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Does Foreign Direct Investment Stimulate Economic Progress of a Developing Country? Empirical Evidence from Bangladesh
(CIU Journal, 2018-12-01) Emon Kalyan Chowdhury¹
This study attempts to throw light on the impact of Foreign Direct Investment (FDI) on the Economic Growth (EG) of Bangladesh. Augmented Dickey Fuller unit root test is applied to test the data stationarity of time series data from 1975 to 2015. Johansen Cointegration Model shows that both FDI and economic growth are co-integrated. Vector Error Correction Model indicates that economic growth depends on FDI in the long-run, whereas no short-run causality is found through Wald test. Granger Causality test suggests that FDI and EG have bidirectional relation and cause each other.
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Facing Critical Governance Challenges in Bangladesh: An Overview
(CIU Journal, 2018-12-01) Mohammad Mohabbat Khan
This paper is a reflection of author's research and writing over last three decades in the area of governance. This paper looks at and analyzes governance challenges faced by Bangladesh. The paper proposes for adoption of a few policy actions that may go a long way to improve the present situation in this country, such as creation of a meaningful partnership between three sectors-public, private and third; creation of jobs for unemployed and educated youth; revamping the education sector by emphasizing on moral and technical education; right-sizing the public service; reducing corruption by further strengthening of ACC; filling the three sectors on the basis of merit and merit only; encouraging bright, young and civic-minded individuals to actively participate in politics.
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Firm growth in BRICS: What really matters?
(CIU Journal, 2018-12-01) Syed Manzur Quader, Mohammad Nayeem Abdullah and Kamruddin Parvez
The article examines a number of constraints in terms of access to finance, corruption, infrastructure, crime, competition, and performance measures etc. hindering firm growth in BRICS countries using the comprehensive company-level data from the World Business Environment Survey (WBES). Starting with a total of 37 factors impeding the operation and growth of businesses, the article regroups them into 8 using factor analysis. The article then applied Multilevel Mixed-Effects Linear Regression controlling for country random effects to estimate a model to assess the significance and extent of these factors on firm growth after controlling for other country and firm level effects. The results demonstrate that with the exception of two factors (Moral Hazard & Adverse Selection, Government Subsidies), all other factors namely Law and Order, Export-Import, Financial, Macroeconomic, Environmental & Regulatory Constraint, Tax and service regulation play a statistically significant role on the firms' operation and growth and such findings are found to be robust in terms of alternative model specifications and estimation techniques.
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Understanding Comparative and International HRM: A Review of Three Main Theoretical Perspectives
(CIU Journal, 2018-12-01) Monowar Mahmood1, Mir Mohammed Nurul Absar2, Md. Aftab Uddin3
The paper aims to provide an overview of three main theoretical perspectives, i.e., the universalists, the culturalists, and the institutionalists of comparative and international HRM practices. It critically assessed the philosophical positions, main assumptions and empirical evidence of those theoretical proponents. The Universalists believe that organizational HRM practices are determined by the micro and the macro level contingencies such as organizational size, age, products and services as well as level of industrialization and factor endowments of the countries. The culturalists believe that cultural factors such as collective mental mapping of the people, norms, values and rituals of the countries influence the HRM practices. In contrast, the institutionalists argue that national institutional system forms the bases of organizational HRM practices in any given society or country. It is expected that the review will help HRM researchers to understand HRM practices from a comparative perspective and conduct future HRM research with a solid theoretical foundation.