Econometric Investigation of DSE＇s Portfolios through Selective Micro and Macro Economic Indicators
Econometric Investigation of DSE＇s Portfolios through Selective Micro and Macro Economic Indicators作者机构：PhD Fellow Institute of Bangladesh Studies University of Rajshahi Bangladesh. Associate Professor Institute of Bangladesh Studies University of Rajshahi Bangladesh. Professor Department of Statistics University of Rajshahi Bangladesh.
出 版 物：《Journal of Statistical Science and Application》 (统计科学与应用（英文版）)
年 卷 期：2016年第4卷第3期
页 面：144-153页
学科分类：02[经济学] 0201[经济学-理论经济学] 020105[经济学-世界经济]
主 题：Direct and immediate impact Indirect and long run impact magnitudes of derivatives gradient andWald's coefficient restriction
摘 要：This paper examines the impact of the portfolios of Dhaka Stock Exchange （DSE） with corresponding to the selective macro and micro economic indicators of Bangladesh. The microeconomic indicators are Invested Market Capital （1MC） （US$） and the number of Total Enlisted Company （TEC） which have direct and immediate impact on the Stock Turnover Ratio （STR） of DSE and the macroeconomic indicators are Gross Domestic Product （GDP）, Gross National Income （GNI）, Gross Saving （GS）, Gross Inflation （GI）, Deposit Interest Rate （DIR）, and Gross Foreign Investment （GFI） which have indirect and long run impact on DSE portfolios. To investigate the direct impact on DSE＇s turnover ratio, the Cobb-Douglas production function is applied and to investigate the indirect and long run impact, multiple linear regression models are also applied. The estimated results are diagnosed using magnitudes of derivatives, gradient and Wald＇s coefficient restriction with respect to the macro and micro economic indicators.
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