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This paper takes a close look at the exchange rate and economic growth nexus in Bangladesh for the period 1985-2012 using time series analysis, considering Exchange Rate, FDI, Trade Openness, and Portfolio Equity as explanatory variables and linkage with GDP. We employed Johansen-Juselius cointegration test, multivariate Granger Causality and ADF a...
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Citations
... In the relationship between tax revenue and nancial development, the literature is dominated by three schools of thought, rst, the tax revenue-led nancial development view (Alom, 2018(Alom, , 2015; second, the nancial development-led tax revenue perspective and third, the feedback hypothesis concerning both tax revenue and nancial development. Among these three views, the most popular and prominent view is that tax revenue lead to nancial sector development, and the ultimate goal is sustainable economic growth (Volckaert, 2016;Ismail et al., 2017). ...
This paper sheds light on digital financial development and its impact on the Tax-to-GDP ratio for the five South Asian countries. The panel pooled mean group, mean group, augmented mean group, and Dumitrescu Hurlin causality models applied to investigate long-run and short run relationship among the variables from 1990 to 2021. The results reveal that digital financial development significantly and robustly impacts the Tax-to-GDP ratio of the South Asian Countries in the long run. However, traditional financial development has failed to impact the region's Tax-to-GDP ratio significantly. The causality test results confirmed that digital financial development has a bi-directional causal link with the tax-to-GDP ratio in the short run. The governance indicator, rule of law also played a decisive moderating role in digital financial development to improve the Tax-to-GDP ratio for South Asian countries. The findings of GMM and DOLS are also constituent that digital financial development has a substantial and positive impact on Tax-to-GDP ratio. Thus, policymakers should be concerned about digitalizing financial sector activities to improve the tax-to-GDP ratio in the region through monitoring and tracking transactions.
This paper explores the role of scientific publications along with sectoral value addition on economic growth in Bangladesh over the period 2000-2020. The Johansen co-integration test is applied to investigate the long-run relationship among the variables. Granger causality test examines short-run relationship among the variables. The FMOLS model is also applied to confirm robustness check in this study. The empirical findings show that a strong long-run co-integration relationship exists among economic growth, scientific publications, and other explanatory variables in this study. The Granger causality test reveals bidirectional causality running from agriculture value added to services value added. Whereas, unidirectional causality exists among the variables of scientific publications to GDP per capita, scientific publications to manufacturing value added, services value added to scientific publications, GDP per capita to industry value added, services value added to GDP per capita, manufacturing value added to industry value added, services value added to manufacturing value added in the short run. The impulse response function implies that shock applies on scientific publications affects economic growth negatively. So, the policy makers of Bangladesh should emphasise on scientific publications by increasing investment on RnD to reach the status of middle-income country through sustainable sectoral development.
