Exploring the Nexus between Domestic Consumption of Milled Rice (DCM) and the Gross Domestic Product (GDP) of Bangladesh

Md. Atiqur Rahman and Md. Khalid Hassan
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Md. Atiqur Rahman: Department of Business Administration, Pundra University of Science & Technology, Rangpur Road, Gokul, Bogura, Bangladesh.
Md. Khalid Hassan: Department of Business Administration, Pundra University of Science & Technology, Rangpur Road, Gokul, Bogura, Bangladesh.

International Journal of Science and Business, 2022, vol. 17, issue 1, 21-30

Abstract: Using annual data from 1960 to 2014, the aim of the current investigation is to evaluate the link between Bangladesh's GDP and domestic consumption of milled rice (DCM). In this study, the Kwiatkowski-Phillips-Schmidt-Shin (KPSS), Augmented Dickey-Fuller (ADF), Elliott-Rothenberg-Stock (ERS), and Phillips-Perron (PP) tests were implemented to observe the stationarity of the variables. Next, the causal link is established using the Granger causality (GC) test, and the long-term association between the study’s variables is evaluated using the Johansen cointegration test. The GC test indicates that there is bidirectional causation, the Johansen co-integration test indicates that there is no long-term association between the variables, and there is no unit root between the variables, according to the experimental results of the stationary test. Therefore, the domestic consumption of milled rice (DCM) and GDP do not cointegrate over the long run.

Keywords: Domestic consumption; the Granger causality test; the Johansen co integration test; GDP; Bangladesh. (search for similar items in EconPapers)
Date: 2022
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