Trade (exports) as an opportunity for Bangladesh: A VECM analysis

作者：Md Reza Sultanuzzaman, Hongzhong Fan, Banban Wang, Miraj Ahmed Bhuiyan, Adnan K. M. Mehedi · 发表于：The International Trade Journal · 年份：2018 · DOI：10.1080/08853908.2018.1511489 · 被引用次数：25 · 研究领域：Fiscal Policy and Economic Growth、Global trade and economics、Energy, Environment, Economic Growth

This article examines the effects of trade (exports) on the economic growth of Bangladesh from 1986 to 2016, using the application of a Johansen cointegration and vector error correction model. The empirical findings exhibit that trade (exports) has a unique long-run equilibrium relationship with the economic growth of Bangladesh. The short-run results also display a robust causality between variables. This study suggests that exports play a major role in the growth of Bangladesh. Policymakers should promote the export of goods and services, especially manufactured goods, in the long term, in order to possibly reduce the trade deficit and rapidly stimulate the growth of Bangladesh.