Revealing major macroeconomic growth factors for an emerging economy: evidence from half-century of economic resilience

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F25%3A106232" target="_blank" >RIV/60460709:41110/25:106232 - isvavai.cz</a>

Result on the web

<a href="https://link.springer.com/article/10.1007/s43621-025-01422-3?utm_source=getftr&utm_medium=getftr&utm_campaign=getftr_pilot&getft_integrator=clarivate" target="_blank" >https://link.springer.com/article/10.1007/s43621-025-01422-3?utm_source=getftr&utm_medium=getftr&utm_campaign=getftr_pilot&getft_integrator=clarivate</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1007/s43621-025-01422-3" target="_blank" >10.1007/s43621-025-01422-3</a>

Result language

angličtina

Original language name

Revealing major macroeconomic growth factors for an emerging economy: evidence from half-century of economic resilience

Original language description

Bangladesh's economic transformation over the past 50 years, from one of the world's poorest nations to an emerging middle-income economy, provides a compelling context for analysing macroeconomic growth factors. This study aims to identify key determinants of Bangladesh's economic growth, examining how variables such as foreign direct investment (FDI), government expenditure, trade openness, inflation, exchange rates, and official aid have influenced growth over the long and short term. Using an autoregressive distributed lag (ARDL) bounds testing approach, the study leverages 50 years of time-series data to explore the dynamic relationships between these macroeconomic factors and economic growth. The findings reveal that FDI, government consumption, and trade openness significantly boost economic growth, while inflation and exchange rate appreciation exert negative effects. Diagnostic tests confirm the model's robustness, with stability tests indicating consistent parameter reliability across the sample period. However, this research is limited by the use of secondary data and potential measurement biases, suggesting the need for primary data in future studies. The study holds practical implications for policymakers, offering evidence-based recommendations to attract sustained FDI, manage inflation and exchange rate stability, and optimise aid utilisation. By comprehensively examining Bangladesh's macroeconomic landscape, this research adds original insights into the resilience factors underpinning emerging economies, contributing valuable guidance for policy initiatives to foster sustainable growth.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

—

Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2025

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Discover Sustainability

ISSN

2662-9984

e-ISSN

2662-9984

Volume of the periodical

6

Issue of the periodical within the volume

1

Country of publishing house

CH - SWITZERLAND

Number of pages

25

Pages from-to

1-25

UT code for WoS article

001522892400015

EID of the result in the Scopus database

2-s2.0-105010009098