External Debt Sustainability and Economic Performance in Bangladesh: A Cointegration Analysis

External Debt Sustainability and Economic Performance in Bangladesh: A Cointegration Analysis | Research Square window.SnipcartSettings = { analytics: { enabled: false } }; (function() { var accessVector = localStorage.getItem('access_vector') || ''; window.dataLayer = window.dataLayer || []; if (accessVector) { window.dataLayer.push({ user: { profile: { profileInfo: { snid: accessVector } } } }); } })(); (function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start':new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0],j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src='https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f);})(window,document,'script','dataLayer','GTM-K279D39R'); Browse Preprints In Review Journals COVID-19 Preprints AJE Video Bytes Research Tools Research Promotion AJE Professional Editing AJE Rubriq About Preprint Platform In Review Editorial Policies Our Team Advisory Board Help Center Sign In Submit a Preprint Cite Share Download PDF Research Article External Debt Sustainability and Economic Performance in Bangladesh: A Cointegration Analysis Aoulad Hosen This is a preprint; it has not been peer reviewed by a journal. https://doi.org/ 10.21203/rs.3.rs-8571598/v1 This work is licensed under a CC BY 4.0 License Status: Posted Version 1 posted You are reading this latest preprint version Abstract For developing countries, debt management tactics are appearing as a key challenge under particular fiscal constraints. This paper explores the long-run association between external debt servicing (EDS) and economic growth in Bangladesh using World Development Indicators (WDI) data from 1973 to 2020. Utilising Augmented Dickey-Fuller (ADF) unit root tests, Johansen cointegration analysis, and Vector Error Correction Modelling (VECM), the study demonstrates a statistically significant positive correlation (β = 0.125, SE = 0.029, p < 0.01), indicating that a 1% increase in EDS results in a 0.125% increase in GDP growth. These results suggest that proficient EDS management can facilitate enduring economic growth. The consequences of the study and internal debt allocation in Bangladesh postulate empirical evidence for policymakers in developing economies, highlighting the importance of the strategic and productive use of external debt to support long-term growth. JEL Classification: E01, E63, F43, E62, H63 GDP Growth External Debt Services Debt Financing and Debt Overhang Full Text Additional Declarations No competing interests reported. Cite Share Download PDF Status: Posted Version 1 posted You are reading this latest preprint version Research Square lets you share your work early, gain feedback from the community, and start making changes to your manuscript prior to peer review in a journal. As a division of Research Square Company, we’re committed to making research communication faster, fairer, and more useful. We do this by developing innovative software and high quality services for the global research community. Our growing team is made up of researchers and industry professionals working together to solve the most critical problems facing scientific publishing. Also discoverable on Platform About Our Team In Review Editorial Policies Advisory Board Help Center Resources Author Services Accessibility API Access RSS feed Manage Cookie Preferences © Research Square 2026 | ISSN 2693-5015 (online) Privacy Policy Terms of Service Do Not Sell My Personal Information {"props":{"pageProps":{"initialData":{"identity":"rs-8571598","acceptedTermsAndConditions":true,"allowDirectSubmit":true,"archivedVersions":[],"articleType":"Research Article","associatedPublications":[],"authors":[{"id":573701738,"identity":"5d692d63-9557-43e9-a8b7-657d6b596e3f","order_by":0,"name":"Aoulad 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