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Investigating the Macroeconomic Factors That Determine a Female Worker to Participate in the Labor Force: Evidence from the South Asian Countries

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  • A.H.M. Shahid Shami

    (Assistant Professor, Department of Economics, Jahangirnagar University, Bangladesh.)

  • Tania Islam

    (Assistant Professor, Department of Economics, Bangabandhu Sheikh Mujibur Rahman Science and Technology University, Bangladesh.)

  • Istihak Rayhan

    (Lecturer, Department of Economics, Bangabandhu Sheikh Mujibur Rahman Science and Technology University, Bangladesh.)

Abstract

Over the last four decades women work force participation rate increases significantly within the South Asian countries, while it remains stagnant or sometime declines into the developed countries. The study is for investigating the macroeconomic determinants that play the vital role in making the decision of whether a female will participate in the labor force or not. We take data of five south Asian countries named India, Nepal, Pakistan, Bangladesh and Sri Lanka. Data are taken for the range of 1990-2015. We perform some Lagrange Multiplier tests to mark out the cross-section effects, Hausman tests to select the appropriate model. We also check the cross-sectional dependence and estimate Panel Corrected Standard Error (PCSE) model to get unbiased coefficients of the estimators. Estimated results confirm that GNI per capita, square of per capita GNI, Education and Fertility rate are significant macroeconomic factors which have strong influence on the labor force participation decision of a female. Estimatedresults also confirms the validity of Kuznets curve in the labor force participation decision of a female. This findings will help the policymakers to take the right policy about labor market and enhance social welfare.

Suggested Citation

  • A.H.M. Shahid Shami & Tania Islam & Istihak Rayhan, 2019. "Investigating the Macroeconomic Factors That Determine a Female Worker to Participate in the Labor Force: Evidence from the South Asian Countries," Journal of Business, LAR Center Press, vol. 4(2), pages 12-18, February.
    • Handle: RePEc:lrc:larjob:v:4:y:2019:i:2:p:12-18
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    References listed on IDEAS

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    4. Francine D. Blau & Adam J. Grossberg, 1989. "Wage and Employment Uncertainty and the Labor Force Participation Decisions of Married Women," NBER Working Papers 3081, National Bureau of Economic Research, Inc.
    5. M. Hashem Pesaran, 2021. "General diagnostic tests for cross-sectional dependence in panels," Empirical Economics, Springer, vol. 60(1), pages 13-50, January.
    6. Tsani, Stella & Paroussos, Leonidas & Fragiadakis, Costas & Charalambidis, Ioannis & Capros, Pantelis, 2013. "Female labour force participation and economic growth in the South Mediterranean countries," Economics Letters, Elsevier, vol. 120(2), pages 323-328.
    7. Vinod Mishra & Ingrid Nielsen & Russell Smyth, 2010. "On the relationship between female labour force participation and fertility in G7 countries: evidence from panel cointegration and Granger causality," Empirical Economics, Springer, vol. 38(2), pages 361-372, April.
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    Cited by:

    1. Khaleda Akter & Zerin Tasnime & S.M. Nasir Uddin, 2020. "Role of Globalization and Financial Development on the Population’s Health Status in the South Asian Countries: A Panel Quantile Regression Investigation," International Journal of Science and Business, IJSAB International, vol. 4(11), pages 82-92.
    2. Iregui-Bohórquez, Ana María & Melo-Becerra, Ligia Alba & Ramírez-Giraldo, María Teresa & Tribín-Uribe, Ana María & Zárate-Solano, Héctor M., 2024. "Unraveling the factors behind women’s empowerment in the labor market in Colombia," World Development, Elsevier, vol. 183(C).

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