Youth entrepreneurship development: A review of literature and ten-year research results

Abstract

Entrepreneurship plays an important role in economic development. Further, the concept of entrepreneurship has been argued as the important factor in overall economic growth. As youth unemployment rates are high both in developing and developed countries, improving the environment for entrepreneurial activities is a necessity as to increase youth entrepreneurship potential. In this paper, the results of ten-year research on youth entrepreneurship are reviewed. In this study 5670 participants-high school students, and university students from the Republic of Serbia, took part. Also, other literature sources were analyzed. The main goal of this paper was identify and determine the potential influence of students' attitudes regarding entrepreneurship and their intention to start a business. The paper analyzes the existing body of literature in order to provide a thoroughly investigated and concisely presented "image" in the domain of youth entrepreneurship. Hence, effectively provide a solid base for future research.