Bangladesh: building for a better future?

Abstract

Since independence in 1971, Bangladesh has undergone episodes of change and has recorded considerable economic achievements. In this study, a standard regression model is used to identify factors that significantly contribute to economic growth in Bangladesh. The factors under consideration are private and public investment, public and private consumption, export and import. All factors are found to have a significant positive relationship with GDP at 5 percent of significance level except for public investment. The result implies that privatisation process needs to be catered with greater attention for accelerating GDP growth. Import is found to be significant but with a negative relationship with GDP. The result indicates that with the increased in import, the GDP will decline further. As a matter of fact, more than 60 percent of the imported items are for consumption purposes which is not likely to contribute much to GDP growth. From the empirical estimation, it is suggested that prudence planning should be taken to enhance private investment, export, private and public consumption for a better living in the country.

Perceptions of Civil Servants Toward Privatization and Development: A New Exploratory Study

“…For example, Hossain and Cheng (2002) state that while public investment is not an important factor influencing the GDP, private investment is found significant, which is indicative that more investment from the private sector is essential for higher economic growth. In this respect, Hossain and Cheng show that the GDP growth rate, which was averaged at 4% in the 1970s and 1980s increased to an average growth rate of 5.5% in the recent past.…”

The Impact of Foreign Aid Conditionality on Poverty Alleviation in Bangladesh: A Recipient’s Perspective

“…Source: World Bank (2021aBank ( , 2021b In a study provided by World Bank (2001), a 7 to 8 percent growth rate in GDP would be able to reduce the incidence of poverty in Bangladesh substantially. The World Bank (2021b) and Hossain and Cheng (2003) express that after many years of economic problems, Bangladesh has started to show considerable improvement in economic growth by using conditional aid. They note that the GDP growth rate, which was average at 4.5% in the 1980s, has increased to an average of 5.6% in 2010 and 7.1% in 2016.…”

Privatisation and Workers’ Compensation in Privatised State-Owned Enterprises in Bangladesh

“…The World Bank (2002) and Duncan et al (2002) argue that conditionality is essential in Bangladesh because accountability and governance structures are not good enough. Hossain and Cheng (2002) argue that Bangladesh has begun to demonstrate substantial progress in using conditional aid to generate economic growth. They note that GDP growth, averaged 4.5% in the 1980s, but had improved to an average of 5.5% in 2002.…”