Department of Economics and Banking
Permanent URI for this collectionhttp://dspace.iiuc.ac.bd/handle/88203/241
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Item Revisiting inflation and growth nexus in Bangladesh: an asymmetric cointegration based on non-linear ARDL approach(Revista Finanzas y Politíca Económica,, 2021-07) Hossain, Mohammed Akter; Acet, Hakan; Ahmed, Zobayer; Majumder, AlauddinSustainable high economic growth is the major objective of a country. In contrast, inflation is a critical issue that alters economic development. For this, the growth-inflation nexus is one of the most controversial topics in this present world. This study re-investigates the link between inflation and the economic development of Bangladesh by applying a nonlinear autoregressive distributed lagged (NARDL) method. We utilize yearly time series data set on the growth rate of per capita GDP and the inflation rate for the time range from 1986 to 2017. Based on the NARDL approach, the asymmetric cointegration result confirms, between the GDP growth and inflation rates (CPI), a long-run integration exists. Between growth rate and inflation rate, the study finds a positive and robust nexus both in the long-run and in the short-run with statistically significant results. This study further explores an asymmetric relationship between the rate of inflation and the rate of economic growth. The nonlinear ARDL approach shows that the GDP growth rate responds more with an upward change in inflation than a downward change. Furthermore, the positive change in inflations has a significant and positive influence on the growth rate in the short run. Still, the effect of an adverse change in inflations has statistically insignificant. Both the policymakers of Bangladesh (Bangladesh Bank) and development partners working in the country can be benefited from these results in the context of policy implementation. To boost the economic growth in the context of Bangladesh, this study recommends that a moderate inflation rate can be treated as a significant determinationItem Public Expenditure and Economic Growth Relationship in Developing Countries: The case of Bangladesh(Journal of Current Researches on Business and Economics,, 2020-10-15) Ahmed, Zobayer; Acet, HakanThis analysis empirically focuses on how government spending affects economic development in Bangladesh. The study uses time-series data from 1965 through 2016 from the World Development Indicators for independent variables household consumption expense, capital formation and public sector consumption spending. The Johansen co-integration test showed a long-run association among the variables. However, OLS results show that capital formation and household consumption expenditure positively and public sector consumption spending negatively affect Bangladesh's GDP. A more productive investment by the government sector may reduce government spending's adverse effects on Bangladesh's GDPItem Environmental Kuznets Curve (EKC) for Bangladesh: Evidence from Fully Modified OLS Approach(Journal Of Emerging Economies and Policy, 2021-03) Rahman, Mohammad Mahbubur; Enayet Karimb, Abu Ansar Mohammad; Ahmed, Zobayer; Acetd, HakanItem Privatization policy, entrepreneurship, and economic development: the dynamics in Bangladesh economy(Journal of Global Entrepreneurship Research, 2021-05-24) Uddin, Muhammad Salah; Ahmed, ZobayerBangladesh has been experiencing dual economic trends with and without the inclusive institution since its independence in 1971. The era of nationalization with limited property rights and a liberal economy with an inclusive institution have evolved the economic path of Bangladesh. The study aims to explore if the privatization matters for economic development through entrepreneurship and to find the outcomes of these two-policy shocks producing. The current study presented both trend analysis and econometric modeling using annual time series data from 1960 to 2017. Findings show that private property rights instigate private entrepreneurial activity more through higher GDP per capita, more capital formation, and imports of capital goods. Eventually, privatization contributes to the economic development of Bangladesh. The result of the study is new from the perspective of Bangladesh compared to the existing bulk of knowledge related to economic impacts of privatization, and thus the findings of the study are subject to offer impactful benefits to policymakers.Item Privatization policy, entrepreneurship, and economic development: the dynamics in Bangladesh economy(Journal of Global Entrepreneurship Research, 2021-05-24) Uddin, Muhammad Salah; Ahmed, ZobayerBangladesh has been experiencing dual economic trends with and without the inclusive institution since its independence in1971. The era of nationalization with limited property rights and a liberal economy with an inclusive institution have evolved the economic path of Bangladesh. The study aims to explore if the privatization matters for economic development through entrepreneurship and to find the outcomes of these two-policy shocks producing. The current study presented both trend analysis and econometric modeling using annual time series data from 1960 to 2017. Findings show that private property rights instigate private entrepreneurial activity more through higher GDP per capita, more capital formation, and imports of capital goods. Eventually, privatization contributes to the economic development of Bangladesh. The result of the study is new from the perspective of Bangladesh compared to the existing bulk of knowledge related to economic impacts of privatization, and thus the findings of the study are subject to offer impactful benefits to policymakersItem User Perception Of Mobile Banking Adoption: An Integrated Ttf-Utaut Model(Journal of Internet Banking and Commerce, 2017-12) Ahmed, Zobayer; Kader, Abdul; RASHID, Harun Ur; Nurunnabi, MohammadThis study investigates the factors influencing users’ perception on adoption of mobile banking (mBanking) services in Bangladesh from the understanding of technology perception. Exploratory factor analysis (EFA) has used as an instrument to analyze the data collected from the respondents. The established framework of integrating the task technology fit (TTF) and the unified theory of acceptance and usage of technology (UTAUT) have been applied to examine users' perception and intention in adopting mBanking services. The study shows that the most influencing factor is Social influence (SOI) in adopting mBanking. Besides, Task-technology fit (TTF), Technology characteristics (TEC), Performance expectancy (PEE), Facilitating conditions (FAC), Task characteristics (TAC), and User adoption (USE) have great influence on users’ perception and attitude towards mobile banking services. The findings of this research show a useful understanding to the decision makers to implement and develop mBanking service and help to know how it affects users’ attitude, perceptions and intention. This research provides a highlight to understand the users’ perceptions about the adoption of mBanking in Bangladesh. It emphasizes greatly on the social influence from the users understanding toward adopting mBanking services and new technologies that have been a part of modern life style.Item Revisiting inflation and growth nexus in Bangladesh: an asymmetric cointegration based on non-linear ARDL approach(Revista Finanzasy Politíca Económica, 2021-07-31) Acet, Hakan; Ahmed, Zobayer; Majumder, Alauddin; Hossain, Mohammed AkterSustainable high economic growth is the major objective of a country. In contrast, inflation is a critical issue that alters economic development. For this, the growth-inflation nexus is one of the most controversial topics in this present world. This study re-investigates the link between inflation and the economic development of Bangladesh by applying a nonlinear autoregressive distributed lagged (NARDL) method. We utilize yearly time series data set on the growth rate of per capita GDP and the inflation rate for the time range from 1986 to 2017. Based on the NARDL approach, the asymmetric cointegration result confirms, between the GDP growth and inflation rates (CPI), a long-run integration exists. Between growth rate and inflation rate, the study finds a positive and robust nexus both in the long-run and in the short-run with statistically significant results. This study further explores an asymmetric relationship between the rate of inflation and the rate of economic growth. The nonlinear ARDL approach shows that the GDP growth rate responds more with an upward change in inflation than a downward change. Furthermore, the positive change in inflations has a significant and positive influence on the growth rate in the short run. Still, the effect of an adverse change in inflations has statistically insignificant. Both the policymakers of Bangladesh (Bangladesh Bank) and development partners working in the country can be benefited from these results in the context of policy implementation. To boost the economic growth in the context of Bangladesh, this study recommends that a moderate inflation rate can be treated as a significant determination.Item Financial Development, International Trade and Economic Growth Nexus (1971-2016): Examining Bangladesh Perspective(Bangladesh Journal of Integrated Thoughts, 2022-05-25) Islam, Md. Shaidul; Faruque, Omar; Ahmed3, ZobayerStudies have examined economic growth mostly without inspecting the combined effect of international trade (IT) and financial development (FD). Considering Bangladesh's perspective, this study investigates the nexus of IT, FD, and economic growth. Time-series econometric data covering 1971-2016 are used. Econometric techniques that are used to meet the objectives are mainly the “Augmented Dickey-Fuller” for unit root test, “Johansen and Juselius” test for co-integration and popular VECM for checking long-run equilibrium relation and causality test. The exploratory findings of this study show that a long-run equilibrium relationship exists among the IT, FD and the growth of the economy. This study also finds unidirectional or one-way long-run causality from IT and FD to the economy's growth, and in the short-run, bidirectional causality is running from IT to Economic growth and Economic Growth to IT. Policies related to further FD and trade openness are suggested for accelerating the growth of Bangladesh economy.Item Blue Economy of Bangladesh: Opportunities and Challenges for Sustainable Development(Advances in Social Sciences Research Journal, Society for Science and Education, United Kingdom, 2018-08-25) Islam, Md. Khairul; Rahaman, Mahbubur; Ahmed, ZobayerThe blue economy refers to the economic activity based on maritime resources. The paper aims to explore the current scenario of sea resources of Bangladesh. Using secondary data, the study reveals that Bangladesh can accelerate its economic growth through the sustainable use of the sea resources. Moreover, Bangladesh has 710 km long coastline with 200 Nautical Miles of an exclusive economic zone inside the Bay of Bengal. Marine fisheries contribute 19.4% of the total fish production of the country. Besides, the western coastline of Cox’s Bazaar is the longest sea beach in the planet that is visited by on an average, 81% of the international tourists arrive in Bangladesh. However, due to lack of institutional capacity and given the socio-cultural context, the sustainability of the sea resources is now facing critical threats. Apart from studying the present status of sea resources, the paper proposed some way forwards based on existing opportunities and challenges for promoting sustainable development in BangladeshItem Exploring the Relationship between Customer Loyalty and Financial Performance of Banks: Customer Open Innovation Perspective(Journal of Open Innovation: Technol. Mark. Complex., 2020-10-09) Rashid, Md. Harun Ur; Nurunnabi, Mohammad; Rahman, Mahfuzur; Masud, Md. Abdul KaiumAbstract: In the age of technology, continuous innovation is the ultimate motto of the financial sectorto attract customers. Firms in the financial sector must be innovative in terms of service quality and operational performance to obtain customer loyalty and gain financial stability. A dearth of studies on customer loyalty and financial performance of Islamic Banks motivated the authors to examine the relationship between customer loyalty and financial performance. The study also explores whether the service qualities have any impact on customer loyalty. The study uses both primary and secondary data to conclude the research objectives. A survey of 356 questionnaires was carried out among the customers of the selected Islamic banks of Bangladesh to gather information regarding customer service quality and customer loyalty, while financial performance data were attained from the annual reports. Moreover, the study follows the SERVQUAL model’s five dimensions (tangibles, empathy, assurance, reliability, and responsiveness) to determine the service quality of Bangladeshi Islamic Banks. Rigorous statistical techniques, including exploratory factor analysis, reliability testing, and regression analysis were used to investigate the hypothesis. The study empirically documents a positively significant impact of service quality (tangibles, empathy, reliability, and responsiveness) on customer loyalty, while assurance shows an insignificant relationship. Furthermore, the study does not find any significant relationship between customer loyalty and the financial performance of Bangladeshi Islamic Banks. The findings of the study profoundly denote that the financial performance of Bangladeshi Islamic Banks mostly depends on many other financial and non-financial factors, rather than customer loyalty