The Impact of Female Entrepreneurship on Economic Growth in the Asean Countries: A Panel MM-QR Approach

Abstract

The purpose of this paper is to determine the significance of female entrepreneurship for economic growth in Southeast Asian countries. A panel data model was applied, with GDP per employed person serving as the dependent variable and seven key factors in female entrepreneurship serving as independent variables. Empirical panel quantile regression using the Method of Moments Quantile Regression (MM-QR) approach found that both the female entrepreneurship indicator and the female workplace indicator have a positive impact on economic growth. However, the Gender Inequality Index, Gender Development Index, female pay indicator, female parenthood indicator, and female marriage indicator all have negative effects.