This study analyzes the impact of key macroeconomic factors on economic growth of Bangladesh from the period of 1988 to 2012.The key macroeconomic factors studied are market capitalization, foreign direct investment and real interest rate. This study also examines the long run and short run relationship between the economic growth and capital market, foreign direct investment, and real interest rate by using vector autoregressive (VAR) model. The VAR results suggest that the market capitalization, foreign direct investment and real interest rate have impact on economic growth in the long run, but in short run it does not have any predictable behavior. The variance decomposition results also conclude the same result as VAR model. All variables have the long run effects on economic growth but it does not have in short run, and the effects increases with time. Based on the finding, this study suggests that the government should come out with the appropriate macroeconomic plan and policy to draw more inward foreign direct investment, increase market capitalization and stabilize real interest rate in order to faster the economic growth in future. As finding of this study shows that these factors do not have significant impact on economic growth in Bangladesh in the short run
It has been observed that there is a crisis of quality leadership in Muslim world for decades. Erosion of moral values among leaders contributes to the instability and poor economic performance for many Muslim countries. This study investigates factors that contribute to the deterioration of quality leadership in Muslim world. The study also investigates the role of quality leadership for unifying the Muslim Ummah. Descriptive and analytical research methods have been applied in this study to analyze the interviews as well as prior studies. The findings indicate that lack of sufficient education, dishonesty, lack of knowledge and dedication for country"s development, absence of trustworthiness and responsibility, lack of moral values and avoidance of teaching of Al-Qur'an and As-Sunnah are the main factors that cause the deterioration of quality leadership in Muslim world. The study also concludes that honest and responsible leadership can contribute significantly to the economic development, political stability, peace and harmony of the Muslim world. This study recommends possible
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