Analysis the Effects of Fiscal and Monetary Policies on Entrepreneurship (With Focus on Women)

Document Type : Research Paper


1 International Economics Ph.D Student, University of Mazandaran, Faculty of Economics & Administrative Science, Babolsar, Iran * Faculty of Economics Group in ACECR, Branch of Tarbiat Modares University, Tehran, Iran

2 2- M.A. in Economics, membership of Economics Group in ACECR, Branch of Tarbiat Modares University, Tehran, Iran


Entrepreneurship, as one of the factors affecting economic growth, is also considered among the key factors by economic policymakers. However, in examining the issue of entrepreneurship, it should be noted that women’s and men’s entrepreneurship can be considered as two distinct and separate phenomena. Therefore, the main objective of this paper is to investigate the relationship between women's entrepreneurship and economic growth, monetary and fiscal policies and how mentioned variables would affect women (female) entrepreneurs. For this purpose, the relationship between the variables of women's entrepreneurship and other macroeconomic variables has been tested using panel data approach in the time period of 2002 to 2007. The results of this study indicated that there is a positive and meaningful correlation between the entrepreneurship variable and macroeconomic policies. The results show that the expansionary fiscal policy (increased 1 percent), about the size of 1.5234 percent, the index of women entrepreneurship (TEA) is added. The one percent increase in the monetary variable (expansionary monetary policy) and economic growth in order to increase the size of 0.1947 and 0.1505 percent of women entrepreneurship.


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