Rural Household Contribution to the Financial and Capital Market in Bangladesh: A Micro Level Study of Remittances from Italy
International Journal of Management Sciences and Business Research, 2014 ISSN (2226-8235) Vol-3, Issue 10
11 Pages Posted: 23 Nov 2014
Date Written: November 23, 2014
The present study investigates the investment variation of remittance determinants in rural area at the origin. Using micro-economic data from a survey conducted in 2013, multivariate analysis was carried out on 300 rural households. The empirical results show that the significance level and determinants vary from the investment in financial sector and specially investment in share market. Investment in financial sectors is strongly significance with the household remittances, educational level of migrants and household heads, household head relation to migrant and income of the household. On the other hand, investment in share market is highly significant with the duration of migration, marital status and employment status of the household head; and religion and income of the household.
Keywords: capital market, remittances, investment, rural household, non-residence
JEL Classification: A12, C51, D19, E00, G00, H63, J00, R00
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