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.

中文翻译：

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经济动力与女性创业的关系：对维谢格拉德国家的思考

长期以来，人们一直观察到创业中的性别差距，这可以由特定于女性的因素和性别中立的因素来解释，但这些解释都没有被普遍接受。本文的目的是评估内部经济动态对女性创业的影响。经济动态是一个持续的过程，同时受到不同时间范围内的内生和外生因素的影响，其中发展趋势和经济周期是最重要的时间视角。实施时间序列分解程序以提取趋势和周期性波动，然后使用向量误差校正模型（VECM）方法来估计显示经济动态对中长期女性创业影响的模型。该研究涉及维谢格拉德集团的国家，包括捷克、匈牙利、波兰和斯洛伐克，基于 1998 年至 2020 年的季度数据。结果表明，虽然经济动态影响女性创业，但在某种程度上，它并不是最主要的因素。经济动态对女性创业的影响在趋势角度比在商业周期角度要强得多。经济动态对女性创业的影响的性质也因国家而异。经济动态对女性创业的影响在趋势角度比在商业周期角度要强得多。经济动态对女性创业的影响的性质也因国家而异。经济动态对女性创业的影响在趋势角度比在商业周期角度要强得多。经济动态对女性创业的影响的性质也因国家而异。