Economic Growth in Bangladesh: An Econometric Investigation

Bangladesh’s sustained economic growth makes it one of the fastest growing economies. Rapid Growth has been the increasing in the journey of the Bangladesh economy over the last few decades. Albeit, Bangladesh has a strong track record of growth, the economy needs increasing growth rate for future progress. Hence, it will be helpful to discover the anatomy of economic growth of Bangladesh. It is of significance to evaluate the pattern of economic growth. The study aims to investigate the pattern of economic growth in econometric nature. A decade-wise investigation has been conducted for economic growth. To investigate the pattern of economic growth, linear trend models and time series graphs have been drawn. The study reveals that Bangladesh has demonstrated the competence to achieve significant economic growth. The positive trend of per capita GDP has proved the national endeavors to growth despite the challenges and impediments in different decades. The study suggests discovery of natural resources, proper utilization and allocation of natural resources to promote economic growth in the long run. Policies should be aimed at restraining misuse and misallocation of resources. Preferential policies should be adopted to promote manufacturing sector for its remarkable contribution to growth trajectory.