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Export-Led Growth Hypothesis in Developing Countries: Econometric Evidence from Bangladesh

Cilt: 12 Sayı: 4 18 Ekim 2019
Harun Bal , Abdulla Hil Mamun *, Shahanara Basher , Mohammad Rahim Uddın , Masrurul Mowla
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Export-Led Growth Hypothesis in Developing Countries: Econometric Evidence from Bangladesh

Öz

The meticulous growth of both export and output of Bangladesh following the inception of trade liberalisation and export promotion in the late 1970s through 2010s gravely underscore the export-led growth (ELG) hypothesis for the economy. The present study examines whether the economic growth of Bangladesh is lead by exports employing the ARDL Bounds testing approach with particular attention to its long-run dynamics for the period from 1974 to 2015. Despite having a positive impact of trade and export on economic growth irrespective to the short run as well as in the long term, the absence of unidirectional positive causal relation from exports to economic growth, in the long run, rejects the validity of ELG hypothesis for Bangladesh. Import and gross capital formation are found to have an impact on economic growth compatible with theoretical expectation.

Anahtar Kelimeler

Export-Led

Kaynakça

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  4. Al Mamun, K. A., & Nath*, H. K. (2005). Export-led growth in Bangladesh: a time series analysis. Applied Economics Letters, 12(6), 361-364.
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  6. Awokuse, T. O. (2003). Is the export-led growth hypothesis valid for Canada?, Canadian Journal of Economics, 36(1), pp. 126–136.
  7. Baharumshah, A. Z., & Rashid, S. (1999). Exports, Imports and Economic Growth in Malaysia: EmpiricalEvidence Based on Multivariate Time Series. Asian Economic Journal, 13(4), 389-406.
  8. Bahmani-Oskooee, M. and Janardhanan Alse (1993). Export growth and economic growth: An application of cointegration and error-correction modeling. The Journal of Developing Areas, 27(4), 535-542.
  9. Balassa, B. (1978) ‘Exports and economic growth: further evidence’. Journal of Development Economics 5(2), 181–189.
  10. Begum, S., & Shamsuddin, A. F. (1998). Exports and economic growth in Bangladesh. The Journal of Development Studies, 35(1), 89-114.

Kaynak Göster

APA
Bal, H., Mamun, A. H., Basher, S., Uddın, M. R., & Mowla, M. (2019). Export-Led Growth Hypothesis in Developing Countries: Econometric Evidence from Bangladesh. Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 12(4), 454-465. https://doi.org/10.25287/ohuiibf.507759
AMA
1.Bal H, Mamun AH, Basher S, Uddın MR, Mowla M. Export-Led Growth Hypothesis in Developing Countries: Econometric Evidence from Bangladesh. ÖHÜİİBFD. 2019;12(4):454-465. doi:10.25287/ohuiibf.507759
Chicago
Bal, Harun, Abdulla Hil Mamun, Shahanara Basher, Mohammad Rahim Uddın, ve Masrurul Mowla. 2019. “Export-Led Growth Hypothesis in Developing Countries: Econometric Evidence from Bangladesh”. Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 12 (4): 454-65. https://doi.org/10.25287/ohuiibf.507759.
EndNote
Bal H, Mamun AH, Basher S, Uddın MR, Mowla M (01 Ekim 2019) Export-Led Growth Hypothesis in Developing Countries: Econometric Evidence from Bangladesh. Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 12 4 454–465.
IEEE
[1]H. Bal, A. H. Mamun, S. Basher, M. R. Uddın, ve M. Mowla, “Export-Led Growth Hypothesis in Developing Countries: Econometric Evidence from Bangladesh”, ÖHÜİİBFD, c. 12, sy 4, ss. 454–465, Eki. 2019, doi: 10.25287/ohuiibf.507759.
ISNAD
Bal, Harun - Mamun, Abdulla Hil - Basher, Shahanara - Uddın, Mohammad Rahim - Mowla, Masrurul. “Export-Led Growth Hypothesis in Developing Countries: Econometric Evidence from Bangladesh”. Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 12/4 (01 Ekim 2019): 454-465. https://doi.org/10.25287/ohuiibf.507759.
JAMA
1.Bal H, Mamun AH, Basher S, Uddın MR, Mowla M. Export-Led Growth Hypothesis in Developing Countries: Econometric Evidence from Bangladesh. ÖHÜİİBFD. 2019;12:454–465.
MLA
Bal, Harun, vd. “Export-Led Growth Hypothesis in Developing Countries: Econometric Evidence from Bangladesh”. Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, c. 12, sy 4, Ekim 2019, ss. 454-65, doi:10.25287/ohuiibf.507759.
Vancouver
1.Harun Bal, Abdulla Hil Mamun, Shahanara Basher, Mohammad Rahim Uddın, Masrurul Mowla. Export-Led Growth Hypothesis in Developing Countries: Econometric Evidence from Bangladesh. ÖHÜİİBFD. 01 Ekim 2019;12(4):454-65. doi:10.25287/ohuiibf.507759