Alberto Burchi|Bogdan W?odarczyk|Marek Szturo|Duccio Martelli
The Effects of Financial Literacy on Sustainable Entrepreneurship
University of Perugia|University of Warmia and Mazury in Olsztyn|University of Warmia and Mazury in Olsztyn|University of Perugia
entrepreneurship contributes economic wellbeing every country specifically level individual entrepreneurship crucial process developing building economic potential especially central european countries among several factors impacting entrepreneurship ability access necessary external sources financing need considered crucial financial literacy entrepreneur plays crucial role relationship lender borrower paper investigate effects financial literacy sustainable entrepreneurship based analysis framework proposed world economic forum present ols model adopts entrepreneurship financial literacy macroeconomic variables analysis carried individual national data different sources information global entrepreneurship monitor world bank organization economic cooperation development results show positive statistically significant relationship financial literacy sustainable entrepreneurial activity evidence supports increasing number financial education initiatives inclusion topics related economic financial culture school education systems identify internationally valid policy implications context growth strategies central european countries financial literacy takes even greater importance introduction financial education national curricula could strengthen entrepreneurial skills accelerate inclusive growth process across europe