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Capital Market Deepening and Economic Growth in Bangladesh

Author

Listed:
  • TAHER JAMIL

    (Department of Finance, University of Dhaka, Bangladesh)

  • FARHAN SHAZIA

    (Department of Finance, Jagannath University, Bangladesh)

Abstract

This paper examines the impact of capital market deepening on economic growth of Bangladesh using the time series data on market capitalization-GDP ratio, total market turnover-GDP ratio and Savings-GDP ratio over the period covering from the year 1991 to 2011. The economic results found by applying Ordinary Least Square shows that the capital market deepening has little contribution to the economic growth of the country. This is because of the low market turnover and relatively high savings rate that ultimately find its way to be invested somewhere else. The findings of this paper also indicates that there might be some other variables apart from the variables considered here that also affect the economic growth of the country.

Suggested Citation

  • Taher Jamil & Farhan Shazia, 2013. "Capital Market Deepening and Economic Growth in Bangladesh," JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA, Babes-Bolyai University, Faculty of Business.
    • Handle: RePEc:bbn:journl:2013_2_2_jamil
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    File URL: http://tbs.ubbcluj.ro/RePEc/bbn/journl/Negotia_2_2013.pdf
    File Function: Revised version, 2013
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    More about this item

    Keywords

    Bangladesh; Capital Market Deepening; Economic Growth; Time Series Analysis;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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