The Role of Higher Education in Strengthening Entrepreneurship and Economic Development:
A Systematic Literature Review
Askar Garad
Management Program, Universitas Muhammadiyah Yogyakarta, Indonesia
Rizal Yaya
Faculty Economics and Business, University Muhammadiyah Yogyakarta,
Yogyakarta, Indonesia
Suryo Pratolo
Faculty Economics and Business, University Muhammadiyah Yogyakarta,
Yogyakarta, Indonesia
Alni Rahmawati
Doctoral Management Program, Postgradute Studies, University Muhammadiyah Yogyakarta,
Yogyakarta, Indonesia
Volume 19: 2024, pp. 00-00; ABSTRACT
This paper explores the role of higher education institutions in promoting creativity,
community development, and economic growth. Using a meta-analysis approach, it assesses
scientific research contributions in various domains. The study identifies five key objectives for
higher education institutions, with the first four aligning with traditional roles of preserving,
creating, transmitting, and disseminating knowledge. The fifth objective responds to contemporary
demands, focusing on the role of higher education in local economic development. The study reveals
a research gap concerning how higher education influences entrepreneurship in local economic
development. It highlights the importance of creating entrepreneurial ecosystems within these
institutions to foster innovation and equip students with practical business skills. Additionally,
higher education institutions play a crucial role in stimulating entrepreneurship for local economic
growth while addressing societal and economic challenges. This research strengthens the
connections between higher education and broader societal and economic activities, extending
beyond teaching and research.
Keywords: role of university, higher education, entrepreneurship, local economic, economic
growth, economic development.
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