An Empirical Analysis between Banking Sector Development and Growth Rate of GDP in Bangladesh
Journal Title: International Journal of Financial Economics - Year 2014, Vol 2, Issue 3
Abstract
The objective of this research is to investigate the impact of banking sector development on economic growth in Bangladesh over the year 1990-2011. In this research, we have used five different explanatory variables by incorporating multivariate linear regression model. To examine the assumptions of best linear unbiased estimator, we apply ordinary least square method (OLS). Durbin –Watson and Augmented – Dickey-Fuller test reveals that there is no autocorrelation among the disturbances and growth rate of GDP is stationary. Our empirical findings suggest that policy makers should adopt the cost effective policies in the banking sector to accelerate the economic growth in Bangladesh.
Authors and Affiliations
Nahid Ferdousi, Tuli Chakma, Md. Raseduzzaman
Keywords
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