We offer several benefits to both academic institutions and government agencies in this
study. First, our empirical results significantly supports our proposal that entrepreneurial
education is one of the antecedents of IEA. Although many business schools already initiate and
offer entrepreneurship programs, the lack of capable professors and knowledge of
entrepreneurship are required to enhance, maintain and broaden such existing programs. To
create a new young generation of entrepreneurs in society, business schools need to improve
their entrepreneurship programs which requires vast skillsets different from other business
disciplines. The government also plays a prominent role in the dissemination and enhancement
of entrepreneurial knowledge. Government agencies can create entrepreneurial incubators and
hold conference meetings to train young entrepreneurs. Second, the result for our second
hypothesis is quite intriguing. As researchers believe that perceiving start-up barriers can impede
entrepreneurial aptitude, our results show that such barriers catalyze individuals to gain
entrepreneurial skills and knowledge rather than discouraging them from gaining such skills and
abilities. This is an important finding from our empirical test of the model. Lastly, we
demonstrate the importance of entrepreneurial social status on IEA. Both academic institutions
and government agencies can enlighten the young generation and society in their positive
perceptions of societal status of entrepreneurs. The more a society perceives the social status of
entrepreneurs to be positive, the more likely both venture creation and economic activity in that
society will be increased