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Do Women’s Advancement and Gender Parity Promote Economic Growth? Evidence from 30 Asian Countries

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  • P. K. Mishra
  • S. K. Mishra
  • M. K. Sarangi

Abstract

Women’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 women’s empowerment and gender equality. Thus, targeting women’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.

Suggested Citation

  • P. K. Mishra & S. K. Mishra & M. K. Sarangi, 2020. "Do Women’s Advancement and Gender Parity Promote Economic Growth? Evidence from 30 Asian Countries," Millennial Asia, , vol. 11(1), pages 5-26, April.
    • Handle: RePEc:sae:millen:v:11:y:2020:i:1:p:5-26
    DOI: 10.1177/0976399619900603
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    2. Amjad Naveed & Nisar Ahmad & Amber Naz & Aziza Zhuparova, 2023. "Economic development through women’s economic rights: a panel data analysis," International Economics and Economic Policy, Springer, vol. 20(2), pages 257-278, May.
    3. Ghenwa Al Hakim & Bettina Lynda Bastian & Poh Yen Ng & Bronwyn P. Wood, 2022. "Women’s Empowerment as an Outcome of NGO Projects: Is the Current Approach Sustainable?," Administrative Sciences, MDPI, vol. 12(2), pages 1-23, May.

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