Exploring the Nexus between Domestic Consumption of Milled Rice (DCM) and the Gross Domestic Product (GDP) of Bangladesh
Author (s)
Md. Atiqur Rahman & Md. Khalid Hassan
Abstract
Using annual data from 1960 to 2014, the aim of the current investigation is to evaluate the link between Bangladesh’s GDP and domestic consumption of milled rice (DCM). In this study, the Kwiatkowski-Phillips-Schmidt-Shin (KPSS), Augmented Dickey-Fuller (ADF), Elliott-Rothenberg-Stock (ERS), and Phillips-Perron (PP) tests were implemented to observe the stationarity of the variables. Next, the causal link is established using the Granger causality (GC) test, and the long-term association between the study’s variables is evaluated using the Johansen cointegration test. The GC test indicates that there is bidirectional causation, the Johansen co-integration test indicates that there is no long-term association between the variables, and there is no unit root between the variables, according to the experimental results of the stationary test. Therefore, the domestic consumption of milled rice (DCM) and GDP do not cointegrate over the long run.
Keywords: Domestic consumption, the Granger causality test, the Johansen co integration test, GDP, Bangladesh.
| Title: | Exploring the Nexus between Domestic Consumption of Milled Rice (DCM) and the Gross Domestic Product (GDP) of Bangladesh |
|---|---|
| Author: | Md. Atiqur Rahman & Md. Khalid Hassan |
| Journal Name: | International Journal of Science and Business |
| Website: | ijsab.com |
| ISSN: | ISSN 2520-4750 (Online), ISSN 2521-3040 (Print) |
| DOI: | https://10.5281/zenodo.7161001 |
| Media: | Online & print |
| Volume: | 17 |
| Issue: | 1 |
| Issue publication (Year): | 2022 |
| Acceptance Date: | 08/07/2022 |
| Date of Publication: | 08/10/2022 |
| PDF URL: | https://ijsab.com/wp-content/uploads/992.pdf |
| Free download: | Available |
| Page: | 21-30 |
| First Page: | 21 |
| Last Page: | 30 |
| Paper Type: | Research paper |
| Current Status: | Published |
Cite This Article:
Md. Atiqur Rahman & Md. Khalid Hassan (2022). Exploring the Nexus between Domestic Consumption of Milled Rice (DCM) and the Gross Domestic Product (GDP) of Bangladesh. International Journal of Science and Business, 17(1), 21-30. doi: https://doi.org/ 10.5281/zenodo.7161001
Retrieved from https://ijsab.com/wp-content/uploads/992.pdf
About Author (s)
Md. Atiqur Rahman (corresponding author), Lecturer in Accounting, Department of Business Administration, Pundra University of Science & Technology, Rangpur Road, Gokul, Bogura, Bangladesh.
Md. Khalid Hassan, Lecturer in Finance, Department of Business Administration, Pundra University of Science & Technology, Rangpur Road, Gokul, Bogura, Bangladesh.
DOI: https://doi.org/10.5281/zenodo.7161001