Article
Version 1
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Textile Export Nexus in Bangladesh: An Econometric Exploration
Version 1
: Received: 27 September 2023 / Approved: 27 September 2023 / Online: 27 September 2023 (11:53:58 CEST)
How to cite: Rahman, M.M. Textile Export Nexus in Bangladesh: An Econometric Exploration. Preprints 2023, 2023091884. https://doi.org/10.20944/preprints202309.1884.v1 Rahman, M.M. Textile Export Nexus in Bangladesh: An Econometric Exploration. Preprints 2023, 2023091884. https://doi.org/10.20944/preprints202309.1884.v1
Abstract
This scholarly investigation conducts a rigorous exploration of Bangladesh's textile sector spanning the years 2011 to 2022, centering its attention primarily on the development of an intricate econometric framework. The study unveils profound insights into the sector's growth trajectories, the intricate dynamics of global demand, the undulating fluctuations of interest rates, and other pivotal economic gauges. The core component of this research, the econometric model, adeptly prognosticates textile exports through the incorporation of multifarious variables, encompassing the count of garment establishments, the magnitude of the workforce, market penetration, worldwide demand patterns, currency exchange rates, and interest rate fluctuations. Notably, the model attains a lofty degree of explicative potency, with an R-squared coefficient approximating 0.756, thereby attesting to its remarkable capacity to elucidate variances in textile export values. These discoveries carry substantial consequences for policymakers and stakeholders within the industry, as they bestow upon them a potent instrument for judicious decision-making and strategic blueprinting within Bangladesh's textile domain. The model accentuates the paramount significance of global demand and market share, concurrently accentuating the latent repercussions posed by fluctuations in interest rates.This research provides valuable insights into promoting the industry's sustainable growth, diversification, and resilience in the face of economic challenges.
Keywords
textile industry; bangladesh; econometric analysis; export trends; global demand; policy recommendations
Subject
Business, Economics and Management, Econometrics and Statistics
Copyright: This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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