EXPORT-LED GROWTH (ELG) HYPOTHESIS: AN EMPIRICAL INVESTIGATION ON BANGLADESH

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1. INTRODUCTION
2. THEORETICAL AND EMPIRICAL REVIEW
3. METHODOLOGICAL ISSUES
4. VARIABLE DEFINITIONS AND DATA SOURCES
5. ESTIMATION TECHNIQUE
6. EMPIRICAL RESULTS
7. CONCLUDING REMARKS

EXPORT-LED GROWTH (ELG) HYPOTHESIS: AN EMPIRICAL INVESTIGATION ON BANGLADESH

Author: Tamanna Afreen Rimi, Ahmed Tariq Aziz, Israt Jahan Kakoly

DOI Link: https:10.56888/BIISSj2009v30n3a5

ABSTRACT

This paper investigates export-led growth hypothesis for Bangladesh over a period of last three decadesusing cointegration and multivariate Granger Causality technique. While conventional wisdom suggests that export growth contribute positively to economic growth, this study also provides strong evidence supporting the export-led growth hypothesis through bi-directional causality between export growth and economic growth in Bangladesh. Comparing the results between conventional bivariate model and multivariate model, this paper suggests that bivariate model to investigate ELG hypothesis (ELGH) gives the similar result as the multivariate model in the experience of Bangladesh. These findings indicate the importance of promoting exports in Bangladesh to enhance economic growth.

BANGLADESH INSTITUTE OF INTERNATIONAL AND STRATEGIC STUDIES

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