Macro-Econometric Model of a Developing Economy:A Case Study of Bangladesh

Since sovereignty the country Bangladesh has completed a number of credible improvements in the midst of economic development. The main challenge of the Bangladesh economy is to uphold elevated performing growth in the course of rising production, reducing human poverty, alleviating commodity prices, protecting strength as well as education for everyone, enhancing originality along with human capability and attempting the unfavorable upshots of climate change. Despite the facts of massive population in the midst of low income, poverty, structural flaw of the economy and absence of productive aptitude, the development model of Bangladesh economy has been somewhat sturdy from 1990 to 2000 demonstrating extensive development over the preceding two decades. Obviously, the macroeconomic indicators explored that the economy of Bangladesh is progressively entailing healthier concert in the last few years in the previous Century. However, the economy of Bangladesh decelerated to 5.9% growth in 2009 from 6.2% in 2008 because of the global economic depression however Bangladesh economy has not been seeing that influenced like other economies principally for the reason that it is not as associated to the global economy. But the Bangladesh administration is furthermore hopeful on the subject of the country’s panoramas, foretelling a greatly elevated rate of growth of about 6.0% for the upcoming year.