The impact of women’s labor resources on economic growth in Uzbekistan

¹ Tashkent Institute of Finance, Tashkent, 100000, Uzbekistan
² Westminster International University in Tashkent, Tashkent, 100000, Uzbekistan

^* Corresponding author: nodirkhidirov0123@gmail.com

Abstract

One of the main economic and social wealth of Uzbekistan is its people. Although policymaker pay the special attention at the gender equality in almost every aspect of our lives, we still have gender bias in our labor market. The current study empirically investigated the relationship between female labor force participation and economic prosperity of the country. The paper implemented Granger casualty test to define which variable causes to change another variable amongst the gathered secondary data, after it employed Last Squares method to define the long term relationship amongst variables such as GDP, female labor force participation rates (FLFPR), fertility rates, female unemployment rates, female higher educational attainment and women in business and law index. The study showed that GDP influences the tribulations in rates of female labor force participation, and not on the contrary. Meanwhile, OLS regression gave a negative output of the correlations amongst GDP, Female Unemployment Rate, and Female in Business and Law Index regarding to the FLFPR. The significance of Women in Business and Law index is insignificant. In contrast the long term positive relationship is defined among fertility rate and higher education attainment with FLFPR. But in case of fertility rates the variable is insignificant.