The Empirical Relationship Between Gender Inequality and GDP Growth: the Case of Asian Countries
Abstract
This research paper investigates the empirical relationship between gender inequality and GDP growth in the case of 47 Asian countries.Against the backdrop of persistent gender disparities in economic participation, our study aims to unveil how gender inequality can impact overall economic development.By examining the historical context and prevailing gender norms in these economies, we seek to elevate how obstacles to women's economic empowerment are revealed through sectors and contribute to suboptimal GDP growth.The paper includes a comprehensive analysis, incorporating data on workforce participation, income inequality, educational opportunities, and the overall gender gap index to illuminate the multifactorial dimensions of gender inequality.The results show that countries have a strong correlation above 0,1 in both positive and negative directions, with all five variables showing the influence of gender equality on the economy.Understanding these dynamics is crucial for policymakers, as it not only sheds light on the ethical imperative of gender equality but also underscores the economic imperative of harnessing the full potential of all citizens for sustained GDP growth in the Asian region and could be beneficial for the analysis in other parts of the world.