IDEAS home Printed from https://ideas.repec.org/a/gam/jfinte/v2y2023i3p35-656d1236414.html

Prospective Areas of Digital Economy in the Context of ICT Usages: An Empirical Study in Bangladesh

Author

Listed:
  • Mohammad Rakibul Islam Bhuiyan

    (Department of Management Information Systems (MIS), Begum Rokeya University, Rangpur 5404, Bangladesh)

  • K. M. Salah Uddin

    (Department of Management Information Systems (MIS), University of Dhaka, Dhaka 1000, Bangladesh)

  • Md Noor Uddin Milon

    (National Board of Revenue, Dhaka 1000, Bangladesh)

Abstract

The objective of this study is to assess the current and future potential of the digital economy in Bangladesh, with the goal of fostering national development and prosperity by the year 2041. Concurrently, this study examines the various aspects of the digital economy through the lens of the Fourth Industrial Revolution and emerging technologies, specifically focusing on the utilization of information and communication technology (ICT) in Bangladesh. The methodology section employs a qualitative approach to ascertain the research objectives, utilizing secondary data. The purpose of this study is to provide an overview of the contemporary status of the digital economy, focusing on emerging trends that have a significant impact on the national gross domestic product (GDP). Companies and individuals possess an understanding of the digital economy, which has the potential to mitigate the digital divide and establish a robust connection between technology and the economy. The research contributes to a more thorough understanding that Bangladesh is ranked 40th out of 193 nations at present; with the advancement of the digital economy, it will move up to 24th place in 2034. Future research can perhaps be expanded by adopting a qualitative methodology to explore the concept of a smart Bangladesh.

Suggested Citation

  • Mohammad Rakibul Islam Bhuiyan & K. M. Salah Uddin & Md Noor Uddin Milon, 2023. "Prospective Areas of Digital Economy in the Context of ICT Usages: An Empirical Study in Bangladesh," FinTech, MDPI, vol. 2(3), pages 1-16, September.
    • Handle: RePEc:gam:jfinte:v:2:y:2023:i:3:p:35-656:d:1236414
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2674-1032/2/3/35/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2674-1032/2/3/35/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Muhammad Azizuddin & Ahm Shamsuzzoha & Sujan Piya, 2021. "Influence of Circular Economy Phenomenon to Fulfil Global Sustainable Development Goal: Perspective from Bangladesh," Sustainability, MDPI, vol. 13(20), pages 1-16, October.
    2. Ms. Ratna Sahay & Mr. Ulric Eriksson von Allmen & Ms. Amina Lahreche & Purva Khera & Ms. Sumiko Ogawa & Majid Bazarbash & Ms. Kimberly Beaton, 2020. "The Promise of Fintech: Financial Inclusion in the Post COVID-19 Era," IMF Departmental Papers / Policy Papers 2020/009, International Monetary Fund.
    3. Tao Zhu & Xinyu Sun, 2023. "Enterprise Financialization and Technological Innovation: An Empirical Study Based on A-Share Listed Companies Quoted on Shanghai and Shenzhen Stock Exchange," FinTech, MDPI, vol. 2(2), pages 1-19, April.
    4. Godfred Anakpo & Zizipho Xhate & Syden Mishi, 2023. "The Policies, Practices, and Challenges of Digital Financial Inclusion for Sustainable Development: The Case of the Developing Economy," FinTech, MDPI, vol. 2(2), pages 1-17, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mohammad Rakibul Islam Bhuiyan & Most. Sadia Akter & Al- Amin & Rashed Hossain, 2025. "The Mediating Effect of Innovation Capabilities, Information Quality and Supply Chain Resilience in the Relationship Between Big Data Analytics Capability (BDAC) and Healthcare Performance," SAGE Open, , vol. 15(3), pages 21582440251, August.
    2. Kong, Xinmin & Zhang, Jie, 2026. "Digital government governance, financial technology, and regional digital economy development: A quasi-natural experiment based on big data management agency reform," Finance Research Letters, Elsevier, vol. 89(C).
    3. repec:zib:zbmbmj:v:4:y:2025:i:1:p:33-43 is not listed 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. Aurel Burciu & Rozalia Kicsi & Simona Buta & Mihaela State & Iulia Burlac & Denisa Alexandra Chifan & Beatrice Ipsalat, 2023. "The Study of the Relationship among GCI, GII, Disruptive Technology, and Social Innovations in MNCs: How Do We Evaluate Financial Innovations Made by Firms? A Preliminary Inquiry," FinTech, MDPI, vol. 2(3), pages 1-42, August.
    2. Agha Jahanzeb & Teoh Yee Xin & Hyder Ali, 2026. "Beyond intention: the critical role of digital financial literacy in the actual usage of AI-enabled fintech applications in Malaysia," Future Business Journal, Springer, vol. 12(1), pages 1-16, December.
    3. Simplice A. Asongu & Therese E. Zogo & Mariette C. N. Mete & Barbara D. Mensah, 2024. "Not all that glitters is gold: Financial access, microfinance, and female unemployment in sub‐Saharan Africa," World Affairs, John Wiley & Sons, vol. 187(4), pages 421-436, December.
    4. Chia-Nan Wang & Nhat-Luong Nhieu & Wei-Lin Liu, 2024. "Unveiling the landscape of Fintech in ASEAN: assessing development, regulations, and economic implications by decision-making approach," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-16, December.
    5. Kevin Thomas Chacko & Pankaj Kumar Baag, 2021. "Financial Inclusion in India: An approach through FinTech as a solution," Working papers 463, Indian Institute of Management Kozhikode.
    6. Emon Kalyan Chowdhury, 2026. "The economic value of SDG12: corporate financial returns and consumer willingness to pay in Bangladesh," SN Business & Economics, Springer, vol. 6(1), pages 1-29, January.
    7. Saida Hajjaji, 2026. "Explaining digital payments adoption with econometrics and explainable machine learning: cross-country evidence from a global household survey," Digital Finance, Springer, vol. 8(1), pages 1-23, March.
    8. Luiz C. Terra dos Santos & Adrielle Frimaio & Biagio F. Giannetti & Feni Agostinho & Gengyuan Liu & Cecilia M. V. B. Almeida, 2023. "Integrating Environmental, Social, and Economic Dimensions to Monitor Sustainability in the G20 Countries," Sustainability, MDPI, vol. 15(8), pages 1-18, April.
    9. Bu, Ya & Du, Xin & Li, Hui & Yu, Xinghui & Wang, Yuting, 2023. "Research on the FinTech risk early warning based on the MS-VAR model: An empirical analysis in China," Global Finance Journal, Elsevier, vol. 58(C).
    10. Fatkhurrohman, 2021. "Access to Fintech and Poverty : Evidence from the Arrival of 4G Networks in Indonesia," Warwick-Monash Economics Student Papers 24, Warwick Monash Economics Student Papers.
    11. Guo, Liting & Ma, Linghua & Hou, Layi & Zhang, Tingyu, 2025. "Does digital inclusive finance policy promote ESG: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 103(C).
    12. Uwem E. Uwah & Joseph O. Udoayang & Peter A. Uklala, 2022. "Post COVID-19 and the Acceptance of Financial Inclusion as a New Normal in Financial Transactions: Implications for Nigerian Accountants and Other Financial Service Providers," Athens Journal of Business & Economics, Athens Institute for Education and Research (ATINER), vol. 8(3), pages 193-214, July.
    13. Sadik Aden Dirir, 2022. "Performing a Quantile Regression to Explore the Financial Inclusion in Emerging Countries and Lessons African Countries Can Learn from Them," European Journal of Development Studies, European Open Science, vol. 2(5), pages 1-9, October.
    14. Duan, Chengyonghui & Ni, Soh Wei, 2024. "Impact of fiscal spending, financial inclusion on financial stability," Finance Research Letters, Elsevier, vol. 69(PB).
    15. Hong, Hua & Bao, Surina & Kang, Xiaohong, 2025. "Inverted U-shaped impact of financialization on private enterprise business performance: Capital structure threshold effect," International Review of Economics & Finance, Elsevier, vol. 103(C).
    16. agarwal, shekhar, 2022. "India’s Rising Technology Economy: Sources and Consequences," OSF Preprints x6yzm, Center for Open Science.
    17. Ngunza Maniata, Kevin & Waminuku Manzambi, Tresor, 2025. "Fintechs et inclusion financière en Afrique : quelles implications pour la transformation structurelle ? [Fintechs and Financial Inclusion in Africa: Implications for Structural Transformation]," MPRA Paper 127303, University Library of Munich, Germany.
    18. Mirela Clementina Panait & Simona Andreea Apostu & Iza Gigauri & Maria Giovanna Confetto & Maria Palazzo, 2024. "Defeating the Dark Sides of FinTech: A Regression-Based Analysis of Digitalization’s Role in Fostering Consumers’ Financial Inclusion in Central and Eastern Europe," Risks, MDPI, vol. 12(11), pages 1-18, November.
    19. PINSHI, Christian P., 2021. "Exploring the usefulness of Fintech in the dark era of COVID-19," MPRA Paper 107863, University Library of Munich, Germany.
    20. Joanna Brzyska & Izabela Szamrej-Baran, 2023. "The COVID-19 Pandemic and the Implementation of Sustainable Development Goals: The EU Perspective," Sustainability, MDPI, vol. 15(18), pages 1-19, September.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    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:gam:jfinte:v:2:y:2023:i:3:p:35-656:d:1236414. 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: MDPI Indexing Manager The email address of this maintainer does not seem to be valid anymore. Please ask MDPI Indexing Manager to update the entry or send us the correct address (email available below). General contact details of provider: https://www.mdpi.com .

    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.