Abstract
The aim of the study is to measure the degree of economic independence of Bangladesh using data from 1990 to 2016. The study uses an economic independence index to quantify its ability to survive unilaterally. Six indicators under the three dimensions underlying economic independence are used. By using highest and lowest historic value of each indicator, it normalizes each indicator. Then, it estimates the composite index using definite weights assigned to each indicator and to each dimension. The degree of index on an average is 0.57 and 0.46 when rice and wheat are taken as the main food, respectively. The estimated value indicates that the country has acquired economic independence moderately. However, the estimated value provides a tool for the government of the country to determine the direction and magnitude of action required to improve its level of economic independence.
Keywords:
Article Details
- Year: 2022
- Volume: 43
- Issue: 1
- Pages: 133 - 158
- Accepted: 04.11.2021
-
DOI:
https://doi.org/10.5281/zenodo.17035399 -
Full Text (PDF)
2 Views 2 Downloads
How to Cite?
Iftekhar Mohammad Fakhruddin, Mohammad Abdul Hannan Pradhan, Golam M. Mathbor (2022). Economic Independence of Bangladesh: An Empirical Assessment. Journal of Economic Cooperation and Development, 43(1), 133-158. https://doi.org/10.5281/zenodo.17035399
