Muslim Business and Economic Review
Vol. 2 No. 2 (2023)

Low Equality for Women, Slower Economic Growth for All? Evidence from D-8 Countries

Samuda, Sri Juli Asdiyanti (Unknown)



Article Info

Publish Date
28 Dec 2023

Abstract

Gender equality promotes economic improvement and reduces income inequality. Considering the goal of all countries to achieve faster and stronger economic growth, improving gender equality may represent a promising solution. This paper examines the link between gender equality and economic growth in the ‘Developing Eight’ (D-8) countries from 1998 to 2021. This study provides estimation using a system GMM and panel causality test to determine the effect of gender equality on economic growth. The results indicate a positive and significant effect of gender equality on economic output in D-8 countries. Heterogenous panel non-causality findings suggest that gender equality and economic output have a bidirectional relationship in D-8 countries, indicating that economic output also affects gender equality.

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Journal Info

Abbrev

mber

Publisher

Subject

Economics, Econometrics & Finance

Description

Focus: the journal welcomes strong empirical studies and results-focused case studies that share research in current progress of Islamic Economics, Banking, Finance, and sustainable development. Scope: 1) Islamic economics, Digital economy, Political economy; 2) Trends and opportunities in Islamic ...