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Impacts of Foreign Direct Investment on Economic Growth of Bangladesh: An Econometric Exercise

Author

Listed:
  • Dey, Sudip

    (Premier University)

  • Awal, Badrul Hasan

    (Premier University)

Abstract

Economic Growth is a concerning issue for the development of Bangladesh. Foreign direct investment (FDI) is a potential weapon for economic development, especially for Bangladesh. It can help us to build up physical capital, decrease unemployment rate, increase production capacity and create a good economic relationship between the domestic economy with global economy .This study examines the impacts of foreign direct investment on economic growth in Bangladesh during the period of 1990-2015 by using Ordinary Least Square (OLS) method. The findings of the study reveal that FDI has its negative signs, which indicates that there is inverse relationships between FDI and economic growth.The negative sign of FDI support that Bangladesh should attract FDI by increasing human capital, creating a good political environment and enhancing adequate infrastructure facilities, which will improve our economic growth.

Suggested Citation

  • Dey, Sudip & Awal, Badrul Hasan, 2017. "Impacts of Foreign Direct Investment on Economic Growth of Bangladesh: An Econometric Exercise," Asian Business Review, Asian Business Consortium, vol. 7(2), pages 71-78.
    • Handle: RePEc:ris:asbure:0037
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    Citations

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    Cited by:

    1. Manasseh Charles O. & Nwakoby Ifeoma C. & Okanya Ogochukwu C. & Ifediora Chuka U. & Nzidee Williams A., 2023. "The Impact of Foreign Direct Investment and Oil Revenue on Economic Growth in Nigeria," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 33(3), pages 61-85, September.
    2. Christian Agu, 2024. "Moderating Effect Of State Fragility On The Globalisation: Economic Growth Nexus In Sub-Saharan Africa," Journal of Academic Research in Economics, Spiru Haret University, Faculty of Accounting and Financial Management Constanta, vol. 16(2 (July)), pages 239-264.
    3. Jasnine MOGEM KOUAM & Luc NEMBOT NDEFFO & Mathurin Aimé MEKAM POUATCHA, 2020. "Foreign Direct Investment-Trade nexus in sub-Saharan Africa: Does the institutional quality matter?," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 2, pages 5-14.
    4. Mohammad Mushfiqul Haque MUKIT & Assim Ibrahim ABDEL-RAZZAQ & Mohammad Safiqul ISLAM, 2020. "Relationship between Unemployment and Macroeconomics Aggregates: Evidence from Bangladesh," Journal of Economics and Financial Analysis, Tripal Publishing House, vol. 4(2), pages 45-61.

    More about this item

    Keywords

    Economic Growth; Remittance; FDI; Export; Import; Inflation; Multiple regression;
    All these keywords.

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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