Total labor force and GDP of Bangladesh: an analysis in between the year 2002-2009
In 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
|Date of creation:||13 Feb 2012|
|Date of revision:||18 Mar 2012|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:37557. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)
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 references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.