Gender Inequality, Institutional Quality, and Economic Outcomes in the European Union

27 Pages Posted: 22 Apr 2024

See all articles by Hyun-Jung Nam

Hyun-Jung Nam

Pusan National University

Doojin Ryu

Sungkyunkwan University

Peter G. Szilagyi

EDHEC Business School

Date Written: April 20, 2024

Abstract

Our model, analyzing multi-decade data from the European Union, suggests that gender inequality acts as a mediator between institutional quality and economic outcomes. Empirical results indicate that institutional quality significantly influences these outcomes, with positive associations observed with trade and GDP, and negative associations with innovation. Institutional quality positively (negatively) impacts workforce (educational) inequality. Institutions prioritize reducing workforce inequality to boost trade and GDP, but struggle to address educational inequality, which does not similarly contribute to economic growth. While workforce inequality has a negligible impact on innovation, educational inequality significantly impedes it.

Keywords: European Union; Gender inequality; Gross domestic product; Innovation; Institutional quality

JEL Classification: F18, G15, G18, O33, I24

Suggested Citation

Nam, Hyun-Jung and Ryu, Doojin and Szilagyi, Peter G., Gender Inequality, Institutional Quality, and Economic Outcomes in the European Union (April 20, 2024). Available at SSRN: https://ssrn.com/abstract=4801421 or http://dx.doi.org/10.2139/ssrn.4801421

Hyun-Jung Nam

Pusan National University ( email )

mulgeumup beomyeli
Pusan 609-735, 50612
Korea, Republic of (South Korea)

Doojin Ryu (Contact Author)

Sungkyunkwan University ( email )

25-2, Sungkyunkwan-ro, Jongno-gu,
Seoul, 03063
Korea, Republic of (South Korea)

Peter G. Szilagyi

EDHEC Business School ( email )

24 Av. Gustave Delory
Roubaix, 59057
France

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