An exploratory analysis of economic growth and governance indicators of Bangladesh, 1996-2018

This thesis is submitted in partial fulfillment of the requirements for the degree of Master of Science in Applied Economics, 2020.

Bibliographic Details
Main Author:	Anoy, Newaz Masud
Other Authors:	Robin, Iftekhar Ahmed
Format:	Thesis
Language:	en_US
Published:	Brac University 2021
Subjects:	GDP Growth Governance Corruption Control Rule of Law Voice and Accountability
Online Access:	http://hdl.handle.net/10361/14912

id	10361-14912
record_format	dspace
spelling	10361-149122021-08-02T21:01:26Z An exploratory analysis of economic growth and governance indicators of Bangladesh, 1996-2018 Anoy, Newaz Masud Robin, Iftekhar Ahmed Department of Economics and Social Sciences, Brac University GDP Growth Governance Corruption Control Rule of Law Voice and Accountability This thesis is submitted in partial fulfillment of the requirements for the degree of Master of Science in Applied Economics, 2020. Cataloged from PDF version of thesis. Includes bibliographical references (pages 42-47). Bangladesh has been experiencing a steady economic growth around seven percent for the last few years. Although the economy is growing faster but the governance indicators are showing a different scenario in six dimensions of governance: voice and accountability, political stability, government effectiveness, regulatory quality, rule of law and control of corruption. Thus, there has been a wrangle regarding the relationship between economic growth and governance. This thesis examines the relationship of World Governance Indicators (WGI) and GDP growth of Bangladesh. Both exploratory and econometric analyses of the relationship have been undertaken. The study estimates regression model using data for the period, 1996-2018. The regression results find that control of corruption (CC) is the most important governance variable that influences positively on economic growth. Similarly, rule of law (RL) shows significant positive relationship to economic growth. Although the estimated coefficient for voice and accountability (VA) is statistically significant, the negative magnitude of the coefficient does not really reflect the expected impact on GDP growth, perhaps due to small sample size of the study. However, the remaining three variables such as government effectiveness (GE), regulatory quality (Reg) and political stability (PS) are not found statistically significant and have not really impacted economic growth in Bangladesh. Therefore, if corruption can be curbed and ensure rule of law, we will able to attain a steady higher economic growth. In this paper, we have carried out tests to determine the presence of serial correlation. The results show no presence of serial correlation, hence, no corrective measures required. As the sample size is small there are the issues of stationarity, causality, multicollinearity, endogeneity that may arise in time series model. Within the purview of this analysis, we refrain from carrying out further tests of perfect collinearity, heteroskedasticity, stationarity, etc for the purpose of simplicity. However, such tests are highly recommended for more reliable and robust results. Newaz Masud Anoy M. in Economics 2021-08-02T10:46:49Z 2021-08-02T10:46:49Z 2020 2020 Thesis ID: 18275001 http://hdl.handle.net/10361/14912 en_US Brac University theses are protected by copyright. This may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. 49 Pages application/pdf Brac University
institution	Brac University
collection	Institutional Repository
language	en_US
topic	GDP Growth Governance Corruption Control Rule of Law Voice and Accountability
spellingShingle	GDP Growth Governance Corruption Control Rule of Law Voice and Accountability Anoy, Newaz Masud An exploratory analysis of economic growth and governance indicators of Bangladesh, 1996-2018
description	This thesis is submitted in partial fulfillment of the requirements for the degree of Master of Science in Applied Economics, 2020.
author2	Robin, Iftekhar Ahmed
author_facet	Robin, Iftekhar Ahmed Anoy, Newaz Masud
format	Thesis
author	Anoy, Newaz Masud
author_sort	Anoy, Newaz Masud
title	An exploratory analysis of economic growth and governance indicators of Bangladesh, 1996-2018
title_short	An exploratory analysis of economic growth and governance indicators of Bangladesh, 1996-2018
title_full	An exploratory analysis of economic growth and governance indicators of Bangladesh, 1996-2018
title_fullStr	An exploratory analysis of economic growth and governance indicators of Bangladesh, 1996-2018
title_full_unstemmed	An exploratory analysis of economic growth and governance indicators of Bangladesh, 1996-2018
title_sort	exploratory analysis of economic growth and governance indicators of bangladesh, 1996-2018
publisher	Brac University
publishDate	2021
url	http://hdl.handle.net/10361/14912
work_keys_str_mv	AT anoynewazmasud anexploratoryanalysisofeconomicgrowthandgovernanceindicatorsofbangladesh19962018 AT anoynewazmasud exploratoryanalysisofeconomicgrowthandgovernanceindicatorsofbangladesh19962018
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An exploratory analysis of economic growth and governance indicators of Bangladesh, 1996-2018

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