Relationship between greenfield investment and economic growth: Evidence from Bangladesh

The key purpose of the study is to investigate the relationship between Greenfield investment and economic growth of Bangladesh using annual time series data during the period 2003–2020. The study employs Toda-Yamamoto (T-Y) tests of Granger causality method that performs Modified Wald Test (MWALD) in order to establish causal relation among different variables. There are three steps in implementing the T-Y procedure. The first step involves using different tests (ADF, PP, and KPSS test) to identify the maximum order of integration of the variable. The second step requires selecting the optimal lag length (p) based on several lag length selection criteria. In the third step, MWALD approach is used for testing the vector auto regression model for causality. The results of the tests (ADF, PP, and KPSS) concluded that the maximum order of integration of the variables is two. Then, the optimal lag length of two (p = 2) has been selected based on several lag length selection criteria. Finally, the findings reveal the evidence of unidirectional causality from Real Greenfield Foreign Direct Investment (RGFDI) to Real Gross Domestic Product (RGDP). The key contribution of this study is to investigate the Greenfield investments-growth relationship for a country like Bangladesh

Substitution of synthetic plastic sheet by naturally colored (Turmeric) biodegradable sheet prepared from nanocellulose of raw jute, and evaluation of its quality performance (Multifunctional properties)

Synthetic plastic sheets are mainly composed of long-chain petrochemical-predicated derivatives, and their pollution is now generally acknowledged as a massive environmental burden, both in the aquatic and terrestrial environments, where this type of plastic takes longer to degrade biophysically, has negative impacts on human lives, and has inhibited disposal alternatives. This work aims at the characterization and performance analysis of biodegradable sheets made by using natural ingredients to reduce the dependency on synthetic plastics and thus culminate in plastic pollution. The multifunctional properties of the prepared sheet from raw jute were quite decent; the tensile strength of the biodegradable sheet was increased to around 22 ​MPa, whereas the tensile strength of the synthetic plastic sheet is around 15 ​MPa. Moreover, the elongation rate also decreased to around 53%. The biodegradability test ascertained the prepared sheet's degradability; the biodegradability rate of the prepared sheet was higher than the synthetic plastic sheet, and also had a nice color appearance due to the colorization with natural dye (turmeric). The outstanding physico-mechanical qualities, satisfactory color durability, and biodegradability of the prepared colored sheet obtained from raw jute could make it an attractive choice for the synthetic plastic sheet and the engendered green polymer nanocomposites. It was the first, and unique endeavor to produce natural colorful biodegradable sheets by utilizing natural ingredients: nanocellulose from raw jute and natural coloring material. It could be recommended that the acquired biodegradables have a prosperous future as a replacement for non-biodegradable traditional plastics