The Impact of Female Entrepreneurship on Economic Growth in Developing and Developed Economies

Gulvira Akybayeva, Ainash Mussabekova (), Sagynysh Mambetova, Meiramgul Ayaganova and Aliya Koitanova
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Gulvira Akybayeva: Karagandy Buketov University, Karaganda, Kazakhstan
Ainash Mussabekova: Karagandy Buketov University, Karaganda, Kazakhstan
Sagynysh Mambetova: Karagandy Buketov University, Karaganda, Kazakhstan
Meiramgul Ayaganova: Karagandy Buketov University, Karaganda, Kazakhstan
Aliya Koitanova: Astana IT University, Astana, Kazakhstan

Economics, 2024, vol. 12, issue 2, 145-162

Abstract: Significance. The development of women’s entrepreneurship is still a largely untapped potential for growth and prosperity. The economic role of women is crucial for growth and a more equitable distribution of wealth. Economic opportunities are much more important for women today than for the previous generation, especially for developing countries. In this regard, the impact of women’s entrepreneurship on economic growth is an important area of research reflecting broader interests in gender equality, economic development and human resource optimization. Objectives. Analysis of the impact of women’s entrepreneurship on the economies of developed and developing countries and the development of some recommendations for the development of women’s entrepreneurship. Methods. For this study, the method of ordinary least squares (OLS) was used, which analyses the impact of women’s entrepreneurship on economic growth in developed and developing countries in the period 2012-2022. Results. The under-development of women’s entrepreneurship represents untapped potential for growth and prosperity in many countries. In this regard, there is an urgent need to create more favourable conditions for the development and strengthening of women’s entrepreneurship, more thoughtful policies and decisive measures aimed at empowering women are crucial. The results obtained in the course of this study are important for the development of theoretical and methodological foundations for the study of women’s entrepreneurship. The results of the study may be useful for women entrepreneurs, NGOs/NGOs, development institutions and government agencies.

Keywords: women’s entrepreneurship; entrepreneurial approach; human capital; economic growth; economic potential (search for similar items in EconPapers)
JEL-codes: D31 E21 E44 J26 O11 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:econom:v:12:y:2024:i:2:p:145-162:n:1006

DOI: 10.2478/eoik-2024-0016

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