FDI-growth and trade-growth relationships during crises:evidence from Bangladesh  

作　　者：Bibhuti Sarker 

机构地区：[1]Department of Economics,University of Manitoba,Winnipeg,MB,R3T 5V5,Canada [2]Department of Economics,BSMRSTU,Gopalganj,8100,Bangladesh

出　　处：《Financial Innovation》2024年第1期2799-2827,共29页金融创新(英文)

摘　　要：This study examines foreign direct investment(FDI)-growth and trade-growth relationships in Bangladesh during three major crises:the economic crisis of 2007-2008,the commodity crisis of 2016,and the coronavirus(COVID-19)pandemic of 2020.The augmented autoregressive distributed lag(AARDL)bounds testing approach and Bayer and Hanck cointegration are employed on time-series data spanning the period 1974-2020.The results suggest that exports have positive effects on economic growth,while imports have insignificant effects in both the short run and long run.Total trade(the sum of exports and imports)has a positive but weakly significant effect on economic growth only in the long run,whereas FDI exhibits a positive effect in both the short run and long run.Although the crises are not found to affect economic growth directly or through trade(i.e.,no dampening effect on trade-led growth),they are found to distort FDI-led growth in both the short run and long run.As robustness tests for long-run elasticities,the fully modified ordinary least squares(FMOLS)and dynamic ordinary least squares(DOLS)cointegration techniques are implemented,yielding results similar to those obtained with the AARDL.

关 键 词：Crises Trade-led growth FDI-led growth Augmented ARDL BANGLADESH 

分 类 号：F75[经济管理—国际贸易]