Total labor force and GDP of Bangladesh: an analysis in between the year 2002-2009

Muhammad Hossain ()

MPRA Paper from University Library of Munich, Germany

Abstract: In this simple analysis study author took the Data on Labor force and GDP in the years of 2002-2009 of Bangladesh and found the correlation between Labor force and GDP.After analyzing the Data set the correlation coefficient (on overall volume) value is being found that r=.96, that means there is a strong positive relationshio between x (Labor Force) and y(GDP). Besides that Correlation coefficient (On Growth Rate) value is being found r=0.19, that means LF couldn’t influence on GDP properly (all LF were no employed) and also taking into consideration that factors of GDP constant, but still there is a positive relationship between LF and GDP. After that by the theory of Individual Labor Force Contribution in GDP(ILFCin GDP ) it is established that GDP is Proportional to Laborforce[That means GDP=f(LF) ] by analyzing UK and Bangladesh’s ILFCinGDP values between the year 2002-2004.It is seen that the tendency of ILFCinGDP is increasing year by year.That mean when LF rise then the GDP also rises.Then author gave some recommendation to increase the GDP by utilizing the LF in the context of Bangladesh also in context of the whole world

Keywords: Labor Force; GDP; Alternative Development (search for similar items in EconPapers)
JEL-codes: A10 O1 (search for similar items in EconPapers)
Date: 2012-02-13, Revised 2012-03-18
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/37557/1/MPRA_paper_37557.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/60854/1/MPRA_paper_37557.pdf revised version (application/pdf)

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:pra:mprapa:37557

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().