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

Figure 1: Optimal Lag c) Bound Test and CointegrationResult Table 2: Summery of Bound Test Test Statistic Value Signif. I(0) I(0) F-statistic 19.15076 10% 2.2 30.9 K 4 5% 2.56 3.49 2.5% 2.88 3.87 1% 3.29 4.37 Table 2 shows the result of the Bound F-test. The calculated F value for LNGS is 19.15076, which is higher than all the lower and upper bound limits at 1%, 2.25%, 5%, and 10%. So we can reject the null hypothesis of “no cointegration (long-run relation) between dependent and explanatory variables,” that is there exists a long-run relationship between LNGS and all other independent variables used in this study. Volume XXI Issue IV Version I 35 ( E ) Global Journal of Human Social Science - Year 2021 © 2021 Global Journals An Empirical Analysis of Interest Rate and Domestic Savings in Bangladesh