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 ...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$） and the number of Total Enlisted Company （TEC） which have direct and immediate impact on the Stock Turnover Ratio （STR） of DSE and the macroeconomic indicators are Gross Domestic Product （GDP）, Gross National Income （GNI）, Gross Saving （GS）, Gross Inflation （GI）, Deposit Interest Rate （DIR）, and Gross Foreign Investment （GFI） which have indirect and long run impact on DSE portfolios. To investigate the direct impact on DSE＇s turnover ratio, the Cobb-Douglas production function is applied and to investigate the indirect and long run impact, multiple linear regression models are also applied. The estimated results are diagnosed using magnitudes of derivatives, gradient and Wald＇s coefficient restriction with respect to the macro and micro economic indicators.展开更多
文摘This paper examines the impact of the portfolios of Dhaka Stock Exchange （DSE） with corresponding to the selective macro and micro economic indicators of Bangladesh. The microeconomic indicators are Invested Market Capital （1MC） （US$） 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.
