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This book brings together new household and enterprise data from 41 countries in Sub-Saharan Africa to inform policy makers and practitioners on ways to expand women entrepreneurs’ economic opportunities. Sub-Saharan Africa boasts the highest share of women entrepreneurs, but they are disproportionately concentrated among the self-employed rather than employers. Relative to men, women are pursuing lower opportunity activities, with their enterprises more likely to be smaller, informal, and in low value-added lines of business. The challenge in expanding opportunities is not helping more women become entrepreneurs but enabling them to shift to higher return activities. A central question addressed in the book is what explains the gender sorting in the types of enterprises that women and men run? The analysis shows that many Sub-Saharan countries present a challenging environment for women. Four key areas of the agenda for expanding women’s economic opportunities in Africa are analyzed: strengthening women’s property rights and their ability to control assets; improving women’s access to finance; building human capital in business skills and networks; and strengthening women’s voices in business environment reform. These areas are important both because they have wide gender gaps and because they help explain gender differences in entrepreneurial activities. It is particularly striking that while gender gaps in education tend to close with higher incomes, gaps in women’s property rights and in women’s participation in reform processes do not. As simply raising a country’s income is unlikely to be sufficient to give women equal ability to control assets or have greater voice, more proactive steps will be needed. Practical guidelines to move the agenda forward are discussed for each of these key areas.

Women --- Businesswomen --- Economic conditions. --- Social conditions. --- Employment --- Human females --- Wimmin --- Woman --- Womon --- Womyn --- Entrepreneurs, Women --- Women entrepreneurs --- Women in business --- Females --- Human beings --- Femininity --- Businesspeople --- Women-owned business enterprises

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Size, age, sector, and productivity are commonly cited as factors determining a firm's survival. However, there are several dimensions of the investment climate in which the firm operates that affect whether it continues in business or exits. This paper uses new panel data from 27 Eastern European and Central Asian countries to test the importance of five areas of the business climate on firm exit: the efficiency of government services, access to finance, the extent of corruption or cronyism, the strength of property rights, and the degree of competition. The paper finds that weaknesses in these areas do affect the probability of firm exit - largely in ways that undermine the Schumpeterian cleansing role of exit in raising overall productivity. Greater costs and regulatory burdens raise the probability that more productive firms exit, while less developed financial and legal institutions mitigate forces that would otherwise push less productive firms to exit. Thus, the more productive firms stand to gain the most from improvements in the investment climate, whether that is lowering transaction costs or improving market mechanisms. This holds both within countries and across countries. The impact of a particular investment climate measure can also differ significantly by type of firm, with the focus given to firm size. The differential impact on size can be significant at a size cutoff of 10 or more employees. As these are the firms that are near the threshold of many regulatory requirements, the implications are not just with regard to whether a firm remains in operation, but whether it does so in the formal sector.

Access to credit --- Access to Finance --- Access to finance --- Access to loans --- Bribes --- Corruption --- Debt Markets --- Emerging Markets --- Employee --- Environmental Economics and Policies --- Finance and Financial Sector Development --- Financial institutions --- Financial markets --- Financial services --- Financial system --- Fixed costs --- International Bank --- Investment decisions --- Labor market --- Microfinance --- Multinational --- Multinationals --- Private Sector Development --- Property Rights --- Red tape --- Transaction costs --- Transactions costs

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Size, age, sector, and productivity are commonly cited as factors determining a firm's survival. However, there are several dimensions of the investment climate in which the firm operates that affect whether it continues in business or exits. This paper uses new panel data from 27 Eastern European and Central Asian countries to test the importance of five areas of the business climate on firm exit: the efficiency of government services, access to finance, the extent of corruption or cronyism, the strength of property rights, and the degree of competition. The paper finds that weaknesses in these areas do affect the probability of firm exit - largely in ways that undermine the Schumpeterian cleansing role of exit in raising overall productivity. Greater costs and regulatory burdens raise the probability that more productive firms exit, while less developed financial and legal institutions mitigate forces that would otherwise push less productive firms to exit. Thus, the more productive firms stand to gain the most from improvements in the investment climate, whether that is lowering transaction costs or improving market mechanisms. This holds both within countries and across countries. The impact of a particular investment climate measure can also differ significantly by type of firm, with the focus given to firm size. The differential impact on size can be significant at a size cutoff of 10 or more employees. As these are the firms that are near the threshold of many regulatory requirements, the implications are not just with regard to whether a firm remains in operation, but whether it does so in the formal sector.

Access to credit --- Access to Finance --- Access to finance --- Access to loans --- Bribes --- Corruption --- Debt Markets --- Emerging Markets --- Employee --- Environmental Economics and Policies --- Finance and Financial Sector Development --- Financial institutions --- Financial markets --- Financial services --- Financial system --- Fixed costs --- International Bank --- Investment decisions --- Labor market --- Microfinance --- Multinational --- Multinationals --- Private Sector Development --- Property Rights --- Red tape --- Transaction costs --- Transactions costs

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The importance of property rights in providing the incentive to invest, work hard, and innovate has been recognized for centuries. Yet, many women in Africa do not have the same property rights or formal legal capacity enjoyed by men. Empowering Women: Legal Rights and Economic Opportunities in Africa documents the extent to which the legal capacity and property rights vary for women and men, and analyzes the impact this has on women's economic opportunities. The book introduces the "Women's Legal Economic Empowerment Database - Africa (Women LEED Africa)." This database covers all 47 countrie

Women --- Women's rights --- Sex discrimination against women --- Economic conditions. --- Social conditions. --- Discrimination against women --- Subordination of women --- Women, Discrimination against --- Feminism --- Sex discrimination --- Male domination (Social structure)