Women’s Development Towards Inclusive Growth: A Study of Selected South Asian Women

Abstract

Economic growth incorporating women's participation opens many economic opportunities for women which not only upgrade women's status in society but also make growth more inclusive. Improved condition and position of women in society play an important role in developing women along with enhancing their economic role. Besides explaining the significant role of women in an economy. This paper also throws some light on the need for good governance to enhance their economic role. In this context to evaluate the effect of the development of women on inclusive growth panel data models named the Fixed-Effect and Random-Effect Models have been used. Moreover, the models of White, Rogers, and Driscoll-Kraay estimators are also applied for robustness considering the three selected South Asian countries for the period between 2000-2021. The study finds that developing women play an influential role in inclusive growth and this relationship becomes more significant in the presence of good governance. Thus, it has been recommended that there should be a special focus on government policies towards women’s education, health, and political representation to make economic growth more inclusive by enhancing their economic role through their development.