Haque, Ahsanul and Rana, Md. Shohel and Soni, Most. Sifat Muntaha and Uddin, Md. Kamal and Hossain, Md. Sazzad and Molla, Md. Matiur Rahman (2023) Quantifying the Interconnection of Economic Growth and Key Macroeconomic Factors Using the VECM Perspective of Bangladesh. European Journal of Statistics and Probability, 11 (1). pp. 39-53. ISSN 2055-0154(Print), 2055-0162(Online)
![[thumbnail of Quantifying.pdf]](https://tudr.org/style/images/fileicons/text.png)
Text
Quantifying.pdf - Published Version
Restricted to Registered users only
Available under License Creative Commons Attribution Non-commercial No Derivatives.
Download (710kB) | Request a copy
Abstract
The study examines the impact and signs of key macroeconomic factors on Bangladesh's economic growth from 1980 to 2016 using VAR, the Johansen cointegration test, and the Vector Error Correction Model (VECM). Results show that the inflation rate has a slightly positive impact on economic growth, but it is not statistically significant. The real interest rate has a significant negative impact on economic growth, while the exchange rate has a significant positive impact. This work concludes that all variables have long-term effects and long-run causality, as well as a weak short-run influence on the economic growth rate.
| Item Type: | Article |
|---|---|
| Subjects: | Q Science > QA Mathematics |
| Depositing User: | Professor Mark T. Owen |
| Date Deposited: | 01 Sep 2023 21:43 |
| Last Modified: | 01 Sep 2023 21:43 |
| URI: | https://tudr.org/id/eprint/2154 |
Actions (login required)
- View Item
CORE (COnnecting REpositories)
CORE (COnnecting REpositories)