Economic Freedom of Women and Its Impact on Economic Growth

The objective of this research paper is to study the determinants of economic freedom of women and their impact on economic growth of Pakistan. A time series data is taken for the period of 1974-2014. The data was collected from World Bank Meta data of Pakistan, Economic survey of Pakistan and State Bank of Pakistan. Gross domestic product is taken as dependent variable while adult literacy rate of female, female employment in industrial sector, female employment in agriculture sector, fertility rate, unemployment ratio of female and labor force ratio of female are taken as independent variables. Auto Regressive Distributed Lag model was used to draw the results. The results show that female employment in industrial and Agriculture sector, unemployment ratio of female, adult literacy rate of female and labor force ratio of female have significant relation with the gross domestic product in the long run period. We suggest that government takes steps to increase the level of education and also promote the women empowerment in country.