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Role of gender gap in economic growth: Analysis on developing countries versus OECD countries

Sanika Sulochani Ramanayake () and Taniya Ghosh ()
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Sanika Sulochani Ramanayake: Indira Gandhi Institute of Development Research

Indira Gandhi Institute of Development Research, Mumbai Working Papers from Indira Gandhi Institute of Development Research, Mumbai, India

Abstract: This study investigates the effects of the gender gap on economic growth by using a composite gender gap index from the World Economic Forum. The index captures the multidimensional aspect of the gender gap, which includes gaps in opportunities and outcomes. Previous studies on the effect of gender inequality on economic growth have focused on the unidirectional aspect of inequality, such as gender-wage inequality. The differential effect of the gender gap is established by comparing three different samples, namely, member countries of the Organisation for Economic Co-operation and Development, developing countries, and a combination of South and Southeast Asian countries. According to panel data estimations, policies that promote equity boost the economic growth of developing countries, including those in South and Southeast Asia. The role of export growth in economic growth is also analyzed. Consistent with those in literature, current results indicate that export growth exerts a significant positive effect on the economic growth of all samples.

Keywords: Gender gap; Export growth; Economic growth; OECD countries; Developing countries; South Asia and South East Asia (search for similar items in EconPapers)
JEL-codes: D63 I24 F43 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2017-01
New Economics Papers: this item is included in nep-gen and nep-sea
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