The Remittance, Foreign Direct Investment, Export, and Economic Growth in Bangladesh: A Time Series Analysis

Authors

Al Mamun, Department of Research, Center for Policy and Economic Research (CPER), Mohammadpur, Dhaka, 1207, BangladeshFollow
M H M Imrul Kabir, Department of Mathematical and Physical Sciences, East West University, Jahurul Islam City Gate, Dhaka, 1212, Bangladesh

Article Type

Research Article

Abstract

This research empirically examined the effect of internal and external factors on the economic growth of Bangladesh using the annual data from 1976 to 2019. ARDL bounds tests were used to detect cointegration and understand the dynamic effect. This study mainly identified the positive and negative casualties because remittance and export have a significant positive role, and FDI has an adverse role in the economic growth process. Furthermore, this study recommends that the government take appropriate steps to increase export, the inflow of remittance and FDI to achieve long-run economic growth, considering the impact of COVID-19 and present Russia- Ukraine war.

Keywords

Remittance; Foreign Direct Investment; Export; Economic Growth; ARDL

Recommended Citation

Mamun, Al and Kabir, M H M Imrul (2023) "The Remittance, Foreign Direct Investment, Export, and Economic Growth in Bangladesh: A Time Series Analysis," Arab Economic and Business Journal: Vol. 15 : Iss. 1 , Article 4.
Available at: https://doi.org/10.38039/2214-4625.1022

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This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.