The article covers a macroeconomic research focused on the growth impact of human capital with respect to public policy. We estimated the contribution of human capital to economic growth for 27 EU member states and the correlation between contribution of human capital to economic growth and expenditures for education as a share of GDP. Results show that there is a maximum amount of public expenditure on education that is related with the potential contribution of human capital to economic growth, while exceeding results in a negative effect.
We focus on entrepreneurial learning in higher education as well as on entrepreneurialism in universities. Entrepreneurial learning can also be conceived as a lifelong learning processmwhere knowledge is continuously shaped and revised. Minniti and Baygrave (2001) point out that ‘entrepreneurship is a learning process, and a theory of entrepreneurship requires a theory of learning.’ From these definitions we assume a strong relationship between entrepreneurial process and learning, which blurs the distinction between basic and application-oriented research.