Are environmental damage and export concentration the major threats for the long-run economic growth in Bangladesh?
Article
Article Title | Are environmental damage and export concentration the major threats for the long-run economic growth in Bangladesh? |
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ERA Journal ID | 39745 |
Article Category | Article |
Authors | Rahman, Mohammad Mafizur, Velayutham, Eswaran and Kashem, Mohammad Abul |
Journal Title | PLoS One |
Journal Citation | 18 (4), pp. 1-18 |
Article Number | e0284620 |
Number of Pages | 18 |
Year | 2023 |
Publisher | Public Library of Science (PLoS) |
Place of Publication | United States |
ISSN | 1932-6203 |
Digital Object Identifier (DOI) | https://doi.org/https://doi.org/10.1371/journal.pone.0284620 |
Web Address (URL) | https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0284620 |
Abstract | Using World Bank and IMF data over the period 1990–2018, this research explores the determinants of economic growth in Bangladesh with particular attention to environmental degradation and export concentration variables. An ARDL (Autoregressive Distributed Lag) bound testing approach is employed as an estimation strategy with FMOLS (Fully Modified Ordinary Least Squares) and CCR (Canonical Cointegrating Regression) for cross-checking the results. The obtained results confirm that CO2 emissions, consumption expenditure, export concentration, remittances, and inflation are the main driving forces for the long-run economic growth in Bangladesh where the effects of the first two variables and the last three variables are positive and negative, respectively. The study also reveals the dynamic short-run relationships among the chosen variables. Environmental pollution and export concentration are found to be the barriers to economic growth; therefore, the country should take necessary steps to mitigate this problem for ensuring long-run sustainable economic development. |
Keywords | Environmental damage; export concentration;economic growth; Bangladesh |
Contains Sensitive Content | Does not contain sensitive content |
ANZSRC Field of Research 2020 | 380112. Macroeconomics (incl. monetary and fiscal theory) |
380205. Time-series analysis | |
Byline Affiliations | School of Business |
Bangladesh Bank, Bangladesh |
https://research.usq.edu.au/item/y579v/are-environmental-damage-and-export-concentration-the-major-threats-for-the-long-run-economic-growth-in-bangladesh
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