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- Title
Does Foreign Direct Investment Boost up Women Empowerment: A Panel Data Analysis of Developed and Developing Countries.
- Authors
Chopra, Chanchal
- Abstract
Women empowerment is a key factor for sustainable economic growth, social development and environmental sustainability. It is only by providing equal opportunities to women and men that a sustainable path of development can be achieved. This paper assesses the impact of Foreign Direct Investment on the Women Empowerment. Women Empowerment Index (W E I) has been constructed to measure women empowerment on the basis of scores provided by the World Bank. Using a panel data set for 163 countries: East Asia and Pacific – 22 Countries, Europe and Central Asia – 19 Countries, High Income OECD Countries -27 Countries, Latin America and Caribbean – 27 Countries, Middle East and North Africa -17 Countries, South Asia -8 Countries, Sub Saharan Africa - 43 Countries, for the period 2016 to 2018,the study focuses on key legal and regulatory areas which are directly controlled by policy makers. The fixed effect regression has been used to study the impact of Foreign Direct Investment on Women Empowerment. The data with respect to main explanatory variable Foreign Direct Investment Inflows has been collected from UNCTAD’s World Investment Report. The data in respect of other control variables: Openness of Trade, GDP Growth Rate, Government Expenditure as a percentage of GDP and Women Labour Force as a percentage of Total Labour Force have been collected from World Development Indicators. This paper shows that FDI inflows are positively associated with Women Empowerment. Thus, FDI inflows increase women’s welfare.
- Subjects
FOREIGN investments; WOMEN'S empowerment; PANEL analysis; DEVELOPING countries; HIGH-income countries
- Publication
Wealth: International Journal of Money, Banking & Finance, 2019, Vol 8, Issue 1, p83
- ISSN
2277-9388
- Publication type
Article