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Factors Shaping Women’S Saving Behaviour For Economic Advancement In Emerging Nations: A Study In Bangladesh

Author

Listed:
  • Md. Anamul Haque
  • Md. Monzur Hossain
  • Sabrina Sharmin Nishat

Abstract

This study investigates the factors influencing women’s saving behaviour for economic advancement in developing countries. A total of 418 individuals aged 18 to over 50 years old from various demographic backgrounds in Bangladesh were included in the study. The data was processed and analysed with structural equation modelling using Smart PLS (version 4.1.0.3). This study concluded that financial inclusion, technology, and digital inclusion have a notable positive influence on the economic empowerment of women and, consequently, women’s economic empowerment leads to the economic advancement of the nation. The study highlighted how the factors influencing women’s saving habits are connected to the economic freedom of women and the reciprocal effect that is generated on the nation’s economic development by dint of better decisionmaking, diverse investment options, resource allocation, and agency formation by women in general. Consequently, it is crucial to have strategies that focus on improving these factors and enforcing actions that promote gender equality and economic independence for women to unleash their potential as catalysts of sustainable economic development in developing countries.

Suggested Citation

  • Md. Anamul Haque & Md. Monzur Hossain & Sabrina Sharmin Nishat, 2025. "Factors Shaping Women’S Saving Behaviour For Economic Advancement In Emerging Nations: A Study In Bangladesh," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 70(247), pages 117-152, October –.
    • Handle: RePEc:beo:journl:v:70:y:2025:i:247:p:117-152
    as

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    References listed on IDEAS

    as
    1. Aziz, Abdul & Naima, Umma, 2021. "Rethinking Digital Financial Inclusion: Evidence from Bangladesh," SocArXiv 7sr5c, Center for Open Science.
    2. Rink, Ute & Walle, Yabibal M. & Klasen, Stephan, 2021. "The financial literacy gender gap and the role of culture," The Quarterly Review of Economics and Finance, Elsevier, vol. 80(C), pages 117-134.
    3. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    4. repec:osf:socarx:7sr5c_v1 is not listed on IDEAS
    5. Priyanka Roy & Binoti Patro, 2022. "Financial Inclusion of Women and Gender Gap in Access to Finance: A Systematic Literature Review," Vision, , vol. 26(3), pages 282-299, September.
    6. Aziz, Abdul & Naima, Umma, 2021. "Rethinking digital financial inclusion: Evidence from Bangladesh," Technology in Society, Elsevier, vol. 64(C).
    7. George Okello Candiya Bongomin & John C. Munene & Joseph Mpeera Ntayi & Charles Akol Malinga, 2018. "Exploring the mediating role of social capital in the relationship between financial intermediation and financial inclusion in rural Uganda," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 45(5), pages 829-847, May.
    Full references (including those not matched with items on IDEAS)

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    Keywords

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    JEL classification:

    • D1 - Microeconomics - - Household Behavior
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • N2 - Economic History - - Financial Markets and Institutions

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