FOREIGN DIRECT INVESTMENT IN BANGLADESH: ANALYSIS OF SECTOR WISE IMPACT ON ECONOMY
Journal Title: Asian Journal Social Sciences & Humanities - Year 2018, Vol 7, Issue 4
Abstract
Foreign direct investment is an important indicator of economic growth in any country especially developing and under developing countries which can make substantial progress in reducing poverty, supported by sustainable economic growth. Furthermore, the attraction in sector-wise investment in a country may generate a higher GDP growth rate. Keeping it in cognizance, this study examines the impact of sector-wise foreign investment on the economy of Bangladesh. To achieve the aim, Foreign Direct Investment data were collected from the survey report (2017) of the statistics department, Bangladesh Bank and Bangladesh economic review. For the fruitful study, the research work used descriptive analyses and multiple regression analyses to determine the impact of sector-wise FDI on economic growth. The growth rate over last 17 years of the foreign investment analysis indicates that highest growth was taken place in ‘Manufacturing’ sector followed by ‘Trade & Commerce’ and ‘Transport, Storage & Communication’ sectors which amount the rate 46.34, 21.74 and 21.66 per annum respectively. Whereas the multiple regression analyses indicate that FDI in the sector of ‘Services’, ‘Trade & Commerce’ and ‘Transport, Storage & Communication’ had the statistically significant effect on economic growth in Bangladesh. This finding suggests that a large part of the outcome of foreign investment may be due to the structuring influence of investment in trade, transport and energy sector in the forms of production.
Authors and Affiliations
M. E. Hossain, I. Sultana, Md. S. Uddin, M. N. Hoq, Md. Ibrahim
Keywords
Related Articles
- EP ID EP628432
- DOI -
- Views 85
- Downloads 0
GENDER DIFFERENCES IN PREVALENCE AND PATTERN OF CONDUCT DISORDER AMONG ADOLESCENT SECONDARY SCHOOL STUDENTS IN SOUTH EAST NIGERIA
Background: Conduct Problems are common among Adolescents. They may lead to risky behaviors later in life. This study sets out to assess the gender differences in prevalence and pattern of conduct disorders among seconda...
Sense of Community among Palestinians
The current study examined the state of sense of community (SOC) in the Palestinian society as a multidimensional phenomenon. A national representative stratified sampling survey design consisted of three hundred eighty-...
BREAKING TABOO IN MEDIA CONCERNING BREAST AND CERVICAL CANCER
Communication about health in general and cancer in particular is much like any other sort of goal-directed communication. In many ways, communication about cancer and cancer control is a restricted subset of hea...
INFLUENCE OF WEB ADVERTISING ON CONSUMER BEHAVIOUR IN MAIDUGURI METROPOLIS, NIGERIA
The study investigates the influence of web advertising on consumers in Maiduguri Metropolis. 150 questionnaires were distributed randomly to respondents scattered in the two Local Government Areas that made u...
THE LAWYERS MOVEMENT FOR JUDICIAL INDEPENDENCE IN PAKISTAN: A STUDY OF MUSHARRAF REGIME
The main objective of the paper is to highlight thestruggle of the lawyers for judicial independence in Pakistan. As an institution judiciary should be independent and free from all influences but the authoritar...