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The Growth Explains its Reasons Itself: From the Retrospect of Bangladesh Economy

Author

Listed:
  • Akter, Farzana

    (East West University)

  • Rahman, A.S.M. Habibur

    (East West University)

Abstract

Bangladesh, a country with a potential economic growth had a rich agro-based economy before & after its independence. Being one of the most heavily populated countries of the world, it had to face several development challenges. Accelerated growth was just a demand of time that was pushing the whole economy towards Industrial & Service Sector where growth could be achieved swiftly. This research was performed to portray the structural transition in the economy of Bangladesh after independence. GDP at a constant price was used to represent The Growth of the economy. Step by step, the decomposition method was used to split GDP to the bottom & to get the most influential sectors & sub-sectors and their recent trends. The findings from decomposition method were supported by linear regression. A detail & authentic dataset (42 years) was used to clarify the transition to the economy.

Suggested Citation

  • Akter, Farzana & Rahman, A.S.M. Habibur, 2015. "The Growth Explains its Reasons Itself: From the Retrospect of Bangladesh Economy," Asian Business Review, Asian Business Consortium, vol. 5(2), pages 54-59.
    • Handle: RePEc:ris:asbure:0076
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    More about this item

    Keywords

    Growth; GDP; Transition; Bangladesh; Agriculture; Industry; Service;
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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