The Dynamics of Relationship among Export, Import and Economic Growth in Bangladesh
Authors/Creators
- 1. Assistant Professor & Head, Department of Real Estate, Daffodil International University, Dhaka, Bangladesh (Corresponding Author)
- 2. Senior Lecturer, Department of Real Estate, Daffodil International University, Dhaka, Bangladesh
- 3. Independent Researcher, Department of Real Estate, Daffodil International University, Dhaka, Bangladesh
- 4. Independent Researcher, Department of Business Administration, Daffodil International University, Dhaka, Bangladesh
Description
Import and Export can be used to determine the productivity of a country. Besides, GDP (Gross Domestic Product) is an indicator of economic development. In this paper,the causal relationship among the per capita GDP, Import and export in Bangladesh using Co-integration, ADF and Vector Error Correction Model with a data set of 1979-2018 has been explored. The results indicate that there are long term and short-term relationshipsamong variables. Export directly affects GDP and import indirectly affects GDP. The results suggest that both import and export has a positive impact on GDP and there is a huge opportunity to improve the economic condition. The findings have significant implications from the point of view of the economic and financial development in Bangladesh.
Files
41465752103.pdf
Additional details
References
- Ahmed, H. A., & Uddin, M. G. S. (2009). Export, imports, remittance and growth in Bangladesh: An empirical analysis. Trade and Development Review, 2(2).
- ] Akhter, M. (2015). The impact of export and import on economic growth in Bangladesh. World Vision, 9(1), 66-81.
- Hoque, M. M., & Yusop, Z. (2010). Impacts of trade liberalization on aggregate import in Bangladesh: An ARDL Bounds test approach. Journal of Asian Economics, 21(1), 37-52.
- Halder, P. (2019). Analysis of the Impact of Exchange Rate, Inflation, Export, and Import on Gross Domestic Product in Bangladesh. Business, Management and Economics Research, 5(12), 170-175.
- Hossain, M., & Dias K. N. (2004). Exports and economic growth in Bangladesh: Has manufacturing exports become a new engine of export-led growth? The international trade journal, 18(4), 303-334
- Hasan, A., Zaman, A., Sikder, Z. I., &Wadud, A. (2017). The Dynamics of Electricity Consumption, Energy Use and GDP in Bangladesh. Romanian Economic Journal, 20(65)
- Islam, M. R. (2019). Economic Growth Rates and Exports of Bangladesh: The Bengal Tiger? South Asia Research, 39(3), 285-303.
- Keho, Y. (2017). The exports and economic growth nexus in Cote D'Ivoire: Evidence from a multivariate time series analysis. Asian Journal of Economic Modelling, 5(2), 135-146.