Impact of Export and Import on Economic Growth in Bangladesh
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After independence in 1971 the Government of Bangladesh has placed international trade at the center of its economic development agenda. This prompted this work to be undertaken with the aim of assessing the impact of export and import on economic growth in Bangladesh from 1992 to 2015. This study has used a neoclassic economic growth model containing gross domestic product, exports, and imports as variables of analysis. After collecting annual time series data on the variables for the period 1992 to 2015 from the World Bank online statistical data base, simple regression and several econometr...
After independence in 1971 the Government of Bangladesh has placed international trade at the center of its economic development agenda. This prompted this work to be undertaken with the aim of assessing the impact of export and import on economic growth in Bangladesh from 1992 to 2015. This study has used a neoclassic economic growth model containing gross domestic product, exports, and imports as variables of analysis. After collecting annual time series data on the variables for the period 1992 to 2015 from the World Bank online statistical data base, simple regression and several econometric tests are done on the model to ensure robust and accurate results. We find Export positive and statistically significant on the country's economic growth, while import is negative and has insignificant influence. The above results strongly suggest that Bangladesh should continue with its export-led economic growth strategies.
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