International Trade, FDI, Inflation and Growth Nexus: Bangladesh Perspective (1971-2016)

Year 2022, Volume: 7 Issue: 2, 334 - 351, 30.12.2022

Sabrina Akter Nishat , Zobayer Ahmed , Md Arafat Hossain

Abstract

The purpose of this paper is to examine the main factors that have significant effect on the economic growth of Bangladesh. Many studies around the world attempted to find the factors influencing the economic growth of differnet countries but for Bangladesh there are few research. To observe the main factors of economic growth, multiple linear regression method has been used with some popular diagnostic tests in this study to access the robustness of the estimated model for a period of 46 years from 1971 to 2016. The results of this study reveals that imports, exports, and remittances have a significant role in Bangladesh's economic growth. The findings further suggest that growth, export, and remittances have a long-term positive association whereas foreign direct investment has a negative influence on growth. Although various research has taken on an issue, this is the first initiative to use the multiple linear regression method with various robustness tests. The findings thus can be used for policy formulation.

Keywords

International trade, Inflation, Economic growth, Bangladesh, Uluslararası Ticaret

Uluslararası Ticaret, DYY, Enflasyon ve Büyüme Bağlantı Noktası: Bangladeş Perspektifi (1971-2016)

Abstract

Bu çalışmanın amacı, Bangladeş'in ekonomik büyümesi üzerinde önemli etkisi olan ana faktörleri incelemektir. Dünya çapında birçok çalışma, farklı ülkelerin ekonomik büyümesini etkileyen faktörleri bulmaya çalışmaktadır. Ancak Bangladeş için literatürde çok az araştırma mevcuttur. Ekonomik büyümenin ana faktörlerini gözlemlemek için, 1971'den 2016'ya kadar 46 yıllık bir süre için tahmin edilen modelin güvenilirlik testleri için bu çalışmada bazı popüler güvenilirlik testleri ile çoklu doğrusal regresyon yöntemi kullanılmıştır. Çalışma sonuçlarına göre ithalat, ihracat ve işçi dövizleri, Bangladeş'in ekonomik büyümesinde önemli bir role sahiptir. Bulgular ayrıca, büyüme, ihracat ve işçi dövizlerinin büyüme ile uzun vadeli pozitif bir ilişkiye sahip olduğunu, doğrudan yabancı yatırımın ise büyüme üzerinde negatif bir etkiye sahip olduğunu göstermektedir. Bir konu üzerine çeşitli araştırmalar yapılmış olsa da, bu çalışma, çeşitli sağlamlık testleri ile çoklu doğrusal regresyon yöntemini kullanan ilk çalışmadır. Bulgular politika formülasyonu için kullanılabilir.

Keywords

Uluslararası Ticaret, Enflasyon, Ekonomik Büyüme, Bangladeş

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