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 language | English |
|---|---|
| Title of host publication | Climate Adaptation for a Sustainable Economy |
| Subtitle of host publication | Lessons from Bangladesh, an Emerging Tiger of Asia |
| Editors | Moazzem Hossain, Q K Ahmad, Mazharul M Islam |
| Place of Publication | New York |
| Publisher | Nova Science Publishers, Inc. |
| Chapter | 9 |
| Pages | 195-218 |
| Number of pages | 24 |
| Edition | 1 |
| ISBN (Electronic) | 9781536169287 |
| ISBN (Print) | 9781536169270 |
| Publication status | Published - Feb 2020 |
Publication series
| Name | Asian Political, Economic and Social Issues |
|---|---|
| Publisher | Nova Science Publishers |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 9 Industry, Innovation, and Infrastructure
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SDG 17 Partnerships for the Goals
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