Circular Causation for Population and Economic Growth and Development Issues of Bangladesh

Abstract

The knowledge-induced databank for estimating the wellbeing function and its endogenous inter-variable circular causation relations has various ways for its development. The most critical point in the development of the databank is the calculation of the knowledge parameters (θ-values). This chapter suggests an alternative way slightly different from the pro-rata and averaging approach to calculating the knowledge parameters in concert with the socioeconomic variables. The conclusion at the end is that, the computation of such values is necessary in evaluating the wellbeing function ( maslaha ). In this regard it is important only to maintain the monotonic relations that the various approaches generate in the θ-calculation in relation to the socioeconomic variables within the purview of Tawhidi methodological worldview and its phenomenological use in the empirical modeling context. Thus this chapter is like an addendum to the rest of the work suggesting acceptability of alternative ways of calculating the θ-values in relationship with the socioeconomic variables to make up the full databank for empirical evaluation of the Tawhidi wellbeing criterion, subject to the system of endogenous inter-variable circular causation relations.