Feminine entrepreneurship, human development, and public policies: the Peruvian case

Abstract

This study examines whether female entrepreneurship, driven by opportunity and necessity, influences human development in Peru. It focuses on early-stage entrepreneurial activity (TEA) among women, based on their motivation for entrepreneurship, using data from the Global Entrepreneurship Monitor (GEM) for Peru from 2008 to 2018, and the Human Development Index (HDI) from the United Nations Development Programme (UNDP) for Peru from 2007/8 to 2018. The information was analyzed and hypotheses were tested using bivariate analysis, utilizing Pearson's correlation coefficient, along with its significance, obtained from the T-Student test. The findings indicate that female entrepreneurship driven by opportunity is positively and significantly correlated (0.714, Sig.<0.05) with human development, while no significant relationship (Sig.>0.05) was found between entrepreneurship driven by necessity and human development. These results are valuable for the formulation of policies that promote and support female entrepreneurship, as they help understand the motivations behind it and recognize its contribution to the nation's human development.