Total labor force and GDP of Bangladesh: an analysis in between the year 2002-2009
AbstractIn this simple analysis study author took the Data on Labor force and GDP in the years of 2002-2009 of Bangladesh and found the correlation between Labor force and GDP.After analyzing the Data set the correlation coefficient (on overall volume) value is being found that r=.96, that means there is a strong positive relationshio between x (Labor Force) and y(GDP). Besides that Correlation coefficient (On Growth Rate) value is being found r=0.19, that means LF couldn’t influence on GDP properly (all LF were no employed) and also taking into consideration that factors of GDP constant, but still there is a positive relationship between LF and GDP. After that by the theory of Individual Labor Force Contribution in GDP(ILFCin GDP ) it is established that GDP is Proportional to Laborforce[That means GDP=f(LF) ] by analyzing UK and Bangladesh’s ILFCinGDP values between the year 2002-2004.It is seen that the tendency of ILFCinGDP is increasing year by year.That mean when LF rise then the GDP also rises.Then author gave some recommendation to increase the GDP by utilizing the LF in the context of Bangladesh also in context of the whole world
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 37557.
Date of creation: 13 Feb 2012
Date of revision: 18 Mar 2012
Labor Force; GDP; Alternative Development;
Find related papers by JEL classification:
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
- A10 - General Economics and Teaching - - General Economics - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-04-03 (All new papers)
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht).
If references are entirely missing, you can add them using this form.