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Testing Hypothesis on Theory of Social Networking, Community Banking and Empowerment of People: A Conceptual View

Received: 12 June 2017     Accepted: 4 July 2017     Published: 18 October 2017
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Abstract

Poor and underprivileged people should come under the banking system so that equitable distribution and social justice can be achieved. Informal sector is playing vital role than formal sector of the country. Micro savings should under the working purview of the micro investment for which social networking and community banking is needed. Research question of the sturdy is whether social networking and community banking can transform micro savings to micro investment? The theory was developed for considering financial inclusion, to attain equitable distribution and social justice. A theory was developed by Ali (2016) which need to be tested. The theory was also interlinked with some goals of Sustainable development goal. The theory which is in a process of development by Muhammad Mahboob Ali on Social networking, community banking and empowerment of people may be empirically tested in different countries of the world and also at Bangladesh by various researchers to give a structural formation, cost-benefit analysis, shadow pricing, validation and reliability of the theory in the real life situation both global and domestic perspectives with a request to inform the result to the author. Macroeconomic effect on the economy will be optimistic concluded arranging community banking which will work as financial intermediate between micro savings and micro investment.

Published in Psychology and Behavioral Sciences (Volume 6, Issue 5)
DOI 10.11648/j.pbs.20170605.14
Page(s) 96-104
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2017. Published by Science Publishing Group

Keywords

Micro Savings, Macroeconomic Impact Community Banking, Social Networking, Empowerment of People, Gender Equality, Informal Sector JEL Classification: F62, G20

References
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  • APA Style

    Muhammad Mahboob Ali. (2017). Testing Hypothesis on Theory of Social Networking, Community Banking and Empowerment of People: A Conceptual View. Psychology and Behavioral Sciences, 6(5), 96-104. https://doi.org/10.11648/j.pbs.20170605.14

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    ACS Style

    Muhammad Mahboob Ali. Testing Hypothesis on Theory of Social Networking, Community Banking and Empowerment of People: A Conceptual View. Psychol. Behav. Sci. 2017, 6(5), 96-104. doi: 10.11648/j.pbs.20170605.14

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    AMA Style

    Muhammad Mahboob Ali. Testing Hypothesis on Theory of Social Networking, Community Banking and Empowerment of People: A Conceptual View. Psychol Behav Sci. 2017;6(5):96-104. doi: 10.11648/j.pbs.20170605.14

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  • @article{10.11648/j.pbs.20170605.14,
      author = {Muhammad Mahboob Ali},
      title = {Testing Hypothesis on Theory of Social Networking, Community Banking and Empowerment of People: A Conceptual View},
      journal = {Psychology and Behavioral Sciences},
      volume = {6},
      number = {5},
      pages = {96-104},
      doi = {10.11648/j.pbs.20170605.14},
      url = {https://doi.org/10.11648/j.pbs.20170605.14},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.pbs.20170605.14},
      abstract = {Poor and underprivileged people should come under the banking system so that equitable distribution and social justice can be achieved. Informal sector is playing vital role than formal sector of the country. Micro savings should under the working purview of the micro investment for which social networking and community banking is needed. Research question of the sturdy is whether social networking and community banking can transform micro savings to micro investment? The theory was developed for considering financial inclusion, to attain equitable distribution and social justice. A theory was developed by Ali (2016) which need to be tested. The theory was also interlinked with some goals of Sustainable development goal. The theory which is in a process of development by Muhammad Mahboob Ali on Social networking, community banking and empowerment of people may be empirically tested in different countries of the world and also at Bangladesh by various researchers to give a structural formation, cost-benefit analysis, shadow pricing, validation and reliability of the theory in the real life situation both global and domestic perspectives with a request to inform the result to the author. Macroeconomic effect on the economy will be optimistic concluded arranging community banking which will work as financial intermediate between micro savings and micro investment.},
     year = {2017}
    }
    

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    AB  - Poor and underprivileged people should come under the banking system so that equitable distribution and social justice can be achieved. Informal sector is playing vital role than formal sector of the country. Micro savings should under the working purview of the micro investment for which social networking and community banking is needed. Research question of the sturdy is whether social networking and community banking can transform micro savings to micro investment? The theory was developed for considering financial inclusion, to attain equitable distribution and social justice. A theory was developed by Ali (2016) which need to be tested. The theory was also interlinked with some goals of Sustainable development goal. The theory which is in a process of development by Muhammad Mahboob Ali on Social networking, community banking and empowerment of people may be empirically tested in different countries of the world and also at Bangladesh by various researchers to give a structural formation, cost-benefit analysis, shadow pricing, validation and reliability of the theory in the real life situation both global and domestic perspectives with a request to inform the result to the author. Macroeconomic effect on the economy will be optimistic concluded arranging community banking which will work as financial intermediate between micro savings and micro investment.
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Author Information
  • Macro and Financial Economist and Entrepreneurship Dhaka School of Economics, University of Dhaka, Dhaka, Bangladesh

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