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Economic Growth and Evolution of Gender Equality

Author

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  • Tatiana Damjanovic
  • Geethanjali Selvaretnam

Abstract

We present an evolutionary growth model where the degree of gender equality evolves towards the value maximizing social output. It follows that a woman's bargaining power should depend positively on her relative productivity. When an economy is less developed, physical strength plays a key role in production and thus, total output is greater when the man gets a larger share. As society develops and accumulates physical capital and human capital, the woman becomes relatively more productive, which drives the output maximizing social norm towards gender equality. Empirical results support these predictions of the theoretical model. Simulations show that in the long run, an economy with gender equality can outperform an economy where gender balance of power maximizes social output, although in the short run, it can lag behind.

Suggested Citation

  • Tatiana Damjanovic & Geethanjali Selvaretnam, 2020. "Economic Growth and Evolution of Gender Equality," Manchester School, University of Manchester, vol. 88(1), pages 1-36, January.
    • Handle: RePEc:bla:manchs:v:88:y:2020:i:1:p:1-36
    DOI: 10.1111/manc.12274
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    Cited by:

    1. Zhang, Jiekuan & Zhang, Yan, 2020. "Tourism and gender equality: An Asian perspective," Annals of Tourism Research, Elsevier, vol. 85(C).
    2. Anna V. Diachkova & Anna E. Kontoboitseva, 2022. "Economic Benefits of gender equality: comparing EU and BRICS countries," Economic Consultant, Scientific and Educational Initiative LLC, vol. 37(1), pages 4-15.
    3. Toluwalope Seyi Akinwande & Fatma Turuc & Mehdi Seraj & Huseyin Ozdeser, 2025. "The link between gender inequality, financial development, and economic growth in Nigeria: A spectral Granger causality approach," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(2), pages 2429-2439, April.
    4. Murthi, Srinivash & Zhang, Wen & Shaturaev, Jakhongir, 2023. "Role of Tourism in Ensuring Gender Equity: An Asian Perspective," MPRA Paper 118486, University Library of Munich, Germany, revised 15 Jun 2023.
    5. Enyang Besong Susan & Manases Mbengwor Natu, 2023. "Re-imagining the Gender Gap in Economic Participation and Opportunities: Assessing the Link Between Sustainable Development and Gender Equality in Some African Countries," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 169(3), pages 817-845, October.

    More about this item

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
    • D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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