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Saudi Journal of Economics and Finance (SJEF)
Volume-7 | Issue-04 | 267-278
Review Article
The Impact of Women’s Empowerment and its Contribution on Indonesia’s Economic Growth
Alvina Zahra Wicaksana, Farida Rahmawati
Published : May 3, 2023
DOI : 10.36348/sjef.2023.v07i04.007
Abstract
This study examined the impact of women's empowerment on Indonesia's economic growth, women's empowerment programs, and the forms of women's contributions to foster economic growth. The data used were the number of women’s representation in parliament, women as professionals, women’s expenditure, women's life expectancy, the percentage of women's population, and the growth rate of gross regional domestic product (GRDP) in 34 provinces of Indonesia from 2017-2021. This study combined quantitative and qualitative methods. The panel data regression and fixed effect model used in the data analysis model demonstrated that the findings of life expectancy have a negative and significant impact on GRDP in 34 provinces of Indonesia. The percentage of women’s population has a negative and significant impact on the GRDP in 34 provinces of Indonesia. Women play a significant role in advancing the economy that the government remains committed to enhancing women's knowledge, skills and self-confidence through women's empowerment programs. It is envisaged that the women's empowerment program will produce excellent and high-quality human resources, which will help Indonesia's economy grow and develop.
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