The Effect of Gender Unemployment on Economic Growth: A Panel Data Analysis

Abstract

Objective – Prior to the East ASEAN Growth Area (EAGA) in ASEAN, Brunei, Indonesia, Malaysia, and the Philippines (BIMP) took in an inflow of immigrants to support growth. The more they depended on foreign labour, the issue of gender inequality in the job sector became an issue that is hindering prosperity. Methodology/Technique – The research was aimed to identify the relation between unemployment rate from the gender perspective and economic growth of BIMP-EAGA by using two methods, namely Fully Modified Ordinary Least Square (FMOLS) and Dynamic Ordinary Least Square (DOLS). Annual time series data for the period of 1990 to 2018 was employed. Findings & Novelty – The result was contrary to Okun's law which says that there is a negative relation between the male unemployment rate and GDP. This study found that the female unemployment rate did not affect GDP and was insignificant. Policies that benefit and increase the participation of female workers in the job sector should be enhanced to prepare a conducive environment for the economy. Type of Paper: Empirical. JEL Classification: E24, J16. Keywords: Labour Force, Gender, Economic Growth, BIMP Reference to this paper should be made as follows: Taasim, S; Daud, A. 2020. The Effect of Gender Unemployment on Economic Growth: A Panel Data Analysis, J. Bus. Econ. Review, 5(3) 94–103 https://doi.org/10.35609/jber.2020.5.3(3)

Econometric Analysis of Macroeconomic to Age‐Specific Mortality Rate in Malaysia: Evidence from Panel Data

“…e main motivation for pursuing this research, taking Malaysia as a case study, is to take advantage of Malaysia's peculiarity in having a multiracial population to boost the economy in various industries. Besides that, Malaysia is also one of Southeast Asia's fastest developing countries, having been hit by a series of economic crises, including the 1985-1986 Oil Price Crisis, 1997-1998 Financial Crises, and 2009 World Economic Subprime Crisis [31]. Furthermore, Malaysia's recent COVID-19 pandemic outbreak had a severe influence not only on economic growth but also in terms of the maritime sector, demographics, psychology, education, and tourism [32][33][34][35].…”