Bangladesh University of Professionals Journal BANGLADESH UNIVERSITY OF PROFESSIONALS JOURNAL
Article Info: BUP JOURNAL, Volume - 7, Issue - 1, June - 2019, Volume - 7, Issue - 1, Article #7
Publish Date: June 1, 2019
Authors(S): 1. Md. Anwar Hossen 2. Al Jamal Mustafa Shindaini 3. Abul Kalam
DOI:
Keywords: Agricultural Sector, Unemployment Rate, GDP Growth Rate, Cointegration, ARDL
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Abstract

Agricultural sector is one of the vital economic sectors in Bangladesh but nowadays its role in the national economy is declining at a rapid pace. Disregarding the rural segment either openly or secretly has driven the nation to a burdensome jobless circumstance. Unemployment is both a social and a political emergency of this contemporary world. This paper attempts to realize the connection between agricultural sector share on GDP and unemployment rate in the context of Bangladesh. For that, Johansen cointegration test has been applied to check the long run connections between the concerned factors. ARDL (Auto Regressive Distributed Lag) technique has been used to find out the coefficients of the factors and discover the short run as well as long run connection among the factors. The outcome of this research work states that the increasing trend in agricultural sector contribution to GDP may reduce unemployment rate in Bangladesh. The government should strengthen the peripheral farmers by assuming control over the overflow of agrarian products keeping in mind the end goal of designating it appropriately. However, increased attention in farming will produce facilitated work opportunities for the unemployed people of the nation.