Economic impact of innovative entrepreneurship education: Dynamic modelling methods

Abstract

This paper aims to explore the economic impact of innovative entrepreneurship education and proposes a dynamic modelling method to quantify this impact. The paper establishes a theoretical analysis framework, starting from the effects of innovative entrepreneurship education on the regional economy, and establishes a corresponding dynamic economic model. This model comprises processes such as variable definition, relationship establishment, parameter setting and architecture construction. Different levels of education and forms of innovative entrepreneurship education were experimentally analysed from multiple perspectives. In the comparative experiment between innovative entrepreneurship education and traditional education, the entrepreneurial intention score of the innovative entrepreneurship education group was scattered in the range of 90–100, higher than the 60–80 score of the traditional education group. In the experimental survey on investment return rates of different forms of innovative entrepreneurship education, it was found that the investment return rate of education was the lowest, only 6.82%, and the return rate of entrepreneurship competition was the highest, reaching 9.19%. The experimental results have proven a positive correlation between innovative entrepreneurship education and economic growth. It is suggested that the government and enterprises should increase their investment in innovative entrepreneurship education to promote sustainable economic development.