Rst1 Task 2

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4.1 Data Sources
This paper uses the annual data from 14 countries in Asia which have already established capital market in their countries in 8 year period times between 2005 and 2012. The countries are Indonesia, Malaysia, Singapore, Vietnam, Thailand, Philippines, China, South Korea, Taipei, Mongolia Bangladesh, Bhutan, India, and Sri Lanka. All data is cover countries at East Asia, South East Asia, and South Asia which is taken from Asian Development Bank publication: Key Indicators for Asia and the Pacific 2013. Most of countries included in the analysis can be categorized as developing countries. However, there are several countries were categorized as developed countries such as China, South

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