Trade Theories for Islamic Developing Countries - Bangladesh Experience
The fundamental strength of an economy lies on the availability of the low cost factors of production in comparison to other countries in the region. The growth rate in Bangladesh Ready-Made Garment industry (one of the fast growing Islamic economies) has been significantly high in the last three de...
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my.unikl.ir-52212013-12-10T01:29:14Z Trade Theories for Islamic Developing Countries - Bangladesh Experience Abdul Razak Abdul Hadi Qazi Shamin Sultana Mohamed Hisham Yahya Abu Hassan Shaari Trade Liberalization Ready-Made Garments (RMG) New Industrial Policy (NIP) Exchange Rate Regime Quantitative Restrictions (QR) Structural Adjustment Program (SAP) Economic Reformation Multi Fiber Agreement (MFA) Generalized System of Preferences (GSP) The fundamental strength of an economy lies on the availability of the low cost factors of production in comparison to other countries in the region. The growth rate in Bangladesh Ready-Made Garment industry (one of the fast growing Islamic economies) has been significantly high in the last three decades. This study is pursued with the objective of examining the effect of trade and monetary policies on the success of Ready-Made Garments industry in Bangladesh, with special attention given on the roles of India and China in the Indian subcontinent. The study employs Johansen-Juselius Co integration test and Vector Error Correction Modeling (VECM). Using yearly data from January 1990 through September 2011, this study reveals a significant long-term relationship between RMG export of Bangladesh and the four tested explanatory variables (Merchandise Export of China and India, domestic inflation in Bangladesh and Bangladesh exchange rate). The statistical results from the Granger Causality test show a presence of dynamic relationship between the performance of RMG export of Bangladesh and the fluctuation in Bangladesh exchange rates. However, this dynamic relation is non-existent in relation to factors involving merchandise export from China and India as well as domestic inflation. 2013-12-10T01:29:14Z 2013-12-10T01:29:14Z 2013-12-10 http://ir.unikl.edu.my/jspui/handle/123456789/5221 en |
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Trade Liberalization Ready-Made Garments (RMG) New Industrial Policy (NIP) Exchange Rate Regime Quantitative Restrictions (QR) Structural Adjustment Program (SAP) Economic Reformation Multi Fiber Agreement (MFA) Generalized System of Preferences (GSP) |
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Trade Liberalization Ready-Made Garments (RMG) New Industrial Policy (NIP) Exchange Rate Regime Quantitative Restrictions (QR) Structural Adjustment Program (SAP) Economic Reformation Multi Fiber Agreement (MFA) Generalized System of Preferences (GSP) Abdul Razak Abdul Hadi Qazi Shamin Sultana Mohamed Hisham Yahya Abu Hassan Shaari Trade Theories for Islamic Developing Countries - Bangladesh Experience |
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The fundamental strength of an economy lies on the availability of the low cost factors of production in comparison to other countries in the region. The growth rate in Bangladesh Ready-Made Garment industry (one of the fast growing Islamic economies) has been significantly high in the last three decades. This study is pursued with the objective of examining the effect of trade and monetary policies on the success of Ready-Made Garments industry in Bangladesh, with special attention given on the roles of India and China in the Indian subcontinent. The study employs Johansen-Juselius Co integration test and Vector Error Correction Modeling (VECM). Using yearly data from January 1990 through September 2011, this study reveals a significant long-term relationship between RMG export of Bangladesh and the four tested explanatory variables (Merchandise Export of China and India, domestic inflation in Bangladesh and Bangladesh exchange rate). The statistical results from the Granger Causality test show a presence of dynamic relationship between the performance of RMG export of Bangladesh and the fluctuation in Bangladesh exchange rates. However, this dynamic relation is non-existent in relation to factors involving merchandise export from China and India as well as domestic inflation. |
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author |
Abdul Razak Abdul Hadi Qazi Shamin Sultana Mohamed Hisham Yahya Abu Hassan Shaari |
author_facet |
Abdul Razak Abdul Hadi Qazi Shamin Sultana Mohamed Hisham Yahya Abu Hassan Shaari |
author_sort |
Abdul Razak Abdul Hadi |
title |
Trade Theories for Islamic Developing Countries - Bangladesh Experience |
title_short |
Trade Theories for Islamic Developing Countries - Bangladesh Experience |
title_full |
Trade Theories for Islamic Developing Countries - Bangladesh Experience |
title_fullStr |
Trade Theories for Islamic Developing Countries - Bangladesh Experience |
title_full_unstemmed |
Trade Theories for Islamic Developing Countries - Bangladesh Experience |
title_sort |
trade theories for islamic developing countries - bangladesh experience |
publishDate |
2013 |
url |
http://ir.unikl.edu.my/jspui/handle/123456789/5221 |
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1644484696120229888 |
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13.18916 |