Key Drivers of Economic Growth in Developing Countries: A Comparative Study of Turkey and Bangladesh
发展中国家经济增长的关键驱动因素：土耳其与孟加拉国的比较研究
DOI:
https://doi.org/10.65967/siss.v44i2.133Keywords:
Economic growth, population growth, inflation, literacy rate, natural resource, foreign direct investmentAbstract
This study examines the dynamic relationship between gross domestic product (GDP) growth and key macroeconomic indicators in Turkey and Bangladesh using panel data from the World Bank covering the period 1981–2020. The analysis focuses on population growth, inflation, literacy rate, natural resource utilization, investment, and foreign direct investment (FDI) to uncover their causal links with GDP growth. Employing the Dumitrescu–Hurlin panel causality test, the results reveal statistically significant causal relationships between GDP growth and the selected macroeconomic variables, with population growth emerging as the most influential determinant. The findings provide important insights into the distinct economic structures of the two emerging economies and offer policy-relevant implications for fostering sustainable and inclusive growth. Overall, the study contributes to the literature on economic development by highlighting the critical role of macroeconomic fundamentals in shaping long-term growth trajectories in emerging economies such as Turkey and Bangladesh.
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