Economic Growth and Macroeconomic Fundamentals: Evidence from Bangladesh

Economic Growth and Macroeconomic Fundamentals: Evidence from Bangladesh

Tanvir Hasan Anik

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Md. Nurul Kabir Biplob

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Begum Rokeya University

Economic Growth and Macroeconomic Fundamentals: Evidence from Bangladesh

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Abstract

This study aims to investigate the effect of some macroeconomic variables namely; Interest rate, Real exchange Rate, Money supply (M2) and Trade Openness on economic growth in Bangladesh. The economic growth was represented by real gross domestic product and interest rate was presented by real interest rate in Bangladesh, Real Exchange Rate was presented by Real effective exchange rate and M2 was the proxy of money supply. The periods taken for the study were from year 1987 to year 2017. The study has been conducted using Augmented Dickey-Fuller Unit Root Test, Phillips Perron Test, Johansen Cointegration Test, Vector Error correction Model and Wald Test. The findings of the Study is, there have long run relationship coming from Real exchange rate, Interest rate, Money supply (M2) and Trade openness to economic growth. Besides these, there have casual short term relationship coming from Trade openness and Money supply (M2) to economic growth in Bangladesh.

References

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Tanvir Hasan Anik. 2019. \u201cEconomic Growth and Macroeconomic Fundamentals: Evidence from Bangladesh\u201d. Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 19 (GJMBR Volume 19 Issue C2).

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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Classification

GJMBR-C Classification JEL Code: B22

Submission ReceivedDecember 7, 2018
Peer Review Double Blind
Handling Editor
Accepted December 31, 2018
Published January 15, 2019

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v1.2

Issue date

March 23, 2019

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Article Matrices

Total Score: 102

Country: Bangladesh

Subject: Global Journal of Management and Business Research - C: Finance

Authors: Tanvir Hasan Anik, Md. Nurul Kabir Biplob (PhD/Dr. count: 0)

View Count (all-time): 230

Total Views (Real + Logic): 2979

Total Downloads (simulated): 1421

Publish Date: 2019 03, Sat

Monthly Totals (Real + Logic):

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Total Views: 2979

Total Downloads: 1421

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