TRADE POLICY AND ECONOMIC GROWTH IN BANGLADESH: A REVISIT

The paper examines trade policy and economic growth for Bangladesh. The paper has employed cointegration and multivariate Granger Causality test developed by Toda and Yamamoto (1995) to study the long-run and short-run dynamics among exports growth, imports growth and real output growth over the per...

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Veröffentlicht in:	Pakistan economic and social review 2007-07, Vol.45 (1), p.1-26
Hauptverfasser:	CHAUDHARY, MUHAMMAD ASLAM, SHIRAZI, NASIM SHAH, CHOUDHARY, MUNIR A. S.
Format:	Artikel
Sprache:	eng
Schlagworte:	Bangladesh Causality Developing countries Economic growth Economic growth models Economic growth rate Empirical evidence Export composition Foreign trade Gross domestic product Imports Long run economic growth National economy Output rate Trade policy
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Beschreibung
Zusammenfassung:	The paper examines trade policy and economic growth for Bangladesh. The paper has employed cointegration and multivariate Granger Causality test developed by Toda and Yamamoto (1995) to study the long-run and short-run dynamics among exports growth, imports growth and real output growth over the period 1973 to 2002. Our results strongly support a long-run relationship among the three variables for Bangladesh. The results show feedback effects between exports and output growth and also between imports and output growth in the short-run. A strong feedback effects between import growth and export growth has also been established.
ISSN:	1011-002X