Factors shaping women’s saving behaviour for economic advancement in emerging nations: a study in bangladesh

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.

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Publication Details

Journal
Economic Annals
Published
2025-01-01
DOI
https://doi.org/10.2298/eka2547117h
Primary Topic
Microfinance and Financial Inclusion
Type
article
Field-Weighted Citation Impact
0.00
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article

Factors shaping women’s saving behaviour for economic advancement in emerging nations: a study in bangladesh

Sabrina Sharmin Nishat, Md. Monzur Hossain, Mazharul Haque
Economic Annals
Microfinance and Financial Inclusion
article

Factors shaping women’s saving behaviour for economic advancement in emerging nations: a study in bangladesh

Sabrina Sharmin Nishat, Md. Monzur Hossain, Mazharul Haque
article en

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.

Economic AnnalsVol. 70(247)
Comilla University (BD), Bangladesh University of Professionals (BD)
Openalex Percentile: Top 53%
Microfinance and Financial Inclusion
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