Female entrepreneurship, remittance dependency and economic growth: an exploratory analysis of post-soviet transition economies

Kasimov, Otabek and Farkas, Beáta (2026) Female entrepreneurship, remittance dependency and economic growth: an exploratory analysis of post-soviet transition economies. HUNGARIAN STATISTICAL REVIEW, 9 (1). pp. 78-101. ISSN 2630-9130

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Abstract

This exploratory study investigates the intricate connections between economic growth, healthindicators, remittance dependency, and female entrepreneurship in post-soviet transitioneconomies. We examine the impact of gender-inclusive entrepreneurship and migration-relatedfinancial flows on economic performance by employing Partial Least Squares Structural EquationModeling (PLS-SEM) with cross-sectional data from 14 countries. Our results suggest thateconomic growth is positively influenced by female self-employment (β = 0.553, p < 0.01).Conversely, elevated under-five mortality rates (β = –0.852, p < 0.001) and remittance dependency(β = –0.624, p < 0.001) demonstrate negative correlations. The findings enhance comprehension ofthe varied impacts of transition policies, specifically emphasizing the underutilized potential offemale entrepreneurship and the macroeconomic drawbacks associated with high remittancedependency in Central Asian republics. The research offers initial evidence supporting policyinterventions aimed at promoting gender-inclusive economic development and diversificationstrategies in economies reliant on remittances.

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