ECONOMIC GROWTH IN BANGLADESH: IMPACT OF FISCAL POLICY AND MONETARY POLICY

Mohammad Saiful Islam (), Marina Akter () and Md. Sajadul Islam Sarker ()
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Mohammad Saiful Islam: Department of Business Administration Leading University, Sylhet,Bangladesh
Marina Akter: Department of Business Administration Leading University, Sylhet,Bangladesh
Md. Sajadul Islam Sarker: Department of Business Administration Leading University, Sylhet,Bangladesh

Romanian Economic Business Review, 2018, vol. 13, issue 2, 45-57

Abstract: The purpose of this research paper is to identify the impact of significant components of fiscal policy and monetary policythat determine the level of economic growth in Bangladesh. Correlation, regression, test of hypothesis, ANOVA and trend analysis have been conducted in this paper using SPSS software to analyze data. Both the primary and secondary data have been used in this paper. Data have been generated from economic reviews, journals, expert opinions etc. The results of this analysis evidence that investment of current year, net foreign finance, tax burden/tax revenue and trade balance are significantly influencing the economic growth in Bangladesh among several components of fiscal policy where tax revenue has been found as most significant determinant of economic growth. Besides, it has been found that several tools of monetary policy are significantly influencing economic growth where most significant determinants are low variable reserve ratio, flexibility in rationing of credit and fixation of less margin requirement.

Keywords: Fiscal Policy; Monetary Policy; Budget Deficit; GDP; Economic Growth (search for similar items in EconPapers)
Date: 2018
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