IDEAS home Printed from https://ideas.repec.org/a/ris/statec/0099.html
   My bibliography  Save this article

Economic Benefits of gender equality: comparing EU and BRICS countries

Author

Listed:
  • Diachkova, Anna V.

    (Ural Federal University named after the first President of Russia B.N. Yeltsin)

  • Kontoboitseva, Anna E.

    (Ural Federal University named after the first President of Russia B.N. Yeltsin)

Abstract

Introduction. In the modern economy the problems of scientific analysis shift the focus from the subject area of gender inequality to gender equality, and special significance is attached to assessing the impact of gender on the social welfare. At the same time, it is noted that developed and developing countries currently have differences in the quality and quantity of goals achieved to address the issue of gender equality. The aim of the article is to assess the economic benefits of gender equality for a group of countries in the European Union and BRICS. Materials and methods. Empirical analysis was based on the construction of regression econometric models that assess the impact on the welfare of the country (GDP) of gender equality in combination with basic macroeconomic factors. Fixed effects regression models have the best descriptive capacity for the EU and BRICS countries, which was verified by standard econometric tests. The information base of the study was made up of official statistics from the reports of the World Bank, the World Economic Forum, the International Monetary Fund, and the United Nations. Results and Discussion. As a result of the study, it was revealed that the level of gender equality has a positive effect on the economic development of both the EU countries and the BRICS; a comparison of the results of the constructed econometric models for groups of EU and BRICS countries showed that gender equality has a statistically significant impact on the economic development of countries in each group, and in the BRICS countries it is stronger, so with an increase in gender equality by one, GDP per capita increases by 3.4172 vs. 0.4647 in EU countries. The inclusion of key socio-economic indicators in the analysis made it possible to compare the obtained impact, and it was found that the degree of influence of the equality index is not lower than the degree of influence of basic economic indicators. That increases the importance of this problem both at the level of the country and international associations. The conclusions obtained based on the analysis of macro statistics confirmed the conclusions of the researchers based on microeconomic data.

Suggested Citation

  • Diachkova, Anna V. & Kontoboitseva, Anna E., 2022. "Economic Benefits of gender equality: comparing EU and BRICS countries," Economic Consultant, Roman I. Ostapenko, vol. 37(1), pages 4-15.
    • Handle: RePEc:ris:statec:0099
    as

    Download full text from publisher

    File URL: https://statecounsellor.files.wordpress.com/2022/03/220101.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Aniruddha Mitra & James T. Bang & Arnab Biswas, 2015. "Gender Equality and Economic Growth: Is it Equality of Opportunity or Equality of Outcomes?," Feminist Economics, Taylor & Francis Journals, vol. 21(1), pages 110-135, January.
    2. Manuel Santos Silva & Stephan Klasen, 2021. "Gender inequality as a barrier to economic growth: a review of the theoretical literature," Review of Economics of the Household, Springer, vol. 19(3), pages 581-614, September.
    3. Annalisa Frigo & Èric Roca Fernández, 2022. "Roots of gender equality: the persistent effect of beguinages on attitudes toward women," Journal of Economic Growth, Springer, vol. 27(1), pages 91-148, March.
    4. Rosangela Bando & Samuel Berlinski & José Martinez Carrasco, 2019. "Progress and Challenges for an Evidence-Based Gender Equality Policy: a Focus in Latin America and the Caribbean," Journal of Economics, Race, and Policy, Springer, vol. 2(4), pages 187-201, December.
    5. Paola Profeta, 2017. "Gender Equality in Decision-Making Positions: The Efficiency Gains," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 52(1), pages 34-37, January.
    6. Tatiana Damjanovic & Geethanjali Selvaretnam, 2020. "Economic Growth and Evolution of Gender Equality," Manchester School, University of Manchester, vol. 88(1), pages 1-36, January.
    7. Hupkau, Claudia & Ruiz-Valenzuela, Jenifer, 2022. "Work and children in Spain: challenges and opportunities for equality between men and women," LSE Research Online Documents on Economics 112541, London School of Economics and Political Science, LSE Library.
    8. -, 2017. "CEPAL Review no. 122," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    9. Åsa Gunnarsson & Ulrike Spangenberg, 2019. "Gender Equality and Taxation Policies in the EU," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 54(3), pages 141-146, May.
    10. Rosangela Bando, 2019. "Evidence-based gender equality policy and pay in Latin America and the Caribbean: progress and challenges," Latin American Economic Review, Springer;Centro de Investigaciòn y Docencia Económica (CIDE), vol. 28(1), pages 1-23, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. José-Ignacio Antón & Rafael Grande & Rafael Muñoz de Bustillo & Fernando Pinto, 2023. "Gender Gaps in Working Conditions," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 166(1), pages 53-83, February.
    2. Javier Olivera & Yadiraah Iparraguirre, 2022. "Gender gap in pension savings: Evidence from Peru’s individual capitalization system∗," Documentos de Trabajo / Working Papers 2022-513, Departamento de Economía - Pontificia Universidad Católica del Perú.
    3. Javier Olivera & Yadiraah Iparraguirre, 2022. "The Gender Gap in Pension Savings: Evidence from Peru's Individual Capitalization System," LISER Working Paper Series 2022-06, Luxembourg Institute of Socio-Economic Research (LISER).
    4. Marc Fleurbaey & Domenico Moramarco & Vito Peragine, "undated". "Measuring inequality and welfare when some inequalities matter more than others," Working Papers ecineq-, ECINEQ, Society for the Study of Economic Inequality.
    5. María del Pilar López Uribe & María Alejandra Chávez & María Paula Neira & Paulina Pastrana, 2021. "La Agenda Global de Género: un camino para el empoderamiento," Documentos CEDE 19150, Universidad de los Andes, Facultad de Economía, CEDE.
    6. Dana Alonzo & Marciana Popescu & Pinar Zubaroglu-Ioannides, 2022. "The current pandemic, a complex emergency? Mental health impact of the COVID-19 pandemic on highly vulnerable communities in Guatemala," International Journal of Social Psychiatry, , vol. 68(7), pages 1382-1393, November.
    7. Youssouf Merouani & Faustine Perrin, 2022. "Gender and the long-run development process. A survey of the literature [Rethinking age heaping: A cautionary tale from nineteenth-century Italy]," European Review of Economic History, European Historical Economics Society, vol. 26(4), pages 612-641.
    8. Ham Gonzalez, Andres & Ruiz, Juanita, 2024. "The Labor Market Effects of Drug-Related Violence in a Transit Country," IZA Discussion Papers 17126, Institute of Labor Economics (IZA).
    9. Myriam Ben Saâd & Giscard Assoumou-Ella, 2019. "Economic Complexity and Gender Inequality in Education: An Empirical Study," Economics Bulletin, AccessEcon, vol. 39(1), pages 321-334.
    10. Islam, Asif M. & Amin, Mohammad, 2023. "The gender labor productivity gap across informal firms," World Development, Elsevier, vol. 167(C).
    11. Galperin, Hernan & Arcidiacono, Malena, 2021. "Employment and the gender digital divide in Latin America: A decomposition analysis," Telecommunications Policy, Elsevier, vol. 45(7).
    12. Mathias Bühler & Leonhard Vollmer & Johannes Wimmer, 2024. "Female education and social change," Journal of Economic Growth, Springer, vol. 29(1), pages 79-119, March.
    13. Negar Bahadori, 2023. "Insights about the barriers to achieve gender equality in the decision-making roles and power positions," Working Papers 6/23, Sapienza University of Rome, DISS.
    14. Karin Astrid Siegmann & Hadia Majid, 2021. "Empowering Growth in Pakistan?," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 64(2), pages 309-331, June.
    15. Pomares Varo, Gema, 2023. "Breaking the marriage trap: unilateral divorce and its effects on labor supply of married women," UC3M Working papers. Economics 37157, Universidad Carlos III de Madrid. Departamento de Economía.
    16. Garrido, Nicolás & Aroca, Patricio, 2017. "Sectoral breakdown of total factor productivity in Chile, 1996-2010," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    17. Campos Vázquez, Raymundo Miguel & Rodas Milián, James Alexis, 2020. "El efecto faro del salario mínimo en la estructura salarial: evidencias para México," El Trimestre Económico, Fondo de Cultura Económica, vol. 87(345), pages 51-97, enero-mar.
    18. Danna-Buitrago, Jenny Paola & Stellian, Rémi, 2017. "Colombian agricultural product competitiveness under the free trade agreement with the United States: analysis of the comparative advantages," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    19. Ram, Harchand & Chakravorty, Swastika & Goli, Srinivas, 2022. "Does gender inequality affect economic development? An evidence based on analysis of cross-national panel data of 158 countries," SocArXiv 7svz4, Center for Open Science.
    20. Rosalia CASTELLANO & Antonella ROCCA, 2018. "Gender disparities in European labour markets: A comparison of conditions for men and women in paid employment," International Labour Review, International Labour Organization, vol. 157(4), pages 589-608, December.

    More about this item

    Keywords

    economic development of the BRICS countries; economic development of the EU countries; equality of men and women; gender equality; gender inequality; public welfare;
    All these keywords.

    JEL classification:

    • F69 - International Economics - - Economic Impacts of Globalization - - - Other
    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality
    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
    • J71 - Labor and Demographic Economics - - Labor Discrimination - - - Hiring and Firing

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:statec:0099. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Roman I. Ostapenko (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.