The Role of Gender Inequality, Financial Development, and Inflation in Achieving Sustainable Development Goals
Abstract
Aim: This study examines the effects of gender inequality (GI), financial development (FD) and inflation (INF) on “Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all” as defined under Sustainable Development Goals (SDGs) Goal 8 (SDG8) in Turkey between 1990 and 2021.
Method: The effects of FD, INF, and GI on EG were analysed using Fourier Augmented ARDL (FA-ARDL) and Fourier Toda–Yamamoto (FTY) causality tests, utilising data from the period 1990–2021.
Findings: In the long run, FD has a positive effect on EG, while GI and INF have negative effects. Additionally, it was determined that the FD, GI, and INF series are Granger cause of EG.
Conclusion: The FD, INF, and GI variables stand out as important determinants in achieving SDG8.
Keywords
References
- ADUSEI, M. (2019). The finance–growth nexus: Does risk premium matter?. International Journal of Finance & Economics, 24(1), 588-603. https://doi.org/10.1002/ijfe.1681
- AGU, C. V., & AGUEGBOH, E. S. (2021). Inequality and economic development: a test of the feminization hypothesis in selected African countries. Gender, Technology and Development, 25(3), 331-353. https://doi.org/10.1080/09718524.2021.1976370
- AHMAD, T. (2022). A case of Pakistan investigating the relationship between inflation and economic growth: a case of Pakistan. Acta Pedagogia Asiana, 1(1), 1-8. https://doi.org/10.53623/apga.v1i1.64
- AKINWANDE, T. S., TURUC, F., SERAJ, M., & OZDESER, H. (2025). The link between gender inequality, financial development, and economic growth in Nigeria: A spectral Granger causality approach. Sustainable Development, 33(2), 2429-2439. https://doi.org/10.1002/sd.3252
- ALGHAMDI, S. M., ALBALAWI, O., BADR, M. M., ALMARZOUKI, S. M., SEMARY, H. E., & ELSHAFEI, A. S. M. A. (2024). Comparison study in inflation and economic development between Egypt and Saudi Arabia: Using data analysis. Alexandria engineering journal, 108, 976-983. https://doi.org/10.1016/j.aej.2024.09.064
- ALKAN, C. (2015). Sustainable Tourism: An Application for Alaçatı Destination. E-Journal of Yaşar University, 10(40), 6692-6710. https://doi.org/10.19168/jyu.36395
- ALWAGO, W. O. (2023). A partial least squares analysis of gender inequality, occupational segregation, and economic growth: Evidence from Sub‐Saharan Africa. Regional Science Policy & Practice, 15(6), 1299-1317. https://doi.org/10.1111/rsp3.12677
- APPIAH‐OTOO, I., & SONG, N. (2022). Finance‐growth nexus: New insight from Ghana. International Journal of Finance & Economics, 27(3), 2682-2723.
Details
Primary Language
English
Subjects
Sustainable Development
Journal Section
Research Article
Authors
Rahman Aydın
*
0000-0003-0440-7468
Türkiye
Early Pub Date
March 31, 2026
Publication Date
May 1, 2026
Submission Date
June 14, 2025
Acceptance Date
March 25, 2026
Published in Issue
Year 2026 Volume: 12 Number: 4