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Are environmental damage and export concentration the major threats for the long-run economic growth in Bangladesh?

Author

Listed:
  • Mohammad Mafizur Rahman
  • Eswaran Velayutham
  • Mohammad Abul Kashem

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.

Suggested Citation

  • Mohammad Mafizur Rahman & Eswaran Velayutham & Mohammad Abul Kashem, 2023. "Are environmental damage and export concentration the major threats for the long-run economic growth in Bangladesh?," PLOS ONE, Public Library of Science, vol. 18(4), pages 1-18, April.
    • Handle: RePEc:plo:pone00:0284620
    DOI: 10.1371/journal.pone.0284620
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    References listed on IDEAS

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    3. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    4. Rahman, Mohammad Mafizur & Kashem, Mohammad Abul, 2017. "Carbon emissions, energy consumption and industrial growth in Bangladesh: Empirical evidence from ARDL cointegration and Granger causality analysis," Energy Policy, Elsevier, vol. 110(C), pages 600-608.
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    7. Chirwa Themba G. & Odhiambo Nicholas M., 2016. "Macroeconomic Determinants of Economic Growth: A Review of International Literature," South East European Journal of Economics and Business, Sciendo, vol. 11(2), pages 33-47, December.
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