The devastating economic situation after liberation war of Bangladesh in 1971 can again be transpired during the current as well as future democratic rulers as the state of the economic condition is currently facing possibly the most severe exigency since the macro-economic crisis of the late 1980s. The twin shocks emanating from the yawning fiscal deficit and deteriorating balance of payments have exposed the entrenched vulnerabilities of the Bangladesh economy, putting under threat the achievement of the 1990s. A large part of these stresses and strains are underpinned by the fundamental structural weaknesses which characterize the Bangladesh economy. But the pressures have been accentuated by a benign neglect in undertaking necessary reform measures to improve the competitiveness of the economy. Bangladesh is a developing country in the South Asia. Its illiterate and unskilled large population is a burden to the country. Agriculture is the main source of the income of the country. Government of the country is taking various steps to decrease poverty, but yet about one-third of people of Bangladesh are living below the national poverty line. More than half of the children of Bangladesh are underweight. The gross domestic product (GDP) is hovering around 6% for the last decade. Migrated labor and send remittances were on the increase. Conversely, inflation, government debt and GDP growth are nothing to write home about. Shortage of electricity and gas supplies, poor road network, bridges and ports, political unrest and natural calamities are major problems in national production and economic development. Debt burden of the government is increasing rapidly over time due to increase in the budget deficit. Both the internal and external debts of the government are increasing every year. Among the various obstacles, Bangladesh is advocating for poverty reduction by means of improving the quality of education and promoting gender equality. This has led to an achievement of reduction in child mortality and improvement in maternal health.
| Published in | International Journal of Economics, Finance and Management Sciences (Volume 3, Issue 3) |
| DOI | 10.11648/j.ijefm.20150303.15 |
| Page(s) | 179-193 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2015. Published by Science Publishing Group |
Capital Market, Deficit Financing, Development and Non-Development Expenditures, GDP, Inflation, Remittance
| [1] | Ahmed I, Farah QF, Salahuddin N, Chowdhury MI (2009). Inflationary trend in Bangladesh and impact on high food commodity prices, Unnayan Onneshan (The Innovators), Economic Policy Unit (EPU), Bangladesh. |
| [2] | Bangladesh Bureau of Statistics (BBS) (2007). Yearbook of agricultural statistics, Bangladesh. |
| [3] | Bangladesh Economic Update (2011a). Food prices and inflation trajectory, Economic Policy Unit, Unnayan Onneshan (The Innovators), 2(1):1–12. |
| [4] | Bangladesh Economic Update (2011b). Deft and deficit, Economic Policy Unit, Unnayan Onneshan (The Innovators), 2(7):1–25. |
| [5] | Bangladesh Economic Update (2011c). Remittance, Unnayan Onneshan (The Innovators), 2(8):1-21. |
| [6] | Chowdhury AR (1995). Is the Dhaka Stock Exchange informationally efficient? The Ban. Dev. Stu. XXIII:89-104. |
| [7] | Household Income and Expenditure Survey, HIES (2010). Preliminary report on household income and expenditure survey: statistics division, Ministry of Planning, The Government of the People’s Republic of Bangladesh. |
| [8] | Islam JN, Mohajan HK, Datta R (2012). Aspects of microfinance of Grameen Bank of Bangladesh, Int. J. Eco. and Res. 3(4): 76–96. |
APA Style
Raad Mozib Lalon, Nusrat Jahan. (2015). Impact of Macroeconomic Variables on Economic Development of Bangladesh Since Liberation War: An Empirical Study. International Journal of Economics, Finance and Management Sciences, 3(3), 179-193. https://doi.org/10.11648/j.ijefm.20150303.15
ACS Style
Raad Mozib Lalon; Nusrat Jahan. Impact of Macroeconomic Variables on Economic Development of Bangladesh Since Liberation War: An Empirical Study. Int. J. Econ. Finance Manag. Sci. 2015, 3(3), 179-193. doi: 10.11648/j.ijefm.20150303.15
AMA Style
Raad Mozib Lalon, Nusrat Jahan. Impact of Macroeconomic Variables on Economic Development of Bangladesh Since Liberation War: An Empirical Study. Int J Econ Finance Manag Sci. 2015;3(3):179-193. doi: 10.11648/j.ijefm.20150303.15
Share This Article
Twitter
Linked In
Facebook
Copy
Download@article{10.11648/j.ijefm.20150303.15,
author = {Raad Mozib Lalon and Nusrat Jahan},
title = {Impact of Macroeconomic Variables on Economic Development of Bangladesh Since Liberation War: An Empirical Study},
journal = {International Journal of Economics, Finance and Management Sciences},
volume = {3},
number = {3},
pages = {179-193},
doi = {10.11648/j.ijefm.20150303.15},
url = {https://doi.org/10.11648/j.ijefm.20150303.15},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20150303.15},
abstract = {The devastating economic situation after liberation war of Bangladesh in 1971 can again be transpired during the current as well as future democratic rulers as the state of the economic condition is currently facing possibly the most severe exigency since the macro-economic crisis of the late 1980s. The twin shocks emanating from the yawning fiscal deficit and deteriorating balance of payments have exposed the entrenched vulnerabilities of the Bangladesh economy, putting under threat the achievement of the 1990s. A large part of these stresses and strains are underpinned by the fundamental structural weaknesses which characterize the Bangladesh economy. But the pressures have been accentuated by a benign neglect in undertaking necessary reform measures to improve the competitiveness of the economy. Bangladesh is a developing country in the South Asia. Its illiterate and unskilled large population is a burden to the country. Agriculture is the main source of the income of the country. Government of the country is taking various steps to decrease poverty, but yet about one-third of people of Bangladesh are living below the national poverty line. More than half of the children of Bangladesh are underweight. The gross domestic product (GDP) is hovering around 6% for the last decade. Migrated labor and send remittances were on the increase. Conversely, inflation, government debt and GDP growth are nothing to write home about. Shortage of electricity and gas supplies, poor road network, bridges and ports, political unrest and natural calamities are major problems in national production and economic development. Debt burden of the government is increasing rapidly over time due to increase in the budget deficit. Both the internal and external debts of the government are increasing every year. Among the various obstacles, Bangladesh is advocating for poverty reduction by means of improving the quality of education and promoting gender equality. This has led to an achievement of reduction in child mortality and improvement in maternal health.},
year = {2015}
}
TY - JOUR T1 - Impact of Macroeconomic Variables on Economic Development of Bangladesh Since Liberation War: An Empirical Study AU - Raad Mozib Lalon AU - Nusrat Jahan Y1 - 2015/04/22 PY - 2015 N1 - https://doi.org/10.11648/j.ijefm.20150303.15 DO - 10.11648/j.ijefm.20150303.15 T2 - International Journal of Economics, Finance and Management Sciences JF - International Journal of Economics, Finance and Management Sciences JO - International Journal of Economics, Finance and Management Sciences SP - 179 EP - 193 PB - Science Publishing Group SN - 2326-9561 UR - https://doi.org/10.11648/j.ijefm.20150303.15 AB - The devastating economic situation after liberation war of Bangladesh in 1971 can again be transpired during the current as well as future democratic rulers as the state of the economic condition is currently facing possibly the most severe exigency since the macro-economic crisis of the late 1980s. The twin shocks emanating from the yawning fiscal deficit and deteriorating balance of payments have exposed the entrenched vulnerabilities of the Bangladesh economy, putting under threat the achievement of the 1990s. A large part of these stresses and strains are underpinned by the fundamental structural weaknesses which characterize the Bangladesh economy. But the pressures have been accentuated by a benign neglect in undertaking necessary reform measures to improve the competitiveness of the economy. Bangladesh is a developing country in the South Asia. Its illiterate and unskilled large population is a burden to the country. Agriculture is the main source of the income of the country. Government of the country is taking various steps to decrease poverty, but yet about one-third of people of Bangladesh are living below the national poverty line. More than half of the children of Bangladesh are underweight. The gross domestic product (GDP) is hovering around 6% for the last decade. Migrated labor and send remittances were on the increase. Conversely, inflation, government debt and GDP growth are nothing to write home about. Shortage of electricity and gas supplies, poor road network, bridges and ports, political unrest and natural calamities are major problems in national production and economic development. Debt burden of the government is increasing rapidly over time due to increase in the budget deficit. Both the internal and external debts of the government are increasing every year. Among the various obstacles, Bangladesh is advocating for poverty reduction by means of improving the quality of education and promoting gender equality. This has led to an achievement of reduction in child mortality and improvement in maternal health. VL - 3 IS - 3 ER -
Email: