1. bookVolume 67 (2022): Issue 1 (April 2022)
Journal Details
License
Format
Journal
eISSN
2065-9644
First Published
06 Mar 2016
Publication timeframe
3 times per year
Languages
English
access type Open Access

Does Female Education Generate Economic Growth? An Empirical Analysis of Western Balkan Countries

Published Online: 14 May 2022
Volume & Issue: Volume 67 (2022) - Issue 1 (April 2022)
Page range: 1 - 10
Journal Details
License
Format
Journal
eISSN
2065-9644
First Published
06 Mar 2016
Publication timeframe
3 times per year
Languages
English
Abstract

This paper investigates the relationship between female education and economic growth in Western Balkan countries during the period 2000-2019. The motive behind choosing Western Balkan countries was because there is insufficient research that has been made in this field of study; hence, this research assists to expand the issue of this topic. By using GDP as dependent variable, the paper addresses the question whether female education generates or not economic growth. The techniques applied for this study are OLS, fixed and random effects, and Hausman-Taylor model IVs. The findings show a positive relationship between GDP per capita, female labor participation, school enrollment primary, and literacy rate. On the other hand, there exists a negative relationship with fertility rate, while the school enrollment tertiary is statistically insignificant. This paper brings evidence that female education generates more economic growth in Western Balkan countries. Therefore, the Government of the Western Balkans should take into consideration to invest more on education of the woman in those countries. These in turn will lead to higher economic growth.

Keywords

JEL Classification

Atoyan R., Jesmin R. (2017) Western Balkans: Increasing Women’s Role in the Economy, Working Paper, International Monetary Fund.10.2139/ssrn.3124396 Search in Google Scholar

Barro R. (2013) Health and Economic Growth, Annals of Economics and Finance, Society for AEF, vol. 14(2), 329-366. Search in Google Scholar

Browne E. (2017) Gender norms in the Western Balkans, K4D Helpdesk Report. Brighton, UK: Institute of Development Studies. Search in Google Scholar

El Alaoui, A. (2015) Impact of women’s education on the economic growth: An empirical analysis applied to Morocco, Algeria, Tunisia, and Egypt, Munich Personal RePEc Archive.10.24289/ijsser.279039 Search in Google Scholar

Erić O. (2018) Education and Economic Growth of the Western Balkans Countries, ECONOMICS, vol. 6(2), 27-35. Search in Google Scholar

Forbes K. (2000) A Reassessment of the Relationship between Inequality and Growth, American Economic Review, vol. 90 (4), 869-887. Search in Google Scholar

Hassan S., Nazish R. (2017) The Role of Female Education in Economic Growth of Pakistan: A Time Series Analysis from 1990-2016, International Journal of Innovation and Economic Development, Inovatus Services Ltd., vol. 3(5), 83-93. Search in Google Scholar

Heath R., Seema J. (2018) The Causes and Consequences of Increased Female Education and Labor Force Participation in Developing Countries, The Oxford Handbook of Women and the Economy.10.1093/oxfordhb/9780190628963.013.10 Search in Google Scholar

Hong G., Soyoung K., Geunhwan P., Seung-Gyu S. (2019) Female Education Externality and Inclusive Growth, MDPI.10.3390/su11123344 Search in Google Scholar

Kaur N.G., Jelena L. (2013) Female Education and Economic Growth: theoretical overview and two country cases, GUPEA. Search in Google Scholar

Khan M. (2016) Contribution of female human capital in economic growth: an empirical analysis of Pakistan (1972–2012), Quality & Quantity: International Journal of Methodology, Springer, vol. 50(2), 709-728. Search in Google Scholar

Kim J. (2016) Female education and its impact on fertility, IZA World of Labor.10.15185/izawol.228 Search in Google Scholar

Knowles S., Dorian O., Paula K.L. (2002) Are Educational Gender Gaps A Brake on Economic Development? Some Cross-Country Empirical Evidence, Oxford Economic Papers, vol. 54(1), 118-149. Search in Google Scholar

Lazarević M., Katarina T. (2018) Gender Issues in the Western Balkans, Civil Society Forum of the Western Balkan Summit Series. Search in Google Scholar

Lilyanova V. (2018) Women in the Western Balkans. Gender equality in the EU accession process, EPRS | European Parliamentary Research Service. Search in Google Scholar

Oztunca H., Zar C.O., Zehra V.S. (2015) Effects of Female Education on Economic Growth: A Cross Country Empirical Study, Educational Sciences: Theory & Practice, vol.15(2), 349-357. Search in Google Scholar

Sehrawat M., Arun K.G. (2017) Does female human capital contribute to economic growth in India? An empirical investigation, International Journal of Social Economics, vol. 44(1), 1506-1521. Search in Google Scholar

Sheehan A., Elaine B., Maria L. (2017) Changing role of women in the Irish society: an overview of the female consumer, The Irish Journal of Management, vol. 36(3), 162-171. Search in Google Scholar

Tansel A., Nil D.G. (2016) Gender Effects of Education on Economic Development in Turkey: The Role of Socio-demographics, Entrepreneurship and Public Policies, Women, Work and Welfare in the Middle East and North Africa, 57-86.10.1142/9781783267347_0003 Search in Google Scholar

Western Balkans (2019) Report. World Bank Group and The Viena Institute for International Economic Studies. Search in Google Scholar

Yenilmez M.I. (2011) The Role of Female Education in Economic Development: A Case For Turkey, Selçuk Üniversitesi Sosyal Bilimler Enstitüsü Dergisi 26 / 2011, 227-238. Search in Google Scholar

Recommended articles from Trend MD

Plan your remote conference with Sciendo