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What is External Dependency and Economic Growth about?

This study investigates the impact of external dependency on economic growth in Bangladesh, utilizing an Auto-Regressive Distributed Lag (ARDL) approach with data from 1976 to 2021. It finds that foreign remittances, foreign direct investment, exports, and foreign aid positively influence economic growth, while external debt and imports have a negative effect. The research emphasizes the need for policymakers to enhance socioeconomic infrastructure and create a favorable environment for international trade

Author

Mahamuda Firoj

Language

EN