October2016 June 2018 September 2018 March 2019 September 2016 November 2012 October 2016 (World Review of Business Research) Total Articles - 7 Calibrating an Energy Augmented Real Business Cycle: The Case of Bangladesh Pages 1 – 13 Author: Sakib B. Amin and Shaikh S. Ferdaus Abstract Direct download We simulate an energy augmented RBC model for Bangladesh, characterised by shocks to the Solow residual as well as energy price. The model in this paper is calibrated using annual data of 1980-2010 to examine the model’s ability to describe the dynamic structure of the Bangladesh economy. To the best of our knowledge, this is the first study to incorporate energy price shocks in the Real Business Cycle (RBC) model in the context of Bangladesh. Through the use of Impulse Response Functions (IRFs) this paper reveals that while the impact of an upward shock to factor productivity on all key endogenous variables is in the right direction, an upward shock in energy prices has an adverse impact on the key endogenous variables for the case of Bangladesh. Deming Management Method in the Readymade Garments Industry of Bangladesh Pages 14 – 30 Author: Sharmin Akhter Abstract Direct download A good quality management system is crucial for a manufacturing organization to increase its competitiveness. Over the time, TQM has become a tactical instrument for manufacturing organizations to grow up and uphold in the vastly competitive business surroundings. Though, developing suitable base for TQM implementation is still the real challenge for an organization. The RMG industries of Bangladesh are using TQM without having any knowledge about it. This paper is designed to outline the application of TQM, based on the Deming Management Method in the RMG industry of Bangladesh. The study will help to focus on the implementation; deficient of implementing this method and recommendations for improving it. The study is conducted in the time period of 2013-15. A structured Questionnaire was used to collect data from random sample of 100 production managers of RMG industry. The findings propose that an integrated approach is required to implement the Deming Management Method of total quality practices in order to understand actical quality objectives. The study supports the applicability of Deming Management Method to the RMG industry. The result of the research provides a better understanding of issues relating to Deming Management Method of total quality and suggests measures for improving the implementation of this method in the RMG industries of Bangladesh. Customer Relationship Management and Service Quality: The Case of Grameen Bank Pages 31 – 45 Author: Mihir Kumar Roy and Saleh Ahmed Abstract Direct download The study tries to analyze the need for Customer Relationship Management (CRM) to increase customer value by using some analytical methods in CRM applications. The objective is to identify the key factors that influence the extent to which CRM helps to improve the service quality of the Grameen Bank (GB), Tarutia Branch, Tangail. To inspect customer’s satisfaction on service quality of the GB branch, the researchers used three CRM factors i.e. Communication, Interpersonal Relationship and Efficiency through questionnaire survey from the seventy eight clients. The SPSS version 20 software was employed in this study for data analysis. Correlation analysis and stepwise regression analysis were performed to assess the hypotheses .The correlation analysis produced precise support to prove almost all the hypotheses , but the stepwise regression provided partial support to the hypothesis. The study recommended that, GB Tarutia Branch, showed good level of customer’s satisfaction in terms of service quality. However, this level needed to be increased to maintain desired satisfactory service quality and achieved better growth of GB in poverty alleviation. Effects of Foreign Direct Investment (FDI) on Bangladeshi Labor Market Pages 46 – 60 Author: Effects of Foreign Direct Investment (FDI) on Bangladeshi Labor Market Abstract Direct download Growth is a primary agendum for all developing countries. Bangladesh is no exception in this trend. Prior to 1980s, the country could heavily rely on official foreign aid to address its resource scarcity, but with the dwindling availability of foreign aid and increasing global economic integration, the country now treats Foreign Direct Investment (FDI) as a potential stimulus for rapid growth. However, investment from abroad is not quite benign in the sense that it interacts with local parameters and can sometime create uncomfortable consequences, like employment loss. Since employment is a politically sensitive parameter this issue is addressed in the literature in some details. The focus of this paper is to investigate to what extent FDI creates an impact in the Bangladeshi labor market. Using annual data from 1991 to 2013 results show that there exits significantly positive relationship between unemployment rate and net inflows of FDI expressed as a percentage of GDP. This indicates that as the share of FDI to GDP increases it leads to a rise in the number of people unemployed which to some extent is uncomfortable though not unusual in literature. Democracy and Economic Diversification: Experience from Bangladesh Pages 61 – 70 Author: Nabila Maruf and A. F. M. Ataur Rahman Abstract Direct download This current study looks into the relationship between democracy and economic diversification for Bangladesh. Using arguments in the line of Johansen-Engel-Granger we find that as Bangladesh is becoming more politically diversified the economy is becoming less economically diversified. We also looked into export and import diversification and found that country wise export becomes more concentrated with democracy. For import we do not find any discernible trend. Institutional Quality and Democracy: The Case of Bangladesh Pages 71 – 81 Author: Chowdhury Nawsheen Farooqui and A. F. M. Ataur Rahman Abstract Direct download Bangladesh has passed quite some time as a democratic country. During this time it has also tried to develop its economic institutional quality. However, a direct relationship between these two parameters is yet to be established at either theoretical or empirical level. This current study investigates the influences of economic institutions on democracy. Using data of 2002- 2014 and econometric methods of cointegration (based on Engle & Granger, 1987) we found that governance indicators such as voice accountability, political stability, corruption, and government effectiveness have significant impact on democracy. However corruption has in general a negative effect on democracy. Effects of Private Credit and Capitalization Deepening on Economic Growth of the Asian Countries Pages 82 – 98 Author: Altaf Hossain Abstract Direct download This study examines patterns of the marginal effects of financial (private credit and market capitalization) deepening on economic growth of the Asian countries from 1980 to 2013. This study also tries to detect any occurrences of excessive finance, period – wise. Outcome of the study concludes that the strength of the finance – growth nexus has been vanishing or weakening, (sometimes negative) in more recent time data of the Asian countries. During the 2008 – post – crisis period when some international regulatory frameworks like BASELIII was adopted and implemented, the effect of deepening credit growth and market capitalization are negative and smaller, respectively, on economic growth may be due to identified excessive credit growth and capitalization. The presence of excessive finance is also ensured. That is, BASELIII is not working to limit excessive finance. During other periods, where excessive finance is not diagnosed for private credit, the weaker or negative strengths of the relationships may be due to (1) something has changed in the fundamental relationship, (2) economic volatility and the increased probability of large economic crashes and (3) the potential misallocation of resources, even in good time. Total Articles- 7 All citation information on this page will be exported. help Direct Export Export file RIS (for EndNote, Reference Manager, ProCite) BIBTEX ASCII Content Citations Only Citations and Abstracts