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Financial Inclusion and Economic Growth in Developing Nations: A Case Study of Bangladesh

Author

Listed:
  • Hasan, Amena
  • Dowla, Asif-Ud
  • Tarannum, Ramisa

Abstract

This research paper examines the impact of financial inclusion on the economic growth of developing nations, with a focus on Bangladesh. It reviews existing literature and develops hypotheses related to savings, capital mobilization, entrepreneurship, poverty alleviation, financial stability, and formalization of the economy. The paper presents a conceptual framework illustrating the pathways between financial inclusion and economic growth indicators. Data analysis shows a positive correlation between financial inclusion and GDP growth, as well as a link to poverty reduction. The paper concludes with policy implications for promoting financial inclusion in Bangladesh.

Suggested Citation

  • Hasan, Amena & Dowla, Asif-Ud & Tarannum, Ramisa, 2024. "Financial Inclusion and Economic Growth in Developing Nations: A Case Study of Bangladesh," MPRA Paper 120213, University Library of Munich, Germany, revised 08 Feb 2024.
    • Handle: RePEc:pra:mprapa:120213
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    File URL: https://mpra.ub.uni-muenchen.de/120213/1/MPRA_paper_120213.pdf
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    More about this item

    Keywords

    Financial inclusion; economic growth; Bangladesh; poverty alleviation; financial stability;
    All these keywords.

    JEL classification:

    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics

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