Bangladesh is one of the most populous countries in the
world with more than 163 million people. Dhaka, as the capital city, is the
main economic, political, and cultural hub of this nation. Economic growth is
measured by gross domestic product and the factors of economic growth are
cross-cutting factors. Gross Domestic Product (GDP) is believed to be an
indicator of a country’s economic condition. Bangladesh’s GDP increased at a
pace of 8.15% in fiscal 2018-2019 as per the base year 2005-2006. By the year 2019,
Bangladesh has become the seventh fastest-growing economy in the world. This
paper used secondary data from the World Bank for the fiscal year from 2010 to
2020. This paper used a multiple regression analysis model for the
macroeconomic factors. The aim of this study is to measure the effects of
macroeconomic factors considering GDP as the dependent variables and inflation
rate, import, and export are considered as independent. This paper represents
that import and export are positively associated factors with GDP whereas
inflation rate is a negatively associated factor. It is recommended that
investment in the Bangladesh export sector should also be enhanced to overcome
the present obstacles of the economy and therefore foreign direct investment
(FDI) should also try to be enhanced by attracting the contemplation of foreign
stakeholders from both developing and developed countries. It was found that
import and export have a positive relation with GDP and inflation whereas
exchange rate has a negative association with GDP. This study concluded by
revealing the importance of conducting a further study by considering more
economic variables to measure economic growth as a whole.
Author(s) Details:
Mostofa Mahmud Hasan,
Department of Business Administration, Khwaja Yunus Ali University,
Bangladesh.
B. M. Sajjad Hossain,
Department
of Business Administration, American International University, Bangladesh.
Md. Abu Sayem,
Department of Statistics, EXIM Bank Agricultural University,
Bangladesh.
Please see the link here: https://stm.bookpi.org/AOBMER-V9/article/view/13425
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