Impact of Macroeconomic Variables on Economic Growth: Bangladesh Perspective

A H M Yeaseen Chowdhury, Md. Kaysher Hamid () and Rowshonara Akter Akhi
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A H M Yeaseen Chowdhury: Department of Business Administration-General, Bangladesh University of Professionals, Mirpur Cantonment, Dhaka 1216
Md. Kaysher Hamid: Department of Business Administration-General, Bangladesh University of Professionals, Mirpur Cantonment, Dhaka 1216.
Rowshonara Akter Akhi: Department of Finance & Banking, Jahangirnagar University Savar, Dhaka 1342.

Information Management and Computer Science (IMCS), 2019, vol. 2, issue 2, 19-22

Abstract: The impact of macroeconomic variables on the economic growth of Bangladesh is investigated in this study by considering GDP growth (GDP) as the representative of economic growth. In addition, inflation (INF), real interest rate (INT), exchange rate (EXR), and household consumption expenditures growth (HCE) are selected to represent the macroeconomic variables for the period of 1987-2015. Correlation and multiple regression analysis are conducted to evaluate the data. In correlation analysis, it is found that GDP has positive correlation with all the variables except INT. In regression analysis, GDP is selected as the dependent variable and INF, INT, EXR, and HCE are considered as the independent variables. It is observed that the independent variables explained 75.60% of the variability of GDP and the relationship is also found statistically significant at 95% confidence level. Therefore, this study has concluded that macroeconomic variables have significant effect on the economic growth of Bangladesh.

Keywords: Economic Growth; Macroeconomic Variable; GDP; Inflation; Bangladesh (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:zib:zbimcs:v:2:y:2019:i:2:p:19-22

DOI: 10.26480/imcs.02.2019.19.22

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