The Role of Telecommunication Over the Economic Development of Bangladesh

Telecommunication, as a gift of modern science is largely different from any other traditional infrastructure. From international market to domestic market, corporate communication to personnel communication, telecommunication is the prime way to maintain the continuous and instantaneous flow of sharing information. From business perspective of economic activities of modern world, through the communication channel telecommunication not only has significant influences over the economy in terms of GDP per capita but also serves many people by creating job opportunities. Hence increasing employment rate may also be another significant factor to enhance economic development. Investment in infrastructural development and earned revenue may have strong impact on the GDP per capita in an economy. As a result, for the potential role of the telecommunication, a modern world as well as economy without telecommunication cannot be thought for one moment. This paper is a devoted best effort to find the relationship between telecommunication and Bangladesh economic development. To analyze this context more extensively and reliably, this paper fundamentally focuses on the relationship between various variables under the construct of telecommunication and the economic development. To define this construct into more concrete ways, several multiple simpler variables are implemented such as teledensity, investment in telecommunication industry, revenue contribution percentage of GDP, GDP per capita, employment rate etc. through OLS regression models associated with least square method. This paper indicates telecommunication industry has a significant and positive impact over the economic development of Bangladesh