期刊名称：Journal of Economics and Sustainable Development
印刷版ISSN：2222-2855
电子版ISSN：2222-2855
出版年度：2016
卷号：7
期号：16
页码：123-127
语种：English
出版社：The International Institute for Science, Technology and Education (IISTE)
摘要：This paper attempts to examine the causal relationship between public investment and economic growth in Bangladesh from 1972/73 to 2013/14. Cointegration analysis indicates a long-run relationship between the two variables. A unidirectional causality from public investment to growth is found on the basis of Error Correction Model (ECM). The main result of the study is that public investment invariably leads to economic growth. As a policy suggestion, efficient management of public investment should be conducive to higher productive capacity which will lead to higher growth in Bangladesh.
