Abstract
This paper investigates the causal relationship between urbanization and per capita income of Bangladesh for the sample period of 1972- 2018. Both the Augmented Dickey Fuller (ADF) and Phillips-Perron (PP) tests are applied to find the existence of unit root in each of the time series data collected from World Development Indicators (WDI). To observe the long-run relationship between urbanization and per capita income this study relies on Johansen- Juselius cointegration technique. Empirical results of this paper confirm the presence of long-run relationship between the variables. The Granger causality test shows that causality between urbanization and per capita income is bi-directional.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
