Towards Constructing a Dynamic Model of Economics for Investigating Investment and Production in Bangladesh

Akram Hossain Md.

doi:doi:10.11648/j.ijefm.20170502.13

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Towards Constructing a Dynamic Model of Economics for Investigating Investment and Production in Bangladesh

Akram Hossain Md.

Published in International Journal of Economics, Finance and Management Sciences (Volume 5, Issue 2)

Received: 24 November 2016 Accepted: 17 December 2016 Published: 26 January 2017

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Abstract

The main objective of this paper is to investigate how the per capita GDP growth rate reaches near about 7%. Bangladesh is treated asa role model of development. This is why it is analyzed in this article the relationship between gross domestic product and investments and proven on the basis of econometric models. Model of GDP determination is built on the basis of Solow model with the help of Cobb-Douglas production function. In order to calculate the effectiveness of attracting more investment into production in Bangladesh a dynamic econometric model constructed using Solow model. This model is estimated by OLS method for Bangladesh. The model shows a production function with decreasing return to scale. Despite this fact per capita GDP growth rate is near about 7%. It isthe constant or efficiency factor which is very high, it is 18.53. This is why the per capita growth rate is near about 7%.This is why Bangladesh reaches a lower middle income country and by 2041 it is likely to be a rich country.

Published in	International Journal of Economics, Finance and Management Sciences (Volume 5, Issue 2)
DOI	10.11648/j.ijefm.20170502.13
Page(s)	98-101
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2017. Published by Science Publishing Group

Keywords

EPZ, Investment, Consumption, Capital Resources, Elasticity of Capital, the Main Production Funds, Human Resources, Dynamic Economic Model

References

[1]	Hollis B, Chenery (1979). Structural change and development policy.
[2]	BurkhanovAktam (2016). Econometric model of attracting investment into production in Uzbek industry: volume 5, version 1, IOSR-JEF Sep-Oct 2016.
[3]	Keynes J. M (1993). Selected works.-M. Economics.-pp. 224-518.
[4]	Singer, H. W. (1949). Economic progress in underdeveloped countries. Social Research, 1-11.
[5]	Jones, H. G. (1975). An introduction to modern theories of economic growth. London: Nelson, pp, 62-65.
[6]	Robert J. Barro, Xavier Sala-I-Martin (2003):Economic growth, New York: McGraw-Hill, Inc.-pp 158-159.
[7]	Blanchard, Olivier (2003). Macroeconomics. Third Edition. Pearson Education Inc; Prentice Hall p, 52.
[8]	Mankiw. N. Gregory (2007). Principles of Macroeconomics, 4th edition, Thomson South-Western-p 346-3 South-Western.-pp. 346-347.
[9]	Chepel. S. V. (2014). Systematic analysis and modeling of perspective of sustainable development of national economy of Uzbekistan, Monograph,-Tashkent: IFMR,-pp 120-122.
[10]	Koutsoyiannis, A. (1985). Modern Microeconomics, 2nd edition.
[11]	Industry of Uzbekstan.-Tashkent: State Statistics Committee of the republic of Uzbekstn, 2006-2015.
[12]	World Development Indicator. Source Internet.
[13]	IMF(http://www.imf.org/external/pubs/ft/weo/2016/02/weodata/weoselser.aspx?c=513&t=1.)

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Akram Hossain Md. (2017). Towards Constructing a Dynamic Model of Economics for Investigating Investment and Production in Bangladesh. International Journal of Economics, Finance and Management Sciences, 5(2), 98-101. https://doi.org/10.11648/j.ijefm.20170502.13

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ACS Style

Akram Hossain Md. Towards Constructing a Dynamic Model of Economics for Investigating Investment and Production in Bangladesh. Int. J. Econ. Finance Manag. Sci. 2017, 5(2), 98-101. doi: 10.11648/j.ijefm.20170502.13

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AMA Style

Akram Hossain Md. Towards Constructing a Dynamic Model of Economics for Investigating Investment and Production in Bangladesh. Int J Econ Finance Manag Sci. 2017;5(2):98-101. doi: 10.11648/j.ijefm.20170502.13

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@article{10.11648/j.ijefm.20170502.13,
  author = {Akram Hossain Md.},
  title = {Towards Constructing a Dynamic Model of Economics for Investigating Investment and Production in Bangladesh},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {5},
  number = {2},
  pages = {98-101},
  doi = {10.11648/j.ijefm.20170502.13},
  url = {https://doi.org/10.11648/j.ijefm.20170502.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20170502.13},
  abstract = {The main objective of this paper is to investigate how the per capita GDP growth rate reaches near about 7%. Bangladesh is treated asa role model of development. This is why it is analyzed in this article the relationship between gross domestic product and investments and proven on the basis of econometric models. Model of GDP determination is built on the basis of Solow model with the help of Cobb-Douglas production function. In order to calculate the effectiveness of attracting more investment into production in Bangladesh a dynamic econometric model constructed using Solow model. This model is estimated by OLS method for Bangladesh. The model shows a production function with decreasing return to scale. Despite this fact per capita GDP growth rate is near about 7%. It isthe constant or efficiency factor which is very high, it is 18.53. This is why the per capita growth rate is near about 7%.This is why Bangladesh reaches a lower middle income country and by 2041 it is likely to be a rich country.},
 year = {2017}
}

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TY  - JOUR
T1  - Towards Constructing a Dynamic Model of Economics for Investigating Investment and Production in Bangladesh
AU  - Akram Hossain Md.
Y1  - 2017/01/26
PY  - 2017
N1  - https://doi.org/10.11648/j.ijefm.20170502.13
DO  - 10.11648/j.ijefm.20170502.13
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 98
EP  - 101
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20170502.13
AB  - The main objective of this paper is to investigate how the per capita GDP growth rate reaches near about 7%. Bangladesh is treated asa role model of development. This is why it is analyzed in this article the relationship between gross domestic product and investments and proven on the basis of econometric models. Model of GDP determination is built on the basis of Solow model with the help of Cobb-Douglas production function. In order to calculate the effectiveness of attracting more investment into production in Bangladesh a dynamic econometric model constructed using Solow model. This model is estimated by OLS method for Bangladesh. The model shows a production function with decreasing return to scale. Despite this fact per capita GDP growth rate is near about 7%. It isthe constant or efficiency factor which is very high, it is 18.53. This is why the per capita growth rate is near about 7%.This is why Bangladesh reaches a lower middle income country and by 2041 it is likely to be a rich country.
VL  - 5
IS  - 2
ER  -

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Author Information

Akram Hossain Md.

Department of Economics, Rajshahi University, Rajshahi, Bangladesh

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APA Style

Akram Hossain Md. (2017). Towards Constructing a Dynamic Model of Economics for Investigating Investment and Production in Bangladesh. International Journal of Economics, Finance and Management Sciences, 5(2), 98-101. https://doi.org/10.11648/j.ijefm.20170502.13

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ACS Style

Akram Hossain Md. Towards Constructing a Dynamic Model of Economics for Investigating Investment and Production in Bangladesh. Int. J. Econ. Finance Manag. Sci. 2017, 5(2), 98-101. doi: 10.11648/j.ijefm.20170502.13

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AMA Style

Akram Hossain Md. Towards Constructing a Dynamic Model of Economics for Investigating Investment and Production in Bangladesh. Int J Econ Finance Manag Sci. 2017;5(2):98-101. doi: 10.11648/j.ijefm.20170502.13

Copy | Download

@article{10.11648/j.ijefm.20170502.13,
  author = {Akram Hossain Md.},
  title = {Towards Constructing a Dynamic Model of Economics for Investigating Investment and Production in Bangladesh},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {5},
  number = {2},
  pages = {98-101},
  doi = {10.11648/j.ijefm.20170502.13},
  url = {https://doi.org/10.11648/j.ijefm.20170502.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20170502.13},
  abstract = {The main objective of this paper is to investigate how the per capita GDP growth rate reaches near about 7%. Bangladesh is treated asa role model of development. This is why it is analyzed in this article the relationship between gross domestic product and investments and proven on the basis of econometric models. Model of GDP determination is built on the basis of Solow model with the help of Cobb-Douglas production function. In order to calculate the effectiveness of attracting more investment into production in Bangladesh a dynamic econometric model constructed using Solow model. This model is estimated by OLS method for Bangladesh. The model shows a production function with decreasing return to scale. Despite this fact per capita GDP growth rate is near about 7%. It isthe constant or efficiency factor which is very high, it is 18.53. This is why the per capita growth rate is near about 7%.This is why Bangladesh reaches a lower middle income country and by 2041 it is likely to be a rich country.},
 year = {2017}
}

Copy | Download

TY  - JOUR
T1  - Towards Constructing a Dynamic Model of Economics for Investigating Investment and Production in Bangladesh
AU  - Akram Hossain Md.
Y1  - 2017/01/26
PY  - 2017
N1  - https://doi.org/10.11648/j.ijefm.20170502.13
DO  - 10.11648/j.ijefm.20170502.13
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 98
EP  - 101
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20170502.13
AB  - The main objective of this paper is to investigate how the per capita GDP growth rate reaches near about 7%. Bangladesh is treated asa role model of development. This is why it is analyzed in this article the relationship between gross domestic product and investments and proven on the basis of econometric models. Model of GDP determination is built on the basis of Solow model with the help of Cobb-Douglas production function. In order to calculate the effectiveness of attracting more investment into production in Bangladesh a dynamic econometric model constructed using Solow model. This model is estimated by OLS method for Bangladesh. The model shows a production function with decreasing return to scale. Despite this fact per capita GDP growth rate is near about 7%. It isthe constant or efficiency factor which is very high, it is 18.53. This is why the per capita growth rate is near about 7%.This is why Bangladesh reaches a lower middle income country and by 2041 it is likely to be a rich country.
VL  - 5
IS  - 2
ER  -

Copy | Download