Women’s entrepreneurship as the part of economic systems inclusive development
Up to the third of all businesses operating in the formal economy worldwide are run by women, but most of these enterprises, especially in developing countries and countries with transitional economies, as Ukraine, are micro-enterprises with little potential for growth. Along with traditional indicators of economic growth, the inclusive economic development model takes into account human capital equality, environmentally friendly production, social protection, gender equality as factors of economic system sustainability. The purpose of the study is to determine the role of women's entrepreneurship in economic systems inclusive development. The objectives of the study are generalization of women's in entrepreneurship involvement role in inclusive economic growth; current state of women in various types of economic activity involvement analysis; the possibility of inclusive growth through the women's entrepreneurship development achievement justification. The object of the study is the process of economic systems inclusive growth through women entrepreneurship activity increase. It has been proved that, significant differentiation in women and men wage levels, insufficient number of women in business on management positions remain relevant issues today. The current state of women's entrepreneurship and gender equality aspects under inclusive growth and inclusive development issues was determined. Ukraine population structure and the distribution of managers and individual entrepreneurs by sex within the types of economic activity analysis has been conducted. The mechanism aimed at women's entrepreneurship inclusiveness provision, which includes regulatory, financial credit, organizational and economic, motivational and stereotypical components has been proposed. It has been substantiated, that entrepreneurship contributes to the middle class increase, and thus social and political stability strengthening, including gender problems that exist in the labor market solvation. The system of measures of women's entrepreneurship inclusiveness ensurement mechanism, which will provide an integrated approach, formation has been proposed.
2. Bavle, S. (2015). Women Entrepreneurship towards Inclusive Growth: Role of Economic Factore. MERC Global's International Journal of Social Science & Management. 2. 323-332.
3. Beugelsdijk, S., Schaik, T. (2005). Social capital and growth in European regions: An empirical test. European Journal of Political Economy, Vol. 21(2), 301–324 p. DOI: 10.1016/j.ejpoleco.2004.07.004.
4. Boarini R., Causa O., Fleurbaey M., Grimalda G., Woolard I. (2018). Reducing inequalities and strengthening social cohesion through inclusive growth: a roadmap for action. Economics: The Open-Access, Open-Assessment E-Journal. № 12 (2018-63). – 1–26 p. DOI: http://dx.doi.org/10.5018/economics-ejournal.ja.2018-63
5. Chaikin O., Kirieieva E., Slobodeniuk O. (2018). Environmental Management Certification: Socio-Economic Monitoring. Management Theory and Studies for Rural Business and Infrastructure Development. 2018. Vol. 40. № 3. – 297 – 306 p. DOI: https://doi.org/10.15544/mts.2018.28.
6. Chaikin, O., Kirieieva, E. (2020). Branch approach to sustainable development and inclusive growth: Ukraine case. Scientific Horizons, 06 (91), 19–25. doi: 10.33249/2663-2144-2020-91-6-19-25.
7. Cichowicz, E., Rollnik-Sadowska, E. (2018). Inclusive Growth of the CEE Countries as a Determinant of Sustainable Development. DOI: 10.20944/preprints201809.0344.v1.
8. European Commission (EC). Europe 2020: A Strategy for Smart, Sustainable and Inclusive Growth. Communication from the Commission; Publications Office of the European Union: Luxemburg, 2010; Available online: https://eur-lex.europa.eu/legal-content/FR/TXT/PDF/?uri=CELEX:52010DC2020&from=EN (accessed on 29 Sep 2020).
9. Gabaldón Quiñones, P. (2016). Female entrepreneurs: adding a new perspective to economic growth. Madrid: Fundación Rafael del Pino. Available at: https://frdelpino.es/investigacion/wp-content/uploads/2020/02/FEMALE.pdf
10. Georgescu, M., Herman, E. (2019). Productive Employment for Inclusive and Sustainable Development in European Union Countries: A Multivariate Analysis. Sustainability. Vol. 11(6), 1771 p. DOI: 10.3390/su11061771
11. Ilzkovitz, F., A. Dierx, V. Kovacs, and N. Sousa (2007): “Steps towards a deeper economic integration: the internal market in the 21st century,” European Economy - Economic Papers 271, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission. Available at: https://ec.europa.eu/economy_finance/publications/pages/publication784_en.pdf
12. Kanzu Satrio M., Amar S., Aimon H. (2019) Determinants of Inclusive Growth on the Inequality. Third Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2019). Atlantis Press. – 138-148 p. DOI: https://doi.org/10.2991/piceeba-19.2019.17
13. Lock, R., Lawton Smith, H. (2016). The impact of female entrepreneurship on economic growth in Kenya. International Journal of Gender and Entrepreneurship, Vol. 8 No. 1, pp. 90-96. https://doi.org/10.1108/IJGE-11-2015-0040
14. Manafi, I., Marinescu, D. (2013). The Influence of Investment in Education on Inclusive Growth – Empirical Evidence from Romania vs. EU. Procedia - Social and Behavioral Sciences. Vol. 93, pp. 689-694. DOI: 10.1016/j.sbspro.2013.09.262.
15. McKinsey Global Institute. The Power of Parity: How Advancing Women’s Equality Can Add $12 Trillion to Global Growth. Electronic recourse: https://conectadas.org/wp-content/uploads/2018/05/MGI-Power-of-parity_Executive-summary_September-2015-1.pdf
16. Özyol, Arzu. (2019). Investing in Women’s Entrepreneurship: Inclusive and Sustainable Economic Growth. DOI: 10.1007/978-981-32-9588-9_13.
17. Park C., Claveria R. (2018) Does Regional Integration Matter for Inclusive Growth? Evidence from the Multidimensional Regional Integration Index. Economics Working Papers. № 559. – 53 P. DOI: http://dx.doi.org/10.22617/WPS189608-2
18. Pouw N., Bruijne A. (2015). Strategic Fovernance for Inclusive Development. European Journal of Development Research. Vol. 27. № 4. – 481 487 p. DOI: https://doi.org/10.1057/ejdr.2015.53
19. Soava, G., Mehedintu, A., Sterpu, M. (2020). Relations Between Income Inequality, Economic Growth and Poverty Threshold: New Evidences from EU Countries Panels. Technological and Economic Development of Economy. Vol. 26(2), pp. 290-310. https://doi.org/10.3846/tede.2019.11335.
20. State Statistics Service of Ukraine. Electronic recourse: http://database.ukrcensus.gov.ua/PXWEB2007/ukr/publ_new1/2020/zb_nas_2019.pdf (accessed on 19 Sep 2020).
21. United Nations Ukraine: http://www.un.org.ua/images/documents/4531/Women_and_Men_in-Leadership_Position.pdf
22. Women entrepreneurship: facts and figures. Electronic recourse: https://wegate.eu/about/women-entrepreneurship-facts-and-figures