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Does women empowerment Granger-cause economic growth or the other way around? evidence from Iceland

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  • Khan, Azima
  • Masih, Mansur

Abstract

Women empowerment is a subject that is considered crucial for the development and economic progress of a country. It is a much discussed and highlighted issue in the international arena with the United Nations and other leading financial and human development organizations. On an international level, countries like Iceland, Ireland and Norway are ranked as the most gender-empowered, while Muslim countries like Pakistan, Syria and Yemen rank as the least. We use the standard time series techniques for the analysis and use Iceland as a case study. Our empirical results tend to indicate that there exists a bidirectional Granger-causality between the focused variables. The women empowerment factors have a substantial effect on economic growth and vice versa. The findings are plausible and have strong policy implications.

Suggested Citation

  • Khan, Azima & Masih, Mansur, 2017. "Does women empowerment Granger-cause economic growth or the other way around? evidence from Iceland," MPRA Paper 111186, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:111186
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Women empowerment; GDP growth; Granger-causality; Iceland;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • C58 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Financial Econometrics
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

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