Global Journal of Human Social Science, E: Economics, Volume 21 Issue 4

Global Journal of HUMAN-SOCIAL SCIENCE: E Economics Volume 21 Issue 4 Version 1.0 Year 2021 Type: Double Blind Peer Reviewed International Research Journal Publisher: Global Journals Online ISSN: 2249-460x & Print ISSN: 0975-587X By Hamida Begum National University Abstract- The study investigates the relationship between deposit interest rate and gross savings in Bangladesh for the period 1976-2019. In this study, I used the ARDL approach to estimate the short run and long-run relationship between dependent and independent variables, which applicable if some variables are integrated of order one, and some are zero. The result of the study reveals that in the short-run impact of interest rate on gross saving is insignificantly negative, but in the long run this impact is insignificantly positive. The result also shows that both in the short- and the long-run, inflation and GDP positively impact the gross savings. Moreover, the impact of remittance on gross savings is positive in the short run and negative in the long run. Keywords: deposit interest rate; gross saving; ardl; co-integration. GJHSS-E Classification: Strictly as per the compliance and regulations of: FOR Code: 149999 © 2021. Hamida Begum. This research/review article is distributed under the terms of the Attribution-NonCommercial- NoDerivatives 4.0 International (CC BY-NC-ND 4.0). You must give appropriate credit to authors and reference this article if parts of the article are reproduced in any manner. Applicable licensing terms are at https://creativecommons.org/licenses/by-nc- nd/4.0/. An Empirical Analysis of Interest Rate and Domestic Savings in Bangladesh AnEmpiricalAnalysisofInterestRateandDomesticSavingsinBangladesh