IDEAS home Printed from https://ideas.repec.org/p/arx/papers/2401.11585.html
   My bibliography  Save this paper

Analyzing the Impact of Financial Inclusion on Economic Growth in Bangladesh

Author

Listed:
  • Ganapati Kumar Biswas

Abstract

Financial inclusion is touted one of the principal drivers for economic growth for an economy. The study aims to explore the impact of financial inclusion on economic growth in Bangladesh. In my study, I used the number of loan accounts as the proxy for financial inclusion. Using time series data from spans from 2004-2021, the study revealed that there exists a long-run relationship between GDP, financial inclusion, and other macroeconomic variables in Bangladesh. The study also found that financial inclusion had a positive impact on economic growth of Bangladesh during the study period. Therefore, the policymakers and the central bank of Bangladesh as the apex authority of financial system should promote financial inclusion activities to achieve sustainable economic growth.

Suggested Citation

  • Ganapati Kumar Biswas, 2024. "Analyzing the Impact of Financial Inclusion on Economic Growth in Bangladesh," Papers 2401.11585, arXiv.org.
    • Handle: RePEc:arx:papers:2401.11585
    as

    Download full text from publisher

    File URL: http://arxiv.org/pdf/2401.11585
    File Function: Latest version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Loan Thi-Hong Van & Anh The Vo & Nhan Thien Nguyen & Duc Hong Vo, 2021. "Financial Inclusion and Economic GROWTH: An International Evidence," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 57(1), pages 239-263, January.
    2. Ahmad, Ahmad Hassan & Green, Christopher J. & Jiang, Fei & Murinde, Victor, 2023. "Mobile money, ICT, financial inclusion and growth: How different is Africa?," Economic Modelling, Elsevier, vol. 121(C).
    3. ATM Omor Faruq, 2023. "The Determinants of Foreign Direct Investment (FDI) A Panel Data Analysis for the Emerging Asian Economies," Papers 2307.07037, arXiv.org.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Abdul Karim, Zulkefly & Nizam, Rosmah & Law, Siong Hook & Hassan, M. Kabir, 2022. "Does Financial Inclusiveness Affect Economic Growth? New Evidence Using a Dynamic Panel Threshold Regression," Finance Research Letters, Elsevier, vol. 46(PA).
    2. Adella Siti Nursaliyawati & Siskarossa Ika Oktora, 2022. "Simultaneous Relationship between Financial Inclusion, Economic Growth, and Income Inequality in Sulawesi Island, 2011–2019," Economics and Finance in Indonesia, Faculty of Economics and Business, University of Indonesia, vol. 68, pages 132-148, Desember.
    3. Singh, Bhanu Pratap & Kumari, Annu & Sharma, Tanya & Malhotra, Abhishek, 2020. "Does PMJDY Scheme Augmented Financial Inclusion in India? Evidence from Indian States," MPRA Paper 104442, University Library of Munich, Germany.
    4. Zhang, Xiaoyan & Li, Jinbao & Xiang, Dong & Worthington, Andrew C., 2023. "Digitalization, financial inclusion, and small and medium-sized enterprise financing: Evidence from China," Economic Modelling, Elsevier, vol. 126(C).
    5. Muntasir Murshed & Uzma Khan & Aarif Mohammad Khan & Ilhan Ozturk, 2023. "Can energy productivity gains harness the carbon dioxide‐inhibiting agenda of the Next 11 countries? Implications for achieving sustainable development," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(1), pages 307-320, February.
    6. Abdul Karim Kamara, 2024. "The Impact of Financial Inclusion on Economic Growth and Poverty Reduction: Empirical Evidence from sub-Saharan Africa," International Journal of Science and Business, IJSAB International, vol. 32(1), pages 16-33.
    7. Inès Gharbi & Aïda Kammoun, 2023. "Developing a Multidimensional Financial Inclusion Index: A Comparison Based on Income Groups," JRFM, MDPI, vol. 16(6), pages 1-19, June.
    8. Sergio Luis Náñez Alonso & Javier Jorge-Vazquez & Miguel Ángel Echarte Fernández & Konrad Kolegowicz & Wojciech Szymla, 2022. "Financial Exclusion in Rural and Urban Contexts in Poland: A Threat to Achieving SDG Eight?," Land, MDPI, vol. 11(4), pages 1-21, April.
    9. Anu, & Singh, Amit Kumar & Raza, Syed Ali & Nakonieczny, Joanna & Shahzad, Umer, 2023. "Role of financial inclusion, green innovation, and energy efficiency for environmental performance? Evidence from developed and emerging economies in the lens of sustainable development," Structural Change and Economic Dynamics, Elsevier, vol. 64(C), pages 213-224.
    10. Chrysost BANGAKE & Jude EGGOH, 2020. "Les transferts des migrants améliorent-ils l’inclusion financière dans les pays récipiendaires ?," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 51, pages 115-132.
    11. Tii N. Nchofoung & Simplice A. Asongu & Vanessa S. Tchamyou, 2022. "Gender political inclusion and inclusive finance in Africa," Working Papers 22/063, European Xtramile Centre of African Studies (EXCAS).
    12. Yusef Ali Yusef Yakubi & Basuki Basuki & Rudi Purwono & Indrianawati Usman, 2022. "The Impact of Digital Technology and Business Regulations on Financial Inclusion and Socio-Economic Development in Low-Income Countries," SAGE Open, , vol. 12(3), pages 21582440221, August.
    13. Sabyasachi Tripathi & Meenakshi Rajeev, 2023. "Gender-Inclusive Development through Fintech: Studying Gender-Based Digital Financial Inclusion in a Cross-Country Setting," Sustainability, MDPI, vol. 15(13), pages 1-34, June.
    14. Gerth, Florian, 2023. "Nexus between Financial Inclusion and Economic Activity: A Study about Traditional and Non-Traditional Financial Service Indicators Determining Financial Outreach," MPRA Paper 119265, University Library of Munich, Germany.
    15. Bhanu Pratap Singh & Anup Kumar Yadava, 2022. "Technical efficiency of financial inclusion and human development: Insights from the Indian states," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 51(2), July.
    16. Alina Georgiana Manta & Gabriela Badareu & Inocentiu Alexandru Florea & Anamaria Liliana Staicu & Cătălin Valentin Mihai Lepădat, 2023. "How Much Financial Development Accentuates Income Inequality in Central and Eastern European Countries?," Sustainability, MDPI, vol. 15(18), pages 1-18, September.
    17. Menyelim M. Chima & Abiola Ayopo Babajide & Alex Adegboye & Segun Kehinde & Oluwatobi Fasheyitan, 2021. "The Relevance of Financial Inclusion on Sustainable Economic Growth in Sub-Saharan African Nations," Sustainability, MDPI, vol. 13(10), pages 1-20, May.
    18. Dong, Jiajia & Dou, Yue & Jiang, Qingzhe & Zhao, Jun, 2022. "Can financial inclusion facilitate carbon neutrality in China? The role of energy efficiency," Energy, Elsevier, vol. 251(C).
    19. Nasir Khan & Mahwish Zafar & Abiodun Funso Okunlola & Zeman Zoltan & Magda Robert, 2022. "Effects of Financial Inclusion on Economic Growth, Poverty, Sustainability, and Financial Efficiency: Evidence from the G20 Countries," Sustainability, MDPI, vol. 14(19), pages 1-19, October.
    20. Désiré Avom & Chrysost Bangaké & Hermann Ndoya, 2021. "Measuring financial inclusion in African countries," Economics Bulletin, AccessEcon, vol. 41(3), pages 848-866.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arx:papers:2401.11585. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: arXiv administrators (email available below). General contact details of provider: http://arxiv.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.