Globalization and female economic participation in MINT and BRICS countries

Tolulope Temilola Osinubi · Simplice Anutechia Asongu

32 citations0/0 files storedJournal of Economic Studies

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Gender, Labor, and Family Dynamics Globalization, Economics, and Policies Economic Growth and Development

Abstract

Purpose This study examines the effect of globalization on female economic participation (FEP) in MINT (Mexico, Indonesia, Nigeria and Turkey) and BRICS (Brazil, Russia, India, China and South Africa) countries between 2004 and 2018. Design/methodology/approach Four measures of globalization are employed and sourced from KOF globalization index, 2018, while the female labour force participation rate is a proxy for FEP. The empirical evidence is based on the Pooled Mean Group (PMG) estimator. Findings The findings of the PMG estimator from the Panel ARDL method reveal that political and overall globalization in MINT and BRICS countries have a positive impact on FEP, whereas social globalization exerts a negative impact on FEP in the long-run. It is observed that economic globalization has no long-run effect on FEP. Contrarily, all the measures of globalization reflect no short-run effect on FEP. This supports the argument that globalization has no immediate effect on FEP. Thus, it is recommended that both MINT and BRICS countries should find a way of improving the process of globalization generally to empower women to be involved in economic activities. Originality/value This study complements the extant literature by focusing on how globalization dynamics influence FEP in the MINT and BRICS countries.

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References

1999Pooled Mean Group Estimation of Dynamic Heterogeneous Panels 1995Estimating long-run relationships from dynamic heterogeneous panels 2004Institutions Rule: The Primacy of Institutions Over Geography and Integration in Economic Development 2012Are the Economy and the Environment Decoupling? A Comparative International Study, 1960–2005 2009Globalization and the Gender Wage Gap 2018Mobile Money and Financial Inclusion in Sub-Saharan Africa: the Moderating Role of Social Networks 2018Revisiting the finance-inequality nexus in a panel of African countries 2018Determinants of foreign direct investment in fast-growing economies: evidence from the BRICS and MINT countries

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2023Economic sectors and globalization channels to gender economic inclusion in sub-Saharan Africa 2023Pollution, governance, and women's work: Examining African female labour force participation in the face of environmental pollution and governance quality puzzles 2023The African Continental Free Trade Area and Financial Development for Female Labour Force Participation in Africa

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