Abstract:A very important issue that plays a crucial role in development of the economies is the underutilization of its human capital i.e. unemployment. This paper investigates macroeconomic determinants of unemployment rate in Bangladesh economy for the period of 2000-2011 using Simple Single Equation Linear Regression Model (SELRM). The variables selected for the study are Unemployment rate, GDP growth rate, Exchange rate and Inflation rate (CPI based). The results of regression analysis showed significant impact of all the variables. Our main finding includes that Inflation rate stimulate unemployment positively and GDP growth rate and Exchange rate has negative impact on unemployment. Keywords: Unemployment rate, GDP growth rate, Exchange rate, Inflation rate. Introduction:Unemployment is one of the major problems in almost all the countries of the world. It has been the most consistent problem which is facing by all industrially advanced as well as poor countries. Unemployment is defined as the condition of having no job or being out of work or proportion of people which are able to work and actively searching jobs but they are unable to find it. Some of the very common causes of unemployment in Bangladesh and other developing economies are the technological changes, contribution of women in labor force, demographic structure, economic conditions, production of electricity (especially in Bangladesh), immigration from rural area's towards towns and cities. A decrease in the growth of the economies because of the economic recession of October 2008 is a major reason of increasing rate of unemployment for both developed and developing countries. According to theory, there is a positive relation between employment and the economic growth of countries. Economic growth is a vital factor that affects the unemployment. Theoretically a positive relation should exist among growth and employment or negative with unemployment. The economic theory, which converse on the subject of the relationship between unemployment and the economic growth is named as Okun's law. He studied the trade off among the real GNP and the unemployment. According to the theory there is an inverse relation between growth and the unemployment. The relationship between unemployment and the inflation is termed as Philips curve in the economic theory and was developed in 1958 by A. W. H. Philip. He discovered positive relationship between the two variables. Individually, inflation and unemployment both have negative effects on the individuals. With the globalization and open trades, exchange rate has started playing a vital role in the economy which has a direct effect on the unemployment level in a country. With devaluation, exports tend to boost and as a result expenditure on imports are reduced. By this, inflow of foreign currency is enhanced economies move towards growth and consequently the rate of unemployment declines. Objectives of this study:In Bangladesh GDP growth rate, exchange rate and inflation rate are the most important economic var...
Due to importing food and the perpetual changes from conventional wet markets to supermarkets in emerging markets, consumers have the opportunity to base their buying decisions on traceability systems. Seafood traceability systems involve information on production mode, inspection notes, sustainable sources, and sources of origin to provide consumer protection and help ensure that all seafood is safe to consume. This study aims to explore seafood markets by assessing the demand for traceability information attributes by utilising data from an experimental survey in an emerging market such as Bangladesh. The data were analysed using descriptive statistics, exploratory factor analysis, and a conditional logit model. The results demonstrate that consumers are concerned regarding vitamins, cholesterol, and preservatives, while they are little concerned about microbiological contamination, pesticide residues, genetic modification, and additives or artificial colours. The difference between the mean willingness to pay (WTP) for traditional and sustainable farmed fish is higher than that between the mean WTP for conventional and sustainable wild fish. In a ranked-choice voting system, the ‘production mode’ and ‘claim of safety control (e.g., being formalin-free)’ were the first and second most influential attributes in fish choices. The outcomes of the econometric model revealed that consumers are more likely to prefer traceability information about fish control (e.g., formalin-free), and they want to pay a price premium for this information. Alternatively, consumers are less likely to prefer farmed and imported fish, and their WTP for these fishes are highly inflated. This finding may be because consumers use wild and local origin as a cue for food safety or quality. This study hopes that the effects of such traceability information will optimise the production process and supply chain and help make seafood recall management more effective.
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