Exports, imports and sustainable economic growth in Bangladesh

Saroja Selvanathan, Maneka Jayasinghe, E. A. Selvanathan

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

During the last three decades, Bangladesh has experienced substantial economic growth. Many argue that manufacturing exports are the new engine of economic growth in Bangladesh. Some studies also show empirical evidence for both export-led growth and growth-led exports in Bangladesh. However, the potential growth-enhancing contribution of imports and its causal effects is largely missing in the existing literature. In this chapter, using Autoregressive Distributed Lag framework, we examine the (causal) relationship between trade and economic growth, focusing on the role of both exports and imports on economic growth (or vice versa) in Bangladesh during 1970-2017. Our empirical results support the well-known export-led growth and growthled exports hypotheses with respect to Bangladesh. Interestingly, we also find evidence for import-led growth with some evidence for economic growth-led imports.

Original languageEnglish
Title of host publicationClimate Adaptation for a Sustainable Economy
Subtitle of host publicationLessons from Bangladesh, an Emerging Tiger of Asia
EditorsMoazzem Hossain, Q K Ahmad, Mazharul M Islam
PublisherNova Science Publishers, Inc.
Chapter9
Pages195-218
Number of pages24
ISBN (Electronic)9781536169287
ISBN (Print)9781536169270
Publication statusPublished - 2020

Publication series

NameAsian Political, Economic and Social Issues
PublisherNova Science Publishers

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    Selvanathan, S., Jayasinghe, M., & Selvanathan, E. A. (2020). Exports, imports and sustainable economic growth in Bangladesh. In M. Hossain, Q. K. Ahmad, & M. M. Islam (Eds.), Climate Adaptation for a Sustainable Economy: Lessons from Bangladesh, an Emerging Tiger of Asia (pp. 195-218). (Asian Political, Economic and Social Issues). Nova Science Publishers, Inc..