RULING POLITICAL PARTIES TOWARD ECONOMIC GROWTH AND STABILITY: EVIDENCE FROM BANGLADESH

Syeda Naznin Ahmed Silvi, Leading University, Sylhet, Bangladesh
Mohammad Saiful Islam, Leading University, Sylhet, Bangladesh

Published in

JOURNAL OF INTERNATIONAL BUSINESS AND ECONOMICS
Volume 18, Issue 3, p21-28, October 2018

ABSTRACT

The purpose of this study is to identify the economic growth and stability scenario under different ruling political parties since the inception of Bangladesh. The research is based on secondary data only. Data of the elected ruling parties at their tenure and data of overall GDP growth rate have been collected for the period of 1971 to 2017 from Bangladesh economic review. It has been evidenced from the research paper that economy of Bangladesh saw highest average GDP growth rate of 6.87 percent and highest economic stability with variation in growth rate by 0.28 percent during the two years (2006-2007) of then ruling caretaker government. Besides, it has been found that economy of Bangladesh witnessed the second highest average GDP growth rate of 6.26 percent during the last ten years’ ruling period of Awami League and the economy was also moderately stable with the deviation of growth by 0.66 percent. Trend analysis shows that frequently elected same ruling political party ensures higher economic growth and stability as the GDP growth rate of Bangladesh exceeded 7 percent during last three fiscal years (2016-2018) of ruling political party Awami League out of last 10 years of ruling as same elected party. This research paper will be supportive for the policy makers to take decision regarding good governance and political stability which will result higher but stable economic growth.

Keywords

GDP growth rate, political economics, sustainable growth.


About the Article

Abstract, Keywords, Page Numbers, etc

About the Journal

Managing Editors, Indexing, Best Practices

About The Publisher

History, Partners, Conferences

Access the Full Article

Log-in to IABE to access full article

Search IABE

Search IABE's articles by Title, Author, or keyword

Contact Us

Send a message to IABE