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Rural Household Contribution to the Financial and Capital Market in Bangladesh: A Micro Level Study of Remittances from Italy

Mannan Kazi and Khandaker Mursheda Farhana

MPRA Paper from University Library of Munich, Germany

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 (search for similar items in EconPapers)
JEL-codes: D0 D00 E6 E66 (search for similar items in EconPapers)
Date: 2014-11-01
New Economics Papers: this item is included in nep-mig
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Published in International Journal of Management Sciences and Business Research 10.3(2014): pp. 112-122

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