The Remittance, Foreign Direct Investment, Export, and Economic Growth in Bangladesh: A Time Series Analysis

Abstract

This research empirically examined the effect of internal and external factors on the economic growth of Bangladesh using the annual data from 1976 to 2019. ARDL bounds tests were used to detect cointegration and understand the dynamic effect. This study mainly identified the positive and negative casualties because remittance and export have a significant positive role, and FDI has an adverse role in the economic growth process. Furthermore, this study recommends that the government take appropriate steps to increase export, the inflow of remittance and FDI to achieve long-run economic growth, considering the impact of COVID-19 and present Russia-Ukraine war.