ISSN: IJSB: 2520-4750 (Online), 2521-3040 (Print) JSR : 2708-7085 (online)

Impact of Selected Factors on International Trade of Bangladesh: An Empirical Analysis

 Author (s)

Abdullah Bin Zafar

Abstract

International trade is a vital driver of economic development for nations worldwide, and Bangladesh, as a developing country in South Asia, strategically utilizes trade as a key element in its economic growth agenda. This paper examines the impact of internal factors on Bangladesh’s international trade, employing Ordinary Least Squares (OLS) regression analysis to analyze data spanning from 2000 to 2022. The study focuses on factors such as GDP, inflation, real interest rates, unemployment rates, government expenditure, population growth, remittance inflows, government expenditure in education, macroeconomic management, and tariff rates. The results reveal a strong statistical significance between the predictors and Bangladesh’s international trade volume. Notably, personal remittances, government expenditure in education, and macroeconomic management index exhibit significant influence on international trade. The findings provide valuable insights for policymakers and stakeholders to enhance Bangladesh’s trade performance, contributing to its sustainable economic development.

Keywords: International Trade, Bangladesh, Economic Development, OLS Regression, Macroeconomic Factors, Emerging Economies, Macroeconomic Management.

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Title: Impact of Selected Factors on International Trade of Bangladesh: An Empirical Analysis
Author: Abdullah Bin Zafar
Journal Name: International Journal of Science and Business
Website: ijsab.com
ISSN: ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI: https://doi.org/10.58970/IJSB.2353
Media: Online
Volume: 35
Issue: 1
Issue publication (Year): 2024
Acceptance Date: 22/03/2024
Date of Publication: 31/03/2024
PDF URL: https://ijsab.com/wp-content/uploads/2353.pdf
Free download: Available
Page: 30-47
First Page: 30
Last Page: 47
Paper Type: Research paper
Current Status: Published

 

Cite This Article:

Abdullah Bin Zafar (2024). Impact of Selected Factors on International Trade of Bangladesh: An Empirical Analysis. International Journal of Science and Business, 35(1), 30-47. DOI: https://doi.org/10.58970/IJSB.2353

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About Author (s)

Abdullah Bin Zafar, Department of International Business, University of Dhaka, Dhaka, Bangladesh.

 

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DOI: https://doi.org/10.58970/IJSB.2353

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