英语论文网

dy of Muhammad N. Islam (1998), using cointegration methodology, evidence of cointegration between export and growth was found in Bangladesh, Sri Lanka, India, Nepal, Fiji; while other countries showed evidence for causality but no cointegration was found among the 15 countries surveyed.

One of the major studies on Bangladesh, was conducted by P.J.dawson(2005), running cointegration analysis on export, import and GDP with the help of cointegration analysis for a period of 1973-2003; where significantly positive reltionships between export and growth is found. However, constraints toward successful implementation of export promoting trade policy still existant, restrains to achieve true export promoting policy. The results therefore suggested, that export-led growth hypothesis is supportive to the context of Bangladesh and trade liberalization should be continue in current pace, due to the fact, that it contributes to economic growth, in contrast to the ‘populist view', that it hinders growth. The continued improvement of trade liberalization will reduce the anti-export bias in the long run (P.J.Dawson, 2005).

3.5. Significance of further study

The pleothra of studies conducted to export-led growth phenomenon, may have applied methodology and range of data, that have been modified in recent times. The studies by Michaely M. (1976), Balassa (1977) and Maizels (1963) applied rank coeffcients to identify relationships between export and growth hypothesis, and did not apply statistical causation. Other studies by Bela Balassa, (1985); Singh and Kohli (1989) applied simple linear regression model, and did not emphasize on the time series data being unit root or not.

The empirical literature have used a wide range of definitions of “economic growth” and “export”. As export being a component of growth, many of these empirical findings were spurious, and researches tried to circumvent these problems at a later stage. This has been defined as ‘accounting identity' problem. By taking export-gdp ratio (Michaely M. , 1976; Islam M. , 1998) or gdp net of exports (Heller P. a., 1978; Islam M. , 1998), the occurances of spurious regressions were attempted to be avoided.

While econometric methodology and trade policies in the world have changed, highly in the last few decades, it is indeed, important to study the affect of export to growth is required to be tested for recent times, applying state of art econometric techniques and taking in consideration the ‘accounting identity' problems for the many important literatures still being reviewd.

While many countries have converted their policies, as one of Asia's high power economies, Bangladesh have converted their policies from inward-looking towards more outward-looking policies. The post-agricultural Bangladesh had import substituting trade policies for many years, and than converted to export-promoting trade policies. The early empirical literatures found support for export-growth hypothesis for Bangladesh. Major empirical studies such as, the one conducted by Islam, M(1998), did apply econometric methodogy, taking in consideration, the ‘accounting identity' and unit root analysis, conducted study for the period ti本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。