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We offer several benefits to both academic institutions and government agencies in thisstudy. First, our empirical results significantly supports our proposal that entrepreneurialeducation is one of the antecedents of IEA. Although many business schools already initiate andoffer entrepreneurship programs, the lack of capable professors and knowledge ofentrepreneurship are required to enhance, maintain and broaden such existing programs. Tocreate a new young generation of entrepreneurs in society, business schools need to improvetheir entrepreneurship programs which requires vast skillsets different from other businessdisciplines. The government also plays a prominent role in the dissemination and enhancementof entrepreneurial knowledge. Government agencies can create entrepreneurial incubators andhold conference meetings to train young entrepreneurs. Second, the result for our secondhypothesis is quite intriguing. As researchers believe that perceiving start-up barriers can impedeentrepreneurial aptitude, our results show that such barriers catalyze individuals to gainentrepreneurial skills and knowledge rather than discouraging them from gaining such skills andabilities. This is an important finding from our empirical test of the model. Lastly, wedemonstrate the importance of entrepreneurial social status on IEA. Both academic institutionsand government agencies can enlighten the young generation and society in their positiveperceptions of societal status of entrepreneurs. The more a society perceives the social status ofentrepreneurs to be positive, the more likely both venture creation and economic activity in thatsociety will be increased
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