Do Womenâ€™s Advancement and Gender Parity Promote Economic Growth? Evidence from 30 Asian Countries
P. K. Mishra,
S. K. Mishra and
M. K. Sarangi
Millennial Asia, 2020, vol. 11, issue 1, 5-26
Womenâ€™s advancement and consequential gender equality have significant implications for human capital formation, increase in labour productivity, employment creation, poverty reduction, and overall socio-economic and human development. So, inclusive growth and sustainable development would not be possible without womenâ€™s empowerment and gender equality. Thus, targeting womenâ€™s empowerment is extensively relevant for Asian countries. In this context, this article explored the impact of the gender factors on the economic growth of 30 Asian economies over the period from 1997 to 2015 by using panel autoregressive distributive lag (ARDL) model. It provides the evidence of an overall positive impact of the gender parity index of health, education, employment and democratic representation on the economic growth of Asia in the long run. Therefore, gender equality is an important determinant of economic growth in Asian countries, and hence, should be on board while planning for the empowerment of women.
Keywords: Womenâ€™s advancement; gender parity; economic growth; Asia; ARDL (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:sae:millen:v:11:y:2020:i:1:p:5-26
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