Staff View: Trade Theories for Islamic Developing Countries

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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Main Authors:	Abdul Razak Abdul Hadi, Qazi Shamin Sultana, Mohamed Hisham Yahya, Abu Hassan Shaari
Format:
Language:	English
Published:	2013
Subjects:	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)
Online Access:	http://ir.unikl.edu.my/jspui/handle/123456789/5221
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id	my.unikl.ir-5221
record_format	eprints
spelling	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
institution	Universiti Kuala Lumpur
building	UniKL Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Kuala Lumpur
content_source	UniKL Institutional Repository
url_provider	http://ir.unikl.edu.my/
language	English
topic	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)
spellingShingle	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
description	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.
format
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
_version_	1644484696120229888
score	13.211869

Trade Theories for Islamic Developing Countries - Bangladesh Experience

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