Does trade openness cause economic growth in Bangladesh?

Khanom, Sharmina

doi:10.3329/iiucs.v16i0.50139

Cited by 2 publications

References 6 publications

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The long-term relationship between oil price changes and economic growth from the perspective of the resource curse: An empirical study from Yemen

Amer,

Xiuwu,

Meyad

et al. 2024

PLoS ONE

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A common conundrum discussed in economic research revolves around the fact that nations endowed with plentiful natural resources often exhibit a lower gross domestic product (GDP). This conundrum is commonly called the "resource curse", where most empirical studies about the effects primarily focused on developed economies. At the same time, limited data is available regarding a burgeoning oil-exporting nation like the Republic of Yemen. This research endeavor aims to investigate the relationship between oil price Changes and Yemen’s economic growth. Utilizing annual data spanning from 1990 to 2019, the study employs the auto-regressive distributed lag (ARDL) model to establish the long-term connection between oil price volatility and economic growth over both short and long timeframes. This study’s outcomes indicate that oil price Changes have a significant positive relationship with Yemen’s economic growth in both the long and short run. Oil rents show a significant negative relationship with economic growth in both the long and short run. The results of GLM, RLS, and GMM robustness checks are consistent with our model results. Based on these findings, we suggest that Yemen should diversify its economy by investing in agriculture and tourism, and focus on human capital, education, and research and development. These steps could reduce the economy’s dependence on oil and enhance sustainable economic growth. These empirical insights and suggestions are particularly useful for policymakers as they help build sound external and economic policies to sustain long-term economic growth.

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The long-term relationship between oil price changes and economic growth from the perspective of the resource curse: An empirical study from Yemen

Amer,

Xiuwu,

Meyad

et al. 2024

PLoS ONE

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Finance and Development in Bangladesh

Eleje,

Haruna,

Dibal

2023

Econometric Analyses on Global Finance and Economic Development

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This study evaluates the role of finance in the economic development of Bangladesh post-Cold War from 1981-2019. Using the ARDL model and Granger causality test, the findings show that gross fixed capital formation and balance of payment are positive and significant to real gross domestic product (RGDP) in the short run and long run, and a bidirectional relationship exists between them. Foreign direct investment (FDI) has a long-run and short-run negative and significant effect, while external borrowing (EXB) has a long-term positive and significant effect on RGDP. While a bidirectional causality exists between FDI and RGDP, there is no causality between EXB and RGDP. Exchange rates (EXR) have a positive and significant effect, while interest rates (INTR) were insignificant. A unidirectional causality exists between EXR and RGDP whereas no causality exists between INTR and RGDP. The findings of this study, therefore, underscore the relevance of finance in Bangladesh's economy post-Cold War and thus contribute to existing debate on the role of finance in economic development of nations.

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Does trade openness cause economic growth in Bangladesh?

Cited by 2 publications

References 6 publications

The long-term relationship between oil price changes and economic growth from the perspective of the resource curse: An empirical study from Yemen

The long-term relationship between oil price changes and economic growth from the perspective of the resource curse: An empirical study from Yemen

Finance and Development in Bangladesh

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