IDEAS home Printed from https://ideas.repec.org/p/abh/wpaper/20-095.html
   My bibliography  Save this paper

Engendering Macroeconomic Policy for Gender Equality in sub-Saharan Africa

Author

Listed:
  • Ibrahim A. Adekunle

    (Olabisi Onabanjo University, Ago-Iwoye, Nigeria)

  • Toluwani G. Kalejaiye

    (Ijagun, Ogun State, Nigeria)

  • Ayomide, O. Ogunade

    (Ijagun, Ogun State, Nigeria)

  • Sina J. Ogede

    (Ijagun, Ogun State, Nigeria)

  • Caleb O. Soyemi

    (Ijagun, Ogun State, Nigeria)

Abstract

The social movement is inspiring meaningful conversation about the discriminatory practices’ that Africa women have long faced in every aspect of their lives. However, despite considerable improvement in the gender balance discourse, the worst cases of gender imbalances are still recorded in sub-Sahara Africa (SSA). Macroeconomic volatility, both as a source and a reflection of underdevelopment, is a fundamental concern for women in SSA. This paper leans empirical credence to the role of macroeconomic policies (fiscal and monetary policies indices) for gender equality in SSA from 1993 through 2017. We gathered panel data on the indices of macroeconomic policies and gender inequality in all 48 SSA countries. We employed the dynamic panel system generalised method of moments estimation procedure (dynamic system GMM) to establish a baseline level relationship between the variables of interest. We adjusted for heterogeneity assumptions inherent in ordinary panel estimation and found a basis for the strict orthogonal relationship among the variables. Our results suggest fluctuations in macroeconomic policies as a lead factor for gender equality in SSA countries. Efforts should be tailored towards balanced macroeconomic policies that can guarantee sustainable gender equality approaches to collective prosperity.

Suggested Citation

  • Ibrahim A. Adekunle & Toluwani G. Kalejaiye & Ayomide, O. Ogunade & Sina J. Ogede & Caleb O. Soyemi, 2020. "Engendering Macroeconomic Policy for Gender Equality in sub-Saharan Africa," Research Africa Network Working Papers 20/095, Research Africa Network (RAN).
  • Handle: RePEc:abh:wpaper:20/095
    as

    Download full text from publisher

    File URL: http://publications.resanet.org/RePEc/abh/abh-wpaper/Engendering-Macroeconomic-Policy-for-Gender-Equality-in-sub-Saharan-Africa.pdf
    File Function: Revised version, 2020
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Diouf, Ibrahima & Pépin, Dominique, 2017. "Gender and central banking," Economic Modelling, Elsevier, vol. 61(C), pages 193-206.
    2. Naomi Netsayi Wekwete, 2014. "Gender and Economic Empowerment in Africa: Evidence and Policy," Journal of African Economies, Centre for the Study of African Economies, vol. 23(suppl_1), pages 87-127.
    3. Ms. Janet Gale Stotsky, 2006. "Gender and its Relevance to Macroeconomic Policy: A Survey," IMF Working Papers 2006/233, International Monetary Fund.
    4. Ibrahim A. Adekunle & Tolulope O. Williams & Olatunde J. Omokanmi & Serifat O. Onayemi, 2020. "Mediating roles of institutions in the remittance-growth relationship: evidence from Nigeria," Research Africa Network Working Papers 20/063, Research Africa Network (RAN).
    5. Wyndow, Paula & Li, Jianghong & Mattes, Eugen, 2013. "Female Empowerment as a Core Driver of Democratic Development: A Dynamic Panel Model from 1980 to 2005," World Development, Elsevier, vol. 52(C), pages 34-54.
    6. Ibrahim A. Adekunle & Tolulope O. Williams & Olatunde J. Omokanmi & Serifat O. Onayemi, 2020. "Mediating roles of institutions in the remittance-growth relationship: evidence from Nigeria," Working Papers of the African Governance and Development Institute. 20/063, African Governance and Development Institute..
    7. Im, Kyung So & Pesaran, M. Hashem & Shin, Yongcheol, 2003. "Testing for unit roots in heterogeneous panels," Journal of Econometrics, Elsevier, vol. 115(1), pages 53-74, July.
    8. Ibrahim A. Adekunle & Tolulope O. Williams & Olatunde J. Omokanmi & Serifat O. Onayemi, 2020. "Mediating roles of institutions in the remittance-growth relationship: evidence from Nigeria," Working Papers 20/063, European Xtramile Centre of African Studies (EXCAS).
    9. Cho, Seo-Young, 2016. "Does Gender Equality Promote Social Trust? An Empirical Analysis," World Development, Elsevier, vol. 88(C), pages 175-187.
    10. Ms. Dalia S Hakura & Mr. Mumtaz Hussain & Ms. Monique Newiak & Mr. Vimal V Thakoor & Mr. Fan Yang, 2016. "Inequality, Gender Gaps and Economic Growth: Comparative Evidence for Sub-Saharan Africa," IMF Working Papers 2016/111, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Valerie Onyia Babatope & Jude Okoye & Ibrahim Ayoade Adekunle & Johnson Fejoh, 2023. "Work burnout and organisational commitment of medical professionals," Future Business Journal, Springer, vol. 9(1), pages 1-13, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ibrahim A. Adekunle & Toluwani G. Kalejaiye & Ayomide, O. Ogunade & Sina J. Ogede & Caleb O. Soyemi, 2020. "Engendering Macroeconomic Policy for Gender Equality in sub-Saharan Africa," Working Papers 20/095, European Xtramile Centre of African Studies (EXCAS).
    2. Ibrahim A. Adekunle & Toluwani G. Kalejaiye & Ayomide O. Ogunade & Sina J. Ogede & Caleb O. Soyemi, 2020. "Engendering Macroeconomic Policy for Gender Equality in sub-Saharan Africa," Working Papers of The Association for Promoting Women in Research and Development in Africa (ASPROWORDA). 20/009, The Association for Promoting Women in Research and Development in Africa (ASPROWORDA).
    3. Ibrahim A. Adekunle & Toluwani G. Kalejaiye & Ayomide, O. Ogunade & Sina J. Ogede & Caleb O. Soyemi, 2020. "Engendering Macroeconomic Policy for Gender Equality in sub-Saharan Africa," Working Papers of the African Governance and Development Institute. 20/095, African Governance and Development Institute..
    4. Ibrahim Ayoade Adekunle & Sheriffdeen Adewale Tella & Oluwaseyi Adedayo Adelowokan, 2021. "Macroeconomic policy volatility and household consumption in Africa," SN Business & Economics, Springer, vol. 1(3), pages 1-22, March.
    5. Ibrahim A. Adekunle & Olumuyiwa G. Yinusa & Tolulope O. Williams & Rahmon A. Folami, 2021. "On the Determinant of Financial Development in Africa: Geography, Institutions and Macroeconomic Policy Relevance," Research Africa Network Working Papers 21/054, Research Africa Network (RAN).
    6. Ibrahim A. Adekunle & Sheriffdeen A. Tella & Kolawole Subair & Soliu B. Adegboyega, 2020. "Remittances and Financial Development in Africa," Working Papers of the African Governance and Development Institute. 20/081, African Governance and Development Institute..
    7. Ibrahim A. Adekunle, 2020. "On the search for environmental sustainability in Africa: the role of governance," Working Papers 20/078, European Xtramile Centre of African Studies (EXCAS).
    8. Odhiambo, Nicholas M., 2022. "Information technology, income inequality and economic growth in sub-Saharan African countries," Telecommunications Policy, Elsevier, vol. 46(6).
    9. Ibrahim A. Adekunle & Sheriffdeen A. Tella & Kolawole Subair & Soliu B. Adegboyega, 2020. "Remittances and Financial Development in Africa," Working Papers 20/081, European Xtramile Centre of African Studies (EXCAS).
    10. Ibrahim A. Adekunle & Sheriffdeen A. Tella & Kolawole Subair & Soliu B. Adegboyega, 2020. "Remittances and Financial Development in Africa," Research Africa Network Working Papers 20/081, Research Africa Network (RAN).
    11. Ibrahim A. Adekunle, 2020. "On the search for environmental sustainability in Africa: the role of governance," Working Papers of the African Governance and Development Institute. 20/078, African Governance and Development Institute..
    12. Ibrahim A. Adekunle, 2020. "On the search for environmental sustainability in Africa: the role of governance," Research Africa Network Working Papers 20/078, Research Africa Network (RAN).
    13. Zuzana Brixiová Schwidrowski & Susumu Imai & Thierry Kangoye & Nadege Desiree Yameogo, 2021. "Assessing gender gaps in employment and earnings in Africa: The case of Eswatini," Development Southern Africa, Taylor & Francis Journals, vol. 38(4), pages 643-663, July.
    14. Romina Kazandjian & Ms. Lisa L Kolovich & Ms. Kalpana Kochhar & Ms. Monique Newiak, 2016. "Gender Equality and Economic Diversification," IMF Working Papers 2016/140, International Monetary Fund.
    15. Taniya Ghosh & Sanika Sulochani Ramanayake, 2018. "Women empowerment and good times: Which one leads to the other?," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2018-004, Indira Gandhi Institute of Development Research, Mumbai, India.
    16. Sanika Sulochani Ramanayake & Taniya Ghosh, 2017. "Role of Gender Gap in Economic Growth: Analysis on Developing Countries versus OECD Countries," Working Papers id:11690, eSocialSciences.
    17. Herwartz, Helmut & Reimers, Hans-Eggert, 2006. "Modelling the Fisher hypothesis: World wide evidence," Economics Working Papers 2006-04, Christian-Albrechts-University of Kiel, Department of Economics.
    18. Bilal Mehmood & Syed Hassan Raza & Mahwish Rana & Huma Sohaib & Muhammad Azhar Khan, 2014. "Triangular Relationship between Energy Consumption, Price Index and National Income in Asian Countries: A Pooled Mean Group Approach in Presence of Structural Breaks," International Journal of Energy Economics and Policy, Econjournals, vol. 4(4), pages 610-620.
    19. Claudia García-García & Catalina B. García-García & Román Salmerón, 2021. "Confronting collinearity in environmental regression models: evidence from world data," Statistical Methods & Applications, Springer;Società Italiana di Statistica, vol. 30(3), pages 895-926, September.
    20. Pedroni, Peter & Yao, James Yudong, 2006. "Regional income divergence in China," Journal of Asian Economics, Elsevier, vol. 17(2), pages 294-315, April.

    More about this item

    Keywords

    Macroeconomic Policy; Gender Equality; Dynamic GMM; Sub-Sahara Africa;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:abh:wpaper:20/095. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anutechia Asongu Simplice (email available below). General contact details of provider: http://www.resanet.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.