-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, Volume 3, Issue 10

11 Pages Posted: 11 Feb 2016

See all articles by Dr Kazi Abdul Mannan

Dr Kazi Abdul Mannan

Southern Cross University, Australia

Dr Khandaker Mursheda Farhana

Shanto-Mariam University of Creative Technology

Torab Khan Chowdhury

Independent

Multiple version iconThere are 2 versions of this paper

Date Written: October 10, 2014

Abstract

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

Suggested Citation

Mannan, Kazi Abdul and Farhana, Dr Khandaker Mursheda and Khan Chowdhury, Torab, -Rural Household Contribution to the Financial and Capital Market in Bangladesh: A Micro Level Study of Remittances from Italy (October 10, 2014). International Journal of Management Sciences and Business Research, Volume 3, Issue 10, Available at SSRN: https://ssrn.com/abstract=2730477

Kazi Abdul Mannan (Contact Author)

Southern Cross University, Australia ( email )

Lismore, New South Wales 2480
Australia

Dr Khandaker Mursheda Farhana

Shanto-Mariam University of Creative Technology ( email )

Dhaka, 1230
Bangladesh

Torab Khan Chowdhury

Independent ( email )

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