Economics and Digital Business Review
Vol. 4 No. 2 (2023): February - July

The Influence of Gender Equality on Indonesia's Economic Growth

Hasta Dwi Pradana (Development Economics, Faculty of Economics and Business, Universitas Terbuka)
Ely Wahyuni (Development Economics, Faculty of Economics and Business, Universitas Terbuka)



Article Info

Publish Date
29 Nov 2023

Abstract

This study explores the correlation between gender equality and economic growth in Indonesia. Using secondary data encompassing 34 provinces over the period 2021-2022, the research employs regression analysis with a panel data approach and utilizes the Fixed Effect Model (FEM) as its quantitative framework. The regression results indicate an overall significant positive impact of variables involved in gender equality. The Gender Development Index (GDI) variable shows an essential impact supporting economic growth with a positive trend. However, the results indicate that the Gender Empowerment Index (GEI) has a negative influence on economic growth. Furthermore, the Labor Force Participation Rate (LFPR) does not support Indonesia's economic expansion. This analysis highlights the necessity of increased full participation of women across various sectors to foster economic growth. Recognizing that gender inequality will persist unless the role of women is strengthened, the study emphasizes the need to empower women to achieve gender equality. This study, by establishing an attained focus on fairness, reinforces the notion that the Indonesian economy will thrive through the active involvement and contributions of all segments of society.

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Journal Info

Abbrev

ecotal

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Economics and Digital Business Review, is published by STIE Amkop Makassar in 2020, with registered number ISSN : 2774-2563 (Online), is a peer-reviewed journal published Economics and Digital Business Review published two times a year (January & July) by STIE Amkop Makassar, It provides an academic ...