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Economic Growth and Evolution of Gender Equality

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  • Tatiana Damjanovic
  • Geethanjali Selvaretnam

Abstract

We put forward a theoretical growth model where the degree of gender equality evolves towards the value maximising social output. It follows that a woman’s bargaining power positively depends on her relative productivity. When an economy is less developed, physical strength is quite important for production and therefore the total output is bigger when the man has larger share of the reward. As society develops and accumulates physical and human capital, the woman becomes more productive, which drives social norms towards gender equality. By endogenising gender balance of power we can explain why it differs across societies and how it evolves over the time.

Suggested Citation

  • Tatiana Damjanovic & Geethanjali Selvaretnam, 2015. "Economic Growth and Evolution of Gender Equality," Working Papers 2015_20, Business School - Economics, University of Glasgow.
  • Handle: RePEc:gla:glaewp:2015_20
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    3. Diachkova, Anna V. & Kontoboitseva, Anna E., 2022. "Economic Benefits of gender equality: comparing EU and BRICS countries," Economic Consultant, Roman I. Ostapenko, vol. 37(1), pages 4-15.
    4. 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.

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    More about this item

    Keywords

    gender inequality; economic growth; female bargaining power; human capital; natural resources;
    All these keywords.

    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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