Women Labor Force Participation and Governance in Developing Economies: A Panel Analysis
The current study empirically investigates the relationship among female labor force participation and governance in developing nations, using panel data of 62 developing countries, from year 1996 to 2016. The two variables taken as dependent variables are women labor force participation and governance. Results of GMM estimation showed that there is positive association between women labor force participation and governance. Education, GDP per capita, and globalization has positive, while income inequality has negative impact on governance. Similarly, education, fertility rate and rural population has negative, and globalization has positive impact on female labor force participation. So, it is concluded that the importance of governance and women labor force participation cannot be refused in terms of growth enhancement, which will consequently improve the social and economic conditions of developing countries.