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The relationship between energy consumption and output is still ambiguous in the existing literature. The economy of Bangladesh, having spectacular output growth and rising energy demand as well as energy efficiency in recent decades, can be an ideal case for examining energy-output dynamics. We...
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India and Bangladesh share a common historical background, geographical proximity, institutional similarities, and a policy shift towards economic liberalization since the early 1990s. Inflation between these countries, however, often remains remarkably different, and the series of inflation...
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The formation of the South Asian Association of Regional Cooperation (SAARC) in the mid-1980s was aimed at achieving regional integration and economic growth. Hence, examining output interrelationships among South Asian economies becomes imperative, but work on this aspect has remained...
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The literature on export-led growth in India is voluminous but inconclusive. This study re-examines the export–output relationship over the 1960–2009 period, and finds strong evidence of export-led growth for India. While there is no long-run cointegration relationship between...
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Investment in Bangladesh has been at almost one-fourth of the country’s output since the early 2000s. Consequently, Bangladesh’s growth has also remained stagnant at around 6 percent since then. The question of how to increase investment in Bangladesh has been of crucial discussion...
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Globalization of the early 1990s is thought to have caused the loss of monetary-policy independence in India. I find that India's monetary-policy independence is anchored in the exchange-rate regime along with its state of foreign-exchange reserves, and not necessarily in globalization per se....
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