The Impact of Digitalization on the Economic Growth of Bangladesh.
Authors
Hasibul Islam
Abstract
Purpose: The study showed the impact of digitalization on the economic
growth of Bangladesh.
Methodology: The researcher used secondary data to analyze the
relationship between variables. Linear regression analysis was used to
estimate the effect of explanatory variables and explained variable. For
performing statistical analysis, STATA programming environment was
used to this study. Telecommunication infrastructure index and online
service index were used as explanatory variables. GDP growth rate used as
explained variable.
Findings: The regression result showed the significant and positive impact
of telecommunication infrastructure index and online service index on GDP
growth rate. The variable explained was 86.6%, which was higher and
indicate that these variable effect mostly on the GDP growth rate. Due to
data insufficiency, the researcher cannot compare network readiness index
and GDP growth rate. However, the study has found that there is significant
level growth of the network readiness index and GDP growth rate. Further,
the study should be conducted with more data and other variables.
Practical Implications: A developing country like Bangladesh, an
appropriate infrastructure policy will helpful for all stage of development,
that will drive the process of economic development. Policymakers should
give sufficient support to establish the digital infrastructure.
Originality: The study found that in Bangladesh digitalization indicators
have been more effective effect on economic growth.
Research Limitations: The limitation of the research is the generalization
of the findings. Further researchers should conduct studies to find other
variables that increase the impact digitalization.