Impact of Women Entrepreneurship on Green Innovation; Evidence from Asian Region

Abstract

Female entrepreneurship is vital for economic diversification, it fosters a sustainable economy and promotes green innovation. This study empirically investigates the link between WENP and GIN regionally by employing panel data of 23 Asian economies from 2008 to 2022 from different sources such as WDI, OECD, and WGI. A system-generalized method of moments (Sys-GMM) has been applied and the findings revealed that green innovation is related to women entrepreneurship. Furthermore, GIN is positively correlated with women entrepreneurship, while male entrepreneurship negatively impacts GIN. In addition, the role of education in promoting women entrepreneurship and green innovation (GIN) is significant, suggested that women with more education are likely to use more eco-friendly technologies at a regional level