JBS Vol 22. Num 2. 2020 - A Generic Methodology for Dynamic Short-Run Regional Econometric Analysis in Bangladesh

Economic development and regional integration are prerequisites for a country’s overall economic and regional growth. Nevertheless, like many other developing countries, Bangladesh is facing a problem of unsustainable economic growth. A lack of organized development planning, along with unstable and insecure employment sectors, have created poverty prone underdeveloped and disintegrated regions in the country. Regional development is a means of reducing regional disparities by supporting employment and wealth generating economic activities across different regions in an economy. It involves a study of a region as a structural or dynamic system, with the interaction of different social and cultural units. This study centers on developing a generic methodology to enable such a regional analysis using short-run econometric methods.