The relationship between women entrepreneurship and gender equality

The degree at which entrepreneurship affects the economy depends on numerous factors, including the quality, gender composition, and type of entrepreneurial activity. Gender equality and female entrepreneurship are key factors in economic development. In order to study the relationship between gender equality and the rate of female entrepreneurship, this paper investigates how gender-related economic development and women entrepreneurial activity are related. We characterize the relationship between gender-related development indices (introduced by the United Nations) and different stages of women entrepreneurial activity (created by Global Entrepreneurship Monitor, GEM) through a correlation analysis. Our results suggest that female entrepreneurial activity is not significantly correlated with gender equality.