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The gender gap in entrepreneurship has been observed for a long time, explained by both female-specific and gender-neutral factors, but none of these explanations is generally accepted. The aim of the paper is to assess the effect of internal economic dynamics on female entrepreneurship. Economic dynamics is a persistent process affected simultaneously by both endogenous and exogenous factors of a different time horizon, with the development trend and the business cycle as the most important time perspectives. The decomposition procedure of time series is implemented to extract trend and cyclical fluctuations, after which the Vector Error Correction Model (VECM) method is used to estimate models showing the impact of economic dynamics on female entrepreneurship in the long- and medium-run. The study concerns the countries of the Visegrad Group, including Czechia, Hungary, Poland, and Slovakia, and is based on quarterly data from the years 1998 to 2020. The results show that, although the economic dynamics impact female entrepreneurship, to some extent, it is not the most dominant factor. The impact of economic dynamics on female entrepreneurship is much stronger in the trend perspective than in the business cycle perspective. The nature of the effect of economic dynamics on female entrepreneurship is also country-specific.

Objective: Female entrepreneurship rates vary strongly across countries and industries. The aim of this paper is to verify what determines female entrepreneurship in male-dominated industries and female-dominated industries and whether the differences between those types of sectors are significant. Research Design & Methods: We use panel data across 7 European countries in the timespan of 2009-2018 to verify our assumptions. We study the Construction (NACE F) and Human Health and Social Work Activities (NACE Q) industries. Findings: The research shows significant differences amongst the determinants of female entrepreneurship in male-dominated and female-dominated industries. Industry-specific determinants play an important role in male-dominated industries and a much lesser role in female-dominated ones. Contribution & Value Added: The conducted research indicates the necessity of including the industry-perspective in studies on female entrepreneurship. Previous studies have frequently neglected this aspect, paying more attention to country-specific determinants.