Determining the Impact of Economic Factors to the Gross Domestic Product in Bangladesh

Mostofa Mahmud Hasan, B. M. Sajjad Hossain and Md. Abu Sayem
Additional contact information
Mostofa Mahmud Hasan: Department of Business Administration, EXIM Bank Agricultural University Bangladesh,
B. M. Sajjad Hossain: Department of Business Administration, Primeasia University, Bangladesh,
Md. Abu Sayem: Department of Statistics, EXIM Bank Agricultural University Bangladesh

International Journal of Economics and Financial Issues, 2022, vol. 12, issue 1, 37-40

Abstract: 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 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. This study concluded with revealing the importance of conducting further study by considering more economic variables to measure the economic growth as a whole.

Keywords: GDP; Inflation Rate; Import; Export; Bangladesh economy (search for similar items in EconPapers)
JEL-codes: A11 B22 B27 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.econjournals.com/index.php/ijefi/article/download/12686/6617/29577 (application/pdf)
http://www.econjournals.com/index.php/ijefi/article/view/12686/6617 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2022-01-06

Access Statistics for this article

International Journal of Economics and Financial Issues is currently edited by Ilhan Ozturk

More articles in International Journal of Economics and Financial Issues from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().