Is the Export-led Growth Hypothesis Valid for Developing Countries? A Case Study of Bangladesh

The association between exports and growth is often attributed to the possible positive externalities for the domestic economy arising from participation in world markets. The purpose of this paper is to evaluate whether export revenues can lead to significant and positive economic growth in a country. The paper uses time series econometric analysis to test the causal relationship between exports and economic growth. The results indicate that export revenues have led to positive and significant economic growth in Bangladesh. The paper concludes that the export oriented i.e. outward looking approach led to GDP growth in Bangladesh economy .In order to increase the reliability of the study; we have employed modern time series econometric techniques and procedures