THE EFFECTS OF HUMAN CAPITAL INTERVENTIONS ON ENTREPRENEURIAL PERFORMANCE IN INDUSTRIALIZED COUNTRIES
系统综述了工业化国家中商业培训、正规教育和创业教育对创业绩效的实验与准实验研究，发现这些干预通常无显著统计效果，仅正规教育有微小正向影响，且相关研究可能高估其收益。
Abstract This paper provides a systematic review of studies on the effects of human capital interventions on entrepreneurial performance in industrialized countries. We identify 21 experimental and quasi‐experimental studies published before September 2018. These studies examine the effects of business training, formal education, and entrepreneurship education. Their performance outcomes include firm profits, firm size, and entrepreneurial earnings. The main finding across these studies is that these interventions do not have statistically significant effects. Formal education is the only exception, showing positive effects on firm profits and entrepreneurial earnings, yet these effects are small in magnitude. Evidence is inconclusive regarding effect duration. These findings stand in stark contrast to correlational studies, which tend to find large positive correlations between human capital interventions and entrepreneurial performance. We therefore conclude that correlational studies tend to overestimate the benefits of human capital interventions. Moreover, our estimates show that the interventions are associated with moderately low additionality.