Women Entrepreneurship in MENA and Europe
Women entrepreneurs greatly benefit from the development of economies on both the local and national level. They employ themselves as well as people in the community. Today, microcredit, as part of the microfinance system, has become one of the most successful economic development tools for aid agencies and non-governmental organizations all over the world. Within this framework, this chapter discusses 1) the importance of women to economic development; 2) the significance of microfinance practices for women's empowerment; and 3) the specific influence of microcredit on women's empowerment in Asian and European countries, as determined by spatial econometric analysis with respect to different microfinance variables for the MENA (Middle East and North Africa) and European zones. Using data from 1990-2016, and employing panel spatial econometric models to analyze the changes in women's empowerment over the years, the study has observed that the microfinance indicators are statistically and economically effective in promoting women empowerment in both MENA and European regions.