Macroeconomic Environment and Globalization on Support of Women Entrepreneurship

Abstract

The study empirically tests how a country’s stability in macroeconomic environment and three globalization factors, including economic globalization, social globalization, and political globalization, impact national support of women entrepreneurship. Analyzing longitudinal data from 62 countries for the period between 2009 and 2012, the empirical findings demonstrate that a country’s stability in macroeconomic environment and social globalization have significant positive impacts on national variation of women entrepreneurs’ support. The findings provide practical guidance to entrepreneurship policy makers on the importance of developing robust ecosystems with stable macroeconomic environment and strong social globalization level in support of the development of women entrepreneurship.