Impact of International Trade, Remittances and Industrialization on the Economic Growth of Bangladesh

(整期优先)网络出版时间:2014-08-18
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Thereareseveralimportantfactorsofgrowthandmanyendeavorshavebeenmadetoapplythesefactorstoexplainthegrowthofdifferenteconomiesatdifferenttimes.Inthiscontext,theobjectiveofthispaperistoexaminetheimpactofinternationaltrade,remittancesandindustrializationontheeconomicgrowthofBangladeshusingannualdatafromtheperiodof1976to2010.Thisstudyusesthetimeserieseconometricsmethodology,whichcoverstestsforstationary,cointegration,andspecificationofthemodel.Thisstudyalsofocusesonfindingcausalrelationshipamongexport,import,remittances,andindustrializationontheeconomicgrowthofBangladeshbyusingGrangercausalitytest.Theresultshowsthatthevariablesarecointegrated,implyingalong-runcausalrelationshipamongexport,import,remittances,andindustrializationontheeconomicgrowthofBangladesh.