On the Relationship between Economic Dynamics and Female Entrepreneurship: Reflections for the Visegrad Countries

Aleksandra Gawel and Agnieszka Głodowska
Additional contact information
Aleksandra Gawel: Department of International Competitiveness, Poznan University of Economics and Business, Al. Niepodległosci 10, 61-875 Poznan, Poland
Agnieszka Głodowska: Department of International Trade, Cracow University of Economics, ul. Rakowicka 27, 31-510 Kraków, Poland

Administrative Sciences, 2021, vol. 11, issue 3, 1-18

Abstract: The gender gap in entrepreneurship has been observed for a long time, explained by both female-specific and gender-neutral factors, but none of these explanations is generally accepted. The aim of the paper is to assess the effect of internal economic dynamics on female entrepreneurship. Economic dynamics is a persistent process affected simultaneously by both endogenous and exogenous factors of a different time horizon, with the development trend and the business cycle as the most important time perspectives. The decomposition procedure of time series is implemented to extract trend and cyclical fluctuations, after which the Vector Error Correction Model (VECM) method is used to estimate models showing the impact of economic dynamics on female entrepreneurship in the long- and medium-run. The study concerns the countries of the Visegrad Group, including Czechia, Hungary, Poland, and Slovakia, and is based on quarterly data from the years 1998 to 2020. The results show that, although the economic dynamics impact female entrepreneurship, to some extent, it is not the most dominant factor. The impact of economic dynamics on female entrepreneurship is much stronger in the trend perspective than in the business cycle perspective. The nature of the effect of economic dynamics on female entrepreneurship is also country-specific.

Keywords: entrepreneurship; female entrepreneurship; economic dynamics; business cycle; trend; Visegrad Group countries (search for similar items in EconPapers)
JEL-codes: L M M0 M1 M10 M11 M12 M14 M15 M16 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2076-3387/11/3/88/pdf (application/pdf)
https://www.mdpi.com/2076-3387/11/3/88/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jadmsc:v:11:y:2021:i:3:p:88-:d:620372

Access Statistics for this article

Administrative Sciences is currently edited by Ms. Nancy Ma

More articles in Administrative Sciences from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().