Online ISSN : 2249-460X Print ISSN : 0975-587X DOI : 10.17406/GJHSS RoadmaptoDevelopment DevelopmentandEconomic ImpactofPublicandPrivate NewInsightsintoFinancialSector VOLUME18ISSUE6VERSION1.0 Global Journal of Human-Social Science: E Economics Glo bal Journal of Human-Social Science: E Economics Volume 18 Issue 6 (Ver. 1.0) Open Association of Research Society Global Journals Inc. *OREDO-RXUQDORI+XPDQ (A Delaware USA Incorporation with “Good Standing”; Reg. Number: 0423089) Social Sciences. 2018. 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Haggerty Ph.D. Ph.D. Geology & Geophysics, School of Economics and Management University of London University of Florence, Italy Associate Professor University of Massachusetts, USA Dr. Gisela Steins Dr. Edward C. Hoang, Ph.D. Psychology, University of Bielefeld, Germany Ph.D., Professor, General and Social Psychology, University of Depart ment of Economics, Duisburg-Essen, Germany University of Colorado USA Dr. Ri ta Mano Dr. V alerie Zawilski Ph.D. Rand Corporation and University of California, Associate Professor, Los Angeles, USA Ph.D. - University of Toronto Dep. of Human Services, MA - Ont ario Institute for Studies in Education University of Haifa Dr. H eying Jenny Zhan Dr. Bruce Cronin B.A., M.A., Ph.D. Sociology, University of Kansas, USA B.A., M.A., Ph.D. in Political Science, Columbia University Department of Sociology Professor, City College of New York, US Georgia State University, US Dr. Adrian Armstrong Dr. Danielle Riverin-Simard BSc Geography, LSE, 1970 B.A., M.A., Ph.D., Cognitive training, University Laval, Ph.D. Geography (Geomorphology) Canada Kings College London 1980 Professor Emeritus of Education and Educational Ordained Priest, Church of England 1988 Psychology, Taunton, Somerset, Laval University, Canada United Kingdom Dr. Ar turo Diaz Suarez Dr. Raym ond K. H. Chan Ed.D., Ph.D. in Physical Education Ph.D., Sociology, University of Essex, UK Professor at University of Murcia, Spain Associate Professor City University of Hong Kong, China Dr. Kaneko Mamoru Dr. Luisa dall’Acqua Ph.D., Tokyo Institute of Technology Ph.D. in Sociology (Decisional Risk sector), Structural Engineering Master MU2, College Teacher in Philosophy (Italy), Faculty of Political Science and Economics, Waseda Edu-Research Group, Zürich/Lugano University, Tokyo, Japan Dr. Hugo Nami Dr. Helmut Digel Ph.D.in Anthropological Sciences, Ph.D. University of Tübingen, Germany Universidad of Buenos Aires, Argentina, Honorary President of German Athletic Federation (DLV), University of Buenos Aires, Argentina Germany Dr. Vesna Stanković Pejnović Dr. Tao Yang Ph. D. Philospohy Ohio State University Zagreb, Croatia M.S. Kansas State University Rusveltova, SkopjeMacedonia B.E. Zhejiang University Dr. Alis Puteh Dr. Asunción López- Varela Ph.D. (Edu.Policy) UUM BA, MA (Hons), Ph.D. (Hons) Sintok, Kedah, Malaysia Facultad de Filología. M.Ed (Curr. & Inst.) Universidad Complutense Madrid University of Houston, US 29040 Madrid Spain Dr. Thierry Feuillet Dr. Mohd Hairy Géolittomer – LETG UMR 6554 CNRS Mohd Hairy, PhD (Urban Climate), Masters (Université de Nantes) (Environmental Management) Institut de Géographie et d’Aménagement (National University of Malaysia) Régional de l’Université de Nantes. & Degree In Geography (Hons), Chemin de la Censive du Tertre – BP University Malaya, Malaysia. Rodez Contents of the Issue i. Copyright Notice ii. Editorial Board Members iii. Chief Author and Dean iv. Contents of the Issue 1. Impact of Public and Private Investment on GDP Growth in Bangladesh: Crowding-in or Out? 1-8 2. Effet De La Gouvernance Sur L’efficacité De L’aide Publique Au Développement Dans La CEMAC. 9-19 3. New Insights into Financial Sector Development and Economic Growth Nexus in Nigeria. 21-31 4. Efficacite Technique des Entreprises Agro Industrielles au Cameroun: Approche Non Parametrique. 33-43 5. The Activities of Niger Delta Militants: A Road March to Development. 45-61 v. Fellows vi. Auxiliary Memberships vii. Preferred Author Guidelines viii. Index Global Journal of HUMAN-SOCIAL SCIENCE: E Economics Volume 18 Issue 6 Version 1.0 Year 2018 Type: Double Blind Peer Reviewed International Research Journal Publisher: Global Journals Online ISSN: 2249-460x & Print ISSN: 0975-587X Impact of Public and Private Investment on GDP Growth in Bangladesh: Crowding-in or Out? By Md. Monirul Islam, Asif Hossain & Mohammad Tareque, PhD Bangladesh Institute of Governance and Management (BIGM) Abstract- The study investigates into the impact of public and private investment on GDP growth in Bangladesh over the period 1980-2016 within ARDL framework. It also enquires into the causal relationship between investment (public and private) and GDP growth using Block Exogeneity Wald Test. The study primarily finds that there exists a significant impact of both public and private investment on GDP growth in the long run. In the short run, public investment does not affect, but private investment has a positive impact on GDP growth. The study also uncovers a bidirectional association between public investment and GDP growth whereas unidirectional relationships from private investment to GDP growth and from public investment to private investment. Consequently, public investment crowds-in private investment. Therefore, increase in public investment is critical to moving to the next level of the country's growth. Keywords: public investment, private investment, GDP growth, crowding-in and -out effects, ARDL bounds te.st. GJHSS-E Classification: FOR Code: 149999 ImpactofPublicandPrivateInvestmentonGDPGrowthinBangladeshCrowding-inorOut? Strictly as per the compliance and regulations of: © 2018. Md. Monirul Islam, A sif Hossain & Mohammad Tareque, PhD. This is a research/review paper, distributed under the terms of the Creative Commons Attribution-Noncommercial 3.0 Unported License http://creativecommons.org/licenses/by- nc/3.0/), permitting all non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited. Impact of Public and Private Investment on GDP Growth in Bangladesh: Crowding-in or Out? α σ ρ Md. Monirul Islam , A sif Hossain & Mohammad Tareque, PhD Abstract - The study investigates into the impact of public and government that increases production of a country, private investment on GDP growth in Bangladesh over the which is included in aggregate demand resulting in period 1980-2016 within ARDL framework. It also enquires into increasing employment opportunities for the people. the causal relationship between investment (public and This aggregate demand has multiplier effects on output private) and GDP growth using Block Exogeneity Wald Test. (Blinder, 2008). Keynesians also stated that private The study primarily finds that there exists a significant impact