Department of Economics and Bankinghttp://dspace.iiuc.ac.bd:8080/xmlui/handle/88203/2412024-03-29T13:47:31Z2024-03-29T13:47:31ZRevisiting inflation and growth nexus in Bangladesh: an asymmetric cointegration based on non-linear ARDL approachHossain, Mohammed AkterAcet, HakanAhmed, ZobayerMajumder, Alauddinhttp://dspace.iiuc.ac.bd:8080/xmlui/handle/123456789/33812022-06-30T03:56:35Z2021-07-01T00:00:00ZRevisiting inflation and growth nexus in Bangladesh: an asymmetric cointegration based on non-linear ARDL approach
Hossain, Mohammed Akter; Acet, Hakan; Ahmed, Zobayer; Majumder, Alauddin
Sustainable 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
2021-07-01T00:00:00ZCircular economy model for developing countries: evidence from BangladeshAhmed, ZobayerMahmud, SakibAcet, Hakanhttp://dspace.iiuc.ac.bd:8080/xmlui/handle/123456789/33802022-06-30T03:44:11Z2018-05-01T00:00:00ZCircular economy model for developing countries: evidence from Bangladesh
Ahmed, Zobayer; Mahmud, Sakib; Acet, Hakan
From environmental and sustainable development perspective, circular economy model is rarely applied in developing countries compared to developed nations. The aim of this paper is to review the overall scenario of the circular economy (CE) model in Bangladesh toward sustainable development. The study relies on the descriptive analysis of both qualitative and quantitative data, collected mostly from secondary sources with some in-depth interviews of the experts in the relevant field. The overall environmental status of Bangladesh, prospects, prac- tices, and challenges of the circular economy model were thoroughly discussed in this paper. Though there are prospects to switching towards CE, the study reveals that the CE model's applicability is very limited in Bangladesh, being exercised mostly through recycling processes in some industries. Most importantly, we attempted to explore what is holding the CE practice in Bangladesh back, and iterated some policy, technical, and public participation barriers existing in Bangladesh. This paper will benefit the policymakers in developing countries in general and Bangladesh in particular to look more into the matter and hope to present ideas for future researchers to work on the idea of CE in the context of particular sectors and subsectors of Bangladesh.
2018-05-01T00:00:00ZCriticisms of Coase Theorem: Can Ethical Strength of the Parties Ensure Efficient Resource Allocation?Ahmed, Zobayerhttp://dspace.iiuc.ac.bd:8080/xmlui/handle/123456789/33792022-06-30T03:32:50Z2016-06-01T00:00:00ZCriticisms of Coase Theorem: Can Ethical Strength of the Parties Ensure Efficient Resource Allocation?
Ahmed, Zobayer
Ronald Harry Coase (1910–2013), a British economist and author in his famous Coase Theorem states, As long as private property rights are well defined under zero transaction cost, exchange will eliminate divergence and lead to efficient use of resources or highest valued use of resources.‟ The theorem has greater implications to internalize the externalities through market mechanism. However, the theorem has been criticized by environmental economists since the fundamental flaws of the theorem lie under the invalidity of its assumptions in the reality. Specially, in the presence of environmental externality, the assumptions of the theorem are not valid. This paper focuses on the role of parties in transaction where environmental externality exists, from the perspective of Islamic ethics. The paper argues, in the presence of negative externality where the assumptions of Coase Theorem are not applicable, the internalization of externality can still be possible without any government intervention. Such internalization is related to the ethical strengths of the parties involved in the environmental pollution. The paper further argues, the efficiency of resource utilization is positively related with the ethical strength of the parties in the market.
2016-06-01T00:00:00ZPublic Expenditure and Economic Growth Relationship in Developing Countries: The case of BangladeshAhmed, ZobayerAcet, Hakanhttp://dspace.iiuc.ac.bd:8080/xmlui/handle/123456789/33782022-06-27T10:09:03Z2020-10-15T00:00:00ZPublic Expenditure and Economic Growth Relationship in Developing Countries: The case of Bangladesh
Ahmed, Zobayer; Acet, Hakan
This 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 GDP
Research Article
2020-10-15T00:00:00Z