The role of gender equality in an equality-led sustainable development strategy

Policy Study

The aim of this paper is to outline the cornerstones of a macroeconomic model to analyse the various channels through which gender equality can influence growth and employment outcomes. The paper first introduces the basic Post-Keynesian/neo-Kaleckian demand-led growth model, and contrasts this with the mainstream neoclassical growth model.

Then we present the main features of an extended model that incorporates gender relevant categories in the behavioural functions that determine private aggregate demand (consumption, investment), and the role of the government in a model with endogenous changes in productivity and employment.  The paper concludes by a discussion of the policy implications.