IDEAS home Printed from https://ideas.repec.org/a/aif/journl/v19y2023i1p118-127.html
   My bibliography  Save this article

Impacts of FDI on economic developments of Bangladesh: Considering GDP, Export and Industry Value

Author

Listed:
  • Sanzida Begum

    (Bangladesh Army University of Science and Technology, Saidpur Cantonment, Saidpur.)

  • Mehedi Hasan

    (Hajee Mohammad Danesh Science & Technology University, Dinajpur.)

  • Jabed Hossain

    (Social Islami Bank Ltd., Koyrabazar Branch, Jamalpur, Bangladesh.)

Abstract

In the age of globalization every foreign factor plays a critical part within the socio-economic improvement of each nation, in which FDI, GDP, Exports and Industry Value are always given peak precedence in developing countries like Bangladesh. The purpose of this article is to look at the affiliation between the different variables such as FDI, GDP, Exports and Industry Value in Bangladesh. This study takes after an informative inquiry based on secondary information which are basically collected from the databank of the World Bank and distributed statistical report of the Bangladesh Bank. Information on FDI inflows from 1987 to 2020 is created through the SPSS program to explore the impact of FDI on GDP, export and industry value. An experimental demonstration is collected with a correlation and regression analysis among independent variable (FDI) and three dependent variables GDP, Exports and Industry Value. The research found out that FDI inflow has positive and noteworthy impact on GDP, Export and Industry value. Based on these detections, the analysis prescribes Bangladesh to pursue large collaborations in order to maintain long-term financial development through FDI inflows, authoritative reconstruction, and a combination of public and private sector initiative.

Suggested Citation

  • Sanzida Begum & Mehedi Hasan & Jabed Hossain, 2023. "Impacts of FDI on economic developments of Bangladesh: Considering GDP, Export and Industry Value," International Journal of Science and Business, IJSAB International, vol. 19(1), pages 118-127.
    • Handle: RePEc:aif:journl:v:19:y:2023:i:1:p:118-127
    as

    Download full text from publisher

    File URL: https://ijsab.com/wp-content/uploads/2049.pdf
    Download Restriction: no
    File URL: https://ijsab.com/volume-19-issue-1/5481
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Md Arif-Ur-Rahman & Kazuo Inaba, 2021. "Foreign direct investment and productivity spillovers: a firm-level analysis of Bangladesh in comparison with Vietnam," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 10(1), pages 1-23, December.
    2. Kumar, Biplab & Sekhar, Inder, 2019. "Financial development and economic growth: panel evidence from BRICS," Journal of Economics, Finance and Administrative Science, Universidad ESAN, vol. 24(47), pages 113-126.
    3. Mina Baliamoune-Lutz, 2008. "Financial Development and Income in North Africa," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 14(4), pages 422-432, November.
    4. Mina Baliamoune-Lutz, 2008. "On Growth and Development," ICER Working Papers 13-2008, ICER - International Centre for Economic Research.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Aikaterina Oikonomou & Michael Polemis & Symeoni-Eleni Soursou, 2021. "International Environmental Agreements and CO 2 Emissions: Fresh Evidence from 11 Polluting Countries," JRFM, MDPI, vol. 14(7), pages 1-13, July.
    2. Mina Baliamoune-Lutz, 2010. "Financial Development and Income in Developing Countries," ICER Working Papers 09-2010, ICER - International Centre for Economic Research.
    3. Plaxedes Gochero & Seetanah Boopen, 2020. "The effect of mining foreign direct investment inflow on the economic growth of Zimbabwe," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 9(1), pages 1-17, December.
    4. Zouheir Abida & Imen Mohamed Sghaier & Nahed Zghidi, 2015. "Financial Development and Economic Growth: Evidence from North African Countries," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 17-33, April.
    5. Simplice A. Asongu, Nicholas M. Odhiambo, 2021. "Taxation, foreign aid and political governance in Africa," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 18(2), pages 217-249, December.
    6. Phouphet Kyophilavong & Gazi Salah Uddin & Muhammad Shahbaz, 2016. "The Nexus between Financial Development and Economic Growth in Lao PDR," Global Business Review, International Management Institute, vol. 17(2), pages 303-317, April.
    7. Kar, Muhsin & NazlIoglu, Saban & AgIr, Hüseyin, 2011. "Financial development and economic growth nexus in the MENA countries: Bootstrap panel granger causality analysis," Economic Modelling, Elsevier, vol. 28(1-2), pages 685-693, January.
    8. Phouphet KYOPHILAVONG & Gazi Salah Uddin & Muhammad Shahbaz, 2014. "The Nexus Between Financial Development and Economic Growth in Laos," Working Papers 2014-447, Department of Research, Ipag Business School.
    9. Gabriela BADAREU & Roxana BÄ‚DÃŽRCEA & Alina Georgiana MANTA & Nicoleta DORAN, 2022. "FHow Important Is the Relationship between Financial Development and Economic Growth? Bibliometric Analysis," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(24), pages 62-71, November.
    10. Uddin, Gazi Salah & Sjö, Bo & Shahbaz, Muhammad, 2013. "The causal nexus between financial development and economic growth in Kenya," Economic Modelling, Elsevier, vol. 35(C), pages 701-707.
    11. Miao Zhang & Rui Yang, 2022. "FDI and spillovers: New evidence from Malaysia’s manufacturing sector," Review of Development Economics, Wiley Blackwell, vol. 26(2), pages 847-877, May.
    12. Zahra (Mila) Elmi & Faezeh Ariani, 2011. "Financial Development and the Distribution of Income in MENA," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 16(1), pages 1-11, winter.
    13. Muhammad Tashfiq Huq & Masaru Ichihashi, 2023. "Prospective Accelerating Sectors to Attain Sustainable Development in Bangladesh Economy: Findings from a Sectoral Approach Using Input-Output Analysis," Sustainability, MDPI, vol. 15(3), pages 1-23, February.
    14. Ali M. Kutan & Nahla Samargandi & Kazi Sohag, 2017. "Does Institutional Quality Matter for Financial Development and Growth? Further Evidence from MENA Countries," Australian Economic Papers, Wiley Blackwell, vol. 56(3), pages 228-248, September.
    15. Batrancea Ioan & Rathnaswamy Malar Kumaran & Batrancea Larissa & Nichita Anca & Gaban Lucian & Fatacean Gheorghe & Tulai Horia & Bircea Ioan & Rus Mircea-Iosif, 2020. "A Panel Data Analysis on Sustainable Economic Growth in India, Brazil, and Romania," JRFM, MDPI, vol. 13(8), pages 1-19, August.
    16. Seema Singha & Soma Roy Dey Choudhury & Brajesh Kumar, 2022. "Foreign direct investments and spillover effect on entrepreneurial activities in India: an empirical study," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 12(1), pages 423-439, December.
    17. Agne Setikiene & Mindaugas Butkus, 2021. "The Heterogeneous Impact of Financialisation on Economic Growth in the Long Run," JRFM, MDPI, vol. 14(5), pages 1-30, May.
    18. Abdoulganiour Almame Tinta & Salifou Ouedraogo & Noel Thiombiano, 2021. "Nexus between economic growth, financial development, and energy consumption in Sub‐Saharan African countries: A dynamic approach," Natural Resources Forum, Blackwell Publishing, vol. 45(4), pages 366-379, November.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aif:journl:v:19:y:2023:i:1:p:118-127. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Farjana Rahman (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.