Impacts of FDI on economic developments of Bangladesh: Considering GDP, Export and Industry Value

Sanzida Begum, Mehedi Hasan and Jabed Hossain
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Sanzida Begum: Bangladesh Army University of Science and Technology, Saidpur Cantonment, Saidpur.
Mehedi Hasan: Hajee Mohammad Danesh Science & Technology University, Dinajpur.
Jabed Hossain: Social Islami Bank Ltd., Koyrabazar Branch, Jamalpur, Bangladesh.

International Journal of Science and Business, 2023, vol. 19, issue 1, 118-127

Abstract: In the age of globalization every foreign factor plays a critical part within the socio-economic improvement of each nation, in which FDI, GDP, Exports and Industry Value are always given peak precedence in developing countries like Bangladesh. The purpose of this article is to look at the affiliation between the different variables such as FDI, GDP, Exports and Industry Value in Bangladesh. This study takes after an informative inquiry based on secondary information which are basically collected from the databank of the World Bank and distributed statistical report of the Bangladesh Bank. Information on FDI inflows from 1987 to 2020 is created through the SPSS program to explore the impact of FDI on GDP, export and industry value. An experimental demonstration is collected with a correlation and regression analysis among independent variable (FDI) and three dependent variables GDP, Exports and Industry Value. The research found out that FDI inflow has positive and noteworthy impact on GDP, Export and Industry value. Based on these detections, the analysis prescribes Bangladesh to pursue large collaborations in order to maintain long-term financial development through FDI inflows, authoritative reconstruction, and a combination of public and private sector initiative.

Keywords: FDI; GDP; Export; Industry Value; Economic Growth; Bangladesh (search for similar items in EconPapers)
Date: 2023
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