Impact of Female Financial Inclusion on Economic Development: Evidence from an Emerging Economy

Abstract

This study aims to investigate the effects of female financial inclusion on the economic development of Bangladesh. Female financial inclusion indicates the access of women to financial services. Female financial inclusion by ensuring participation of women in the financial system can ensure both economic and social wellbeing as this helps to decrease inequality and enables higher economic development. The empirical analysis of this research has been conducted through data obtained from banks of Bangladesh. The results suggest that, accounts of women in bank and savings of women with a bank have high impact in driving higher economic development of Bangladesh. However, the results indicate that borrowings of women from a bank is not triggering the higher inclusive economic development of Bangladesh.

Keywords: Female financial inclusion, Economic development

DOI: 10.7176/EJBM/13-24-07

Publication date: December 31^st 2021