Economic development through women’s economic rights: a panel data analysis

Abstract

Increasing gender equality and enhancing women empowerment through work opportunities are the important steps in achieving sustainable development. The aim of this paper is threefold: (1) to empirically examine the relationship between women economic rights and economic growth for the global sample. (2) To explore whether the effect of women’s economic rights is different across different economies. (3) This paper uses spatial econometric techniques to examine the impact of women’s economic rights on neighbouring countries. For empirical purpose, we use the data for 171 countries over the period 1960–2016. The results show that women’s economic rights positively affect growth; however, the effect is heterogeneous across different economies. From spatial analysis, we confirm that 75% spillover effect of women economic rights is passing through neighbouring country. The results of this study are consistent and coherent with the EU policy about women’s economic empowerment where it claims that joint effort in promoting women empowerment by all actors could lead to sustainable development and growth.