Ready-made garments exports earning and its contribution to economic growth in Bangladesh

Islam, Md. Saiful

doi:10.1007/s10708-019-10131-0

Cited by 47 publications

(59 citation statements)

References 6 publications

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“…That means, export of RMG causes GDP growth and export of RMG also caused by GDP growth. But this result contradicts the result found by Islam (2020) who detected a unidirectional causality stemming from export of RMG to GDP growth.…”

Section: Resultscontrasting

confidence: 96%

“…It suggests that, RMG export is positively linked with GDP growth of Bangladesh. This result is accordant with the findings of Islam (2020) and Islam et al (2016). To check the robustness of the results retrieved from FMOLS estimator, Dynamic Ordinary Least Squares (DOLS) approach is also used.…”

Section: Resultssupporting

confidence: 93%

“…This section tried to render a brief inspection of previous theoretical and empirical studies relevant to this topic and to exhibit the overall scenario and contribution of the RMG sector of Bangladesh to its economic development. Islam (2020) has explored the contribution of ready-made garments exports earning to economic growth in Bangladesh using time-series annual data from 1986 to 2018. The study applied ARDL bound testing approach and pairwise Granger causality test.…”

Section: Literature Reviewmentioning

confidence: 99%

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Contribution of Ready-Made Garments Industry on the Economic Development of Bangladesh: An Empirical Analysis

Majumder

Ferdaus

2020

The Economics and Finance Letters

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The Ready-Made Garments (RMG) industry holds a strong position in boosting Bangladesh's economy through earning external currencies, contributing in Gross Domestic Product (GDP) and generating employment most notably. Secondary data based this study intended to draw the overall scenario and the growth trend of this industry, mainly to empirically analyze the contribution of ready-made garments industry on the economic development of Bangladesh. The results obtained from the Fully Modified Ordinary Least Squares (FMOLS) model reveal that, ready-made garments export significantly increases gross domestic product growth of Bangladesh. Results of Granger causality test affirmed the appearance of bidirectional causal association between gross domestic product growth and ready-made garments export. Though tremendous growth is achieved in last few decades, but some severe problems are prevailing in this sector those are highly responsible for the declining trend of the contribution of ready-made garments export to Bangladesh's gross domestic product for last five years. Therefore, it is highly recommended to take initiatives for attracting foreign direct investments, making investment friendly monetary and fiscal policies, minimizing dependency on foreign countries for technical and financial support and most importantly for ensuring the safety of workplace. Contribution/Originality: The paper's primary contribution is finding that export of RMG has a significant positive impact on the economic development of Bangladesh employing FMOLS technique and this finding may be beneficial for the RMG industry to initiate imperative steps to produce international quality standard products for more export earnings. which was once termed as a 'bottomless basket' by cynics (Rahman & Ehasan, 2017). Currently in the world market, RMG sector is known as the top representative of Bangladesh (Adnan, Rakib, & Rahman, 2015).

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Section: Resultscontrasting

confidence: 96%

Section: Resultssupporting

confidence: 93%

Section: Literature Reviewmentioning

confidence: 99%

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Contribution of Ready-Made Garments Industry on the Economic Development of Bangladesh: An Empirical Analysis

Majumder

Ferdaus

2020

The Economics and Finance Letters

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“…The more the RMG exports earning, the more will be the total export as well as economic growth. Islam [19] also reported similar findings that the RMG export earnings significantly improves the economic growth rate where Islam et al [20] only showed a positive association between RMG export and total export.…”

Section: Basic Descriptive Analysismentioning

confidence: 58%

Export Trend of Ready Made Garments (RMG) Sector of Bangladesh

Hossain

Uddin

2021

J. Sci. Res.

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Ready-Made Garments (RMG) sector has greater importance than any other sector in Bangladesh in terms of growth, employment, foreign exchange earnings and Gross Domestic Product (GDP). The objective of this study is to determine the export trend of the RMG sector in Bangladesh by using different trend models. To serve the objectives of the study, time-series data of RMG sectors has been used for the period 1985-2018. Among several trend models, the Semi-log Parabolic Trend model is found to be the best-fitted model for determining the trend of RMG exports. From the empirical results of the study, it is observed that RMG exports have a significant upward trend for the period 1985-2018 with a growth rate of 8.76 % in 2018. The forecasted RMG export will be nearly 31712.82 million USD in the financial year 2022-23. The findings of the study will help the government, NGO’s and policymakers to undertake necessary steps for the progress of this sector.

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“…This RMG sector individually has contributed to 11.17% of the total GDP and makes Bangladesh the second-largest global exporter in the RMG sector [31]. The economic growth of this country is enormously linked to the development of this RMG sector [80]. Hence, the country's RMG sector possesses great potential to grow further.…”

Section: Implications For Growth Management and Natural Hazardsmentioning

confidence: 99%

How Does Peri-Urbanization Trigger Climate Change Vulnerabilities? An Investigation of the Dhaka Megacity in Bangladesh

Mortoja

Yiğitcanlar

2020

Remote Sensing

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This paper aims to scrutinize in what way peri-urbanization triggers climate change vulnerabilities. By using spatial analysis techniques, the study undertakes the following tasks. First, the study demarcates Dhaka’s—the capital of Bangladesh—peri-urban growth pattern that took place over the last 24-year period (1992–2016). Afterwards, it determines the conformity of ongoing peri-urban practices with Dhaka’s stipulated planning documents. Then, it identifies Dhaka’s specific vulnerabilities to climate change impacts—i.e., flood, and groundwater table depletion. Lastly, it maps out the socioeconomic profile of the climate change victim groups from Dhaka. The findings of the study reveal that: (a) Dhaka lacks adequate development planning, monitoring, and control mechanisms that lead to an increased and uncontrolled peri-urbanization; (b) Dhaka’s explicitly undefined peri-urban growth boundary is the primary factor in misguiding the growth pockets—that are the most vulnerable locations to climate change impacts, and; (c) Dhaka’s most vulnerable group to the increasing climate change impacts are the climate migrants, who have been repeatedly exposed to the climate change-triggered natural hazards. These study findings generate insights into peri-urbanization-triggered climate change vulnerabilities that aid urban policymakers, managers, and planners in their development policy, planning, monitoring and control practices.

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Ready-made garments exports earning and its contribution to economic growth in Bangladesh

Cited by 47 publications

References 6 publications

Contribution of Ready-Made Garments Industry on the Economic Development of Bangladesh: An Empirical Analysis

Contribution of Ready-Made Garments Industry on the Economic Development of Bangladesh: An Empirical Analysis

Export Trend of Ready Made Garments (RMG) Sector of Bangladesh

How Does Peri-Urbanization Trigger Climate Change Vulnerabilities? An Investigation of the Dhaka Megacity in Bangladesh

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