IDEAS home Printed from https://ideas.repec.org/a/asi/ijopss/v7y2022i2p38-54id4539.html
   My bibliography  Save this article

Economic Scratch on the Future Growth Path of Bangladesh: An ARIMA Approach

Author

Listed:
  • Refat Ferdous

Abstract

The purpose of this study is to investigate the future growth path (growth rate) of Bangladesh. Bangladesh is one of the fastest-growing nations in the world. To secure sustainable and spontaneous economic development, contentious increasing economic growth is a prerequisite. In this paper, Autoregressive Integrated Moving Average (ARIMA) model is used to track down the future growth path of Bangladesh. Time series data from year 1972 to 2018 has been utilize to predict the economic growth for year 2019 to 2028. By using the ARIMA approach it has been found that next 10 years (2019-2028) the GDP growth of Bangladesh will be reduced from the current growth rate. The average GDP growth rate from the year 2019-2026 will be clustered near 5% and in the year 2027 it will be peak by 8.77% and the following year growth rate will be consolidated by 1.39%.

Suggested Citation

  • Refat Ferdous, 2022. "Economic Scratch on the Future Growth Path of Bangladesh: An ARIMA Approach," International Journal of Publication and Social Studies, Asian Economic and Social Society, vol. 7(2), pages 38-54.
    • Handle: RePEc:asi:ijopss:v:7:y:2022:i:2:p:38-54:id:4539
    as

    Download full text from publisher

    File URL: https://archive.aessweb.com/index.php/5050/article/view/4539/7072
    Download Restriction: no
    ---><---

    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:asi:ijopss:v:7:y:2022:i:2:p:38-54:id:4539. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Robert Allen (email available below). General contact details of provider: https://archive.aessweb.com/index.php/5050/ .

    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.