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1
Dhungel, Bashu Dev, and Kul Prasad Lamichhane. "Effects of Coronavirus on Nepalese Economy." Economic Review of Nepal 3, no. 1 (September 1, 2020): 17–29. http://dx.doi.org/10.3126/ern.v3i1.61744.
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This article, Effects of Coronavirus on Nepalese Economy, focuses on the effects the coronavirus had on the economic growth in Nepal during the pandemic situation. The main objective of this study was to explore the effects of COVID-19 on the Nepalese economy and to provide some guidance to policymakers to minimize the economic losses from COVID-19. This study employed a descriptive research design to explore the impact of COVID-19 on Nepal’s GDP growth. The results indicate that the virus was found to be hitting these sectors hardest: mining and quarrying, industrial sectors, construction sectors, hotel and restaurant sectors, transportation, communication, and storage sectors. The expected growth rate of these sectors exhibits negative scenarios; however, the estimated growth rate of fishery, electricity, gas and water, health and social work, and public administration and defense exhibits positive scenarios.
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Vaidya, Rashesh. "Contribution of Mountaineering Tourism to Nepalese Economy." Nepalese Journal of Hospitality and Tourism Management 4, no. 1 (March 22, 2023): 35–44. http://dx.doi.org/10.3126/njhtm.v4i1.53313.
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Snow-capped mountains and Nepal are analogous. The mountains have become synonymous with Nepal. The mountains that run along Nepal's northern border have become not only a symbol of the country but also an important part of its economy. The nation and the Nepalese tourism industries have been branding the snow-capped mountains to attract tourists from around the world. Mountaineers around the world visit Nepal to conquer the mountains. In the process of mountaineering, Nepal has been generating a good amount of revenue. Hence, the paper tries to find out the contribution of mountain tourism to the Nepalese economy. For this purpose, the paper followed a correlation research design. The paper found a perfect connection between the number of mountaineers arriving in Nepal and the royalty collection from them. Hence, the increasing number of mountaineers ultimately determined the royalty collection from mountaineering. Nevertheless, the paper also disclosed that the number of expedition teams and mountaineers arriving in Nepal for mountaineering has a positive connection with the real gross domestic product (GDP) of Nepal.
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Dahal, Gaurav Raj. "Nepal's Attempt to Escape Asymmetrical Interdependence with India." Journal of Political Science 19 (December 13, 2019): 65–84. http://dx.doi.org/10.3126/jps.v19i0.26699.
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Nepal and India share interdependence with each other regarding economy and politics. India, as a powerful nation with adequate structural power, has been seen meddling with Nepal’s internal affairs and exploiting its economic and political vulnerability. The overall objective of this paper is to analyze the Nepalese foreign policies towards India and its attempt to escape this asymmetrical interdependence throughout the history till date. This paper also tries to identify the factors that influence the formulation of Nepalese foreign policies as well as the consequences of the implemented policies. Additionally, the study shows that with the ongoing radical changes brought by series of democratic successes in Nepalese political system, the traditional approach of Nepalese political leaders that existed before can be changed. Nepal is at a critical juncture where the policies it will make can change significantly with the assistance of international and regional regimes.
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Sah, Binod. "Tax Revenue Productivity on Nepalese Economy." Dristikon: A Multidisciplinary Journal 10, no. 1 (December 31, 2020): 32–43. http://dx.doi.org/10.3126/dristikon.v10i1.34539.
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This paper seeks to examine the productivity of Tax Revenue (TR) in the Nepalese economy. It, therefore, analyzes the impact of TR on GDP in aggregate level. This study adopts explanatory research design and attempts to determine the relationship between TR and the GDP. Exchange rate, market capitalization money supply and government spending being the intervening variables included in the model. In order for the specification of a model of co integrated regression model with a time series data of the variables are employed for the study period of 20 years, from 1999/2000 to 2018/19. The values of all the variables are converted into real price (constant price) by GDP deflator. The GDP deflator and CPI year 2013/14 have been assumed equivalent to the base year 2013/14 according to Nepalese fiscal year. Since it is observed that residuals are not normally distributed, autocorrelation and multi-co linearity problem in the model, it is necessary to improve the non-normal distribution, autocorrelation and multi-co linearity problem in the model. Therefore, the data are transposed into first difference and run the model with error correction model (ECMt-n). The R2 shows that the explanatory power of the model, indicating that the variation of GDP is explained to the extent of 81 percent variation of the independent variable included in the model. The estimated coefficient of TR in error correction model shows that one percent point rise in TR has led to0.17645 percent point increase in real GDP in short run, whereas it is found 0.21364 percent point in the long-run. This is supported by (World bank, 2003, 2007, 2018) using a large sample of developing countries observed over the period 1980-2006, and even after factoring in the endogeneity of tax revenue.
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Kumar Dahal, Arjun, Ganesh Bhattarai, and Prem Bahadur Budhathoki. "CO2 emissions, industrial output, and economic growth nexus: Evidence from Nepalese economy." Environmental Economics 14, no. 2 (July 13, 2023): 1–12. http://dx.doi.org/10.21511/ee.14(2).2023.01.
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This study aims to investigate the relationship between Nepal’s industrial sector output, economic expansion, and CO2 emissions. The analysis uses secondary data from various World Bank reports and covers the period from 1990 to 2022. It is founded on an exploratory and analytical research design. The relationship and effect of Nepal’s GDP and manufacturing output on CO2 emissions are investigated using various statistical and econometric tools, including descriptive statistics, Pearson correlation analysis, unit root testing, Granger causality test, Johansen co-integration test, and autoregressive regression model. The results show that the production of the industrial sector and CO2 emissions are highly positively correlated, as is GDP. The GDP granger causes CO2 emissions, but manufacturing output does not. Johansen’s co-integration test shows a long-term relationship between predictor and response variables. The previous value of CO2 emission is also responsible for the present level of carbon emissions: a one percent increase in GDP leads to a 0.314 percent increase in CO2 emissions in Nepal. The impact of industrial sector output is statistically insignificant. The condition of GDP and CO2 emissions shows the initial phase of the environmental Kuznets curve (EKC). The study recommends adopting an environment-friendly production technique to overcome the problem of carbon emissions in Nepal.
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Sharma, Laxmi. "Impact of Remittances on the Nepalese Economy: Opportunities and Challenges." Rural Development Journal 4, no. 1 (March 22, 2024): 37–57. http://dx.doi.org/10.3126/rdj.v4i1.64026.
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This study focuses on the role of remittances in the Nepalese economy drawing on data from the different secondary data. It analyzes the influence on household income, poverty alleviation, and overall economic development. The research then presents regression analysis between remittance and HDI and finds a high correlation. While finding remittance to be critical to Nepal's improving quality of life, the study also highlights challenges associated with remittances, including brain drain and over reliance. The article advocates for a strategic approach to continue maximizing their positive impact on the national economic landscape.
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Karn, Santosh Kumar. "Impact of COVID-19 On Nepalese Economy." International Journal of Social Sciences and Management 8, no. 2 (April 28, 2021): 348–51. http://dx.doi.org/10.3126/ijssm.v8i2.36637.
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The worldwide pandemic of COVID-19 has caused human losses and severely affected the global economy and passing in a turmoil situation. The COVID 19 pandemic is having a significant economic as well as health impact in Nepal. The economy of Nepal is also grappled by the severe public health crisis of the Covid19. As the public health emergency is heavily interconnected with economic affairs, it has impacted each of the pillars of the economy. This article focuses on COVID19 impact on economic growth in Nepal. The main purpose of this paper is to make evaluations of the potential impact of the COVID-19 pandemic on the economy of Nepal has resulted in historically the highest agriculture, remittance unemployment and biggest fall in GDP.
Int. J. Soc. Sc. Manage. Vol. 8, Issue-2: 348-351
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Khanal, Rajesh Keshar. "Globalisation and Pace of Economic Growth in Nepal." Voice: A Biannual & Bilingual Journal 15, no. 2 (December 31, 2023): 25–35. http://dx.doi.org/10.3126/voice.v15i2.61431.
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Nepal faced serious economic crisis during mid 1980s. Overall balance of payment of the country turned negative in 1982/83 and it remained in the same pattern for three consecutive years. Nepal approached the IMF and the World Bank for their support in solving the economic crises that were being experienced at that time. In response to Nepal's approach these institutions helped Nepal with financial assistance with conditions in order to tide over the external imbalance. These institutions made reformation policies and Nepal had to implement these policies. Nepal entered into the new era of international economic order termed as 'Globalisation'. Nepal formulated and implemented many economic reformation policies compatible with the process of globalisation, liberalisation and privatisation in order to accelerate the process of economic globalisation. This paper aims at studying and analyzing effects of globalisation of Nepalese economy on GDP growth rate and its composition during last three decades starting from 1991/92. The study finds that the globalisation of Nepalese economy has not been able to accelerate the pace of economic growth at desired level.
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Budhathoki, Krishnahari. "Remittance: Role and Challenges in Nepalese Economy." Economic Journal of Nepal 40, no. 1-4 (December 31, 2017): 78–84. http://dx.doi.org/10.3126/ejon.v40i1-4.35950.
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Both developing and developed countries have made a significant study of remittance and labor migration. Developing countries have attained benefits from remittance to uplift economic activities like maintaining household consumption, increasing pattern of saving and investment, receiving foreign currencies for imports, making favorable balance of payments, diplomatic activities, enhancing social and infrastructural development and maintain macroeconomic stability. The study explores the role and challenges of remittance in Nepalese economy. No doubt, Nepal as least developing country attains lots of benefits from remittance and labor migration. Along with such economic and social benefits, remittance generates a lot challenges in economy such as brain drain, trade deficit, shortage of man power, higher labor cost, backwardness of productive sectors of economy and a lot of social problems. The study also points out of effective use of remittance that helps to mobilize internal resource to create employment opportunities in a country with a formulation of proper implementation of necessary policy regarding a proper utilization of remittance.
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Kharel, Khom Raj, and Yadav Mani Upadhayaya. "Economic Diplomacy and Its Impact on Nepalese Economy." Management Dynamics 24, no. 1 (July 4, 2021): 55–65. http://dx.doi.org/10.3126/md.v24i1.47544.
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Economic diplomacy is concerned with how a government maintains economic relations with other nations and what steps it might take to enhance its economy. If economic and diplomatic relations are good, more benefits can be reaped from diplomatic partner countries. Economic diplomacy plays an important role in a country’s ability to prioritize and benefit from deployment partners. By developing economic diplomatic connections, Nepal has the opportunity to profit from the neighboring countries. Despite the differences in the ideology and vision of political parties, it is necessary for the country, the people and development to rise above partisan vision and move forward with a new vision. Reaching more economic benefits from respectable and balanced economic diplomacy has become imperative. This study has been conducted to review economic diplomacy and examine the impact of economic diplomatic relations on foreign direct investment, foreign employment, and the tourism economy. It measured the impact of economic diplomatic relations on FDI, foreign employment and the tourism economy by applying multiple regression models. The impact of FDI, foreign employment and the tourism economy has been analyzed from 2001 to 2019. The study’s finding shows that there has been a significant impact on remittance income and incomes from the tourism industry.
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Katuwal Chhetri, Rajan, Prabhat KC, and Shiva Chandra Dhakal. "Remittance and its Impact on Nepalese Economy." Acta Scientific Agriculture 4, no. 3 (February 28, 2020): 01–05. http://dx.doi.org/10.31080/asag.2020.04.0818.
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Devkota, Shiva Prasad. "Contribution of Co-operative in Nepalese Economy." Madhyabindu Journal 6, no. 1 (December 31, 2021): 38–49. http://dx.doi.org/10.3126/madhyabindu.v6i1.42763.
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This study "Contribution of Co-operative in Nepalese Economy" (A Case Study of Paropakar Saving and Credit Cooperative Ltd) is an attempt to explore the overall status and activities, credit, and the investment pattern in the business sector of Paropakar saving Credit Cooperative Ltd, and also find out the types of credit provided to the team members of saving and Cooperative. This study is based on both qualitative and quantitative research designs. It employed historical, analytical, and descriptive research exclusively based on secondary data. Annual report of Paropakar Saccos to achieve the research objective. I have edited, coded, and tabulated the accumulated data and presented it in the form of a graph, table, chart, and trend line. The finding of the study shows that there is a high investment in NEFSCUN in comparison to other sectors. It provides a huge amount of business loans to the businessman for the creation of economic activities which ultimately helps to achieve the economic goal of the cooperative. It also reflects that the investment pattern is low in comparison to the credit patterns in the Saccos. The cooperative should invest the money in the productive sector which helps to uplift the living standard of poor, marginalized, vulnerable, women, disabled, and economically disadvantaged people and high rate of economic growth. Moreover, by providing various loans, Co-operative helps to attract the youth in the agriculture sector, and also helps to produced small scale to the higher-level businessman.
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Devkota, Satis. "Impacts of COVID-19 on Nepalese economy." Applied Science and Technology Annals 1, no. 1 (June 30, 2020): 119–21. http://dx.doi.org/10.3126/asta.v1i1.30283.
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Even though Nepal reported the first confirmed case of COVID-19 in late January 2020, Nepal was one of the least affected countries in South Asia until the end of April 2020. Lockdown and social distancing were implemented from the very beginning and people also contributed voluntarily with certain exceptions to that government’s efforts. That has a positive effect on flattening the curves of COVID-19 affected people and the related death rates in Nepal. However, the macroeconomic consequences of the pandemic are pretty high for a remittance based small economy. This hardship is further escalated when the excessive inflow of the Nepali migrant workers from India carried and transmitted the virus to 1,811 people by June 1, 2020. Still, that number is not high if the government gets success to control the spread outright.
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Gautam, Meera. "Role of Manufacturing Industries in Nepalese Economy." Management Dynamics 21, no. 1 (February 28, 2018): 34–45. http://dx.doi.org/10.3126/md.v21i1.27002.
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Nepal is an agriculture country major labor force is employed, and contributes nearly thirty percent of GDP. Countries have adopted the policy of industrialization and create jobs for the economic active population. This paper discusses and tries to identify the role played by the manufacturing enterprises. Basically share in GDP, employment, value addition and gender participation. A simple average, straight line growth trend and percentiles are used for the role measurement. The source of data is mainly censuses on manufacturing enterprises conducted in Nepal since first one from1991 to last one in 2012 and Economic Survey. Analysis of the data indicates that the total number of operating establishments is declining, in the same way the total number of employees is also declining. The highest percentages of female workers are engaged as operative workers in all the CMEs. It is realized that whatever the status measured may help to the policy makers or researchers to correlate and analyze further. It is recommended the need of further information is needed on market opportunities and challenges in the past and present, investment and export potential and bottlenecks. This would be useful to entrepreneurs and policy makers alike.
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Sah, Binod, and Dhruba Lal Pandey. "VAT elasticity on Nepalese economy without agriculture." Nepalese Journal of Management Research 3, no. 1 (August 24, 2023): 16–25. http://dx.doi.org/10.3126/njmgtres.v3i1.57910.
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This paper seeks to examine the elasticity of Value added tax (VAT) on Nepalese economy without agriculture. It, therefore, analyzes the impact of VAT on GDP in aggregate level without agriculture. This study adopts explanatory research design and attempts to determine the relationship between VAT and the GDP, exchange rate, market capitalization money supply and government spending being the intervening variables included in the model. In order for the specification of a model of cointegrated regression model with a time series data of the variables are employed for the study period of 20 years, from 1998/99 to 2017/18. The values of all the variables are converted into real price (constant price) by GDP deflator. The GDP deflator and CPI year 2013/14 have been assumed equivalent to the base year 2013/14 according to Nepalese fiscal year. Since it is observed that residuals are not normally distributed, autocorrelation and multicollinearity problem in the model, it is necessary to improve the non-normal distribution, autocorrelation and multicollinearity problem in the model. Therefore, the data are transposed into first difference and run the model with error correction model. The diagnostic test suggests that the residuals do not violet classical assumptions. The lagged residuals from 5.7.2 equation of Table 5.9 are statistically significant indicating the acceptable ground to take variable as cointegrated set. The result allows long-run and short-run dynamics of all the relationship between GDPWA and VAT. The estimated coefficient of VAT in error correction model shows that one percent point rise in VAT has led to 0.438 percent point increase in real GDPWA in short-run, whereas it is found 0.558 percent point in long-run. It means that short-run marginal productivity of VAT is 0.438 percent point, whereas its long-run percent point is 0.558.
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Khatri, Bishnu Bahadur, Raghubir Bista, and Krishna Raj Acharya. "Contribution of Micro-Enterprises in Nepalese Economy." Contemporary Research: An Interdisciplinary Academic Journal 6, no. 2 (December 5, 2023): 21–36. http://dx.doi.org/10.3126/craiaj.v6i2.60245.
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Micro-enterprises in Nepal are vital, fueling employment, GDP growth, exports, and more. In this context, this paper aims to deal with investment, income and employment (IIE) analysis of Micro-enterprises in Nepal. Using descriptive statistics and multiple regression model, the study has employed cross-sectional data set collected from enterprises survey in the Ward No.14 of Kathmandu Metropolitan City. In the survey, the sample size was 30 small enterprises including tea stall, sweets, haircutting, meat shops, and vegetables. In the enterprises, high investment that is 80 percent have generated high income level that is multiple times of investment in retail enterprises, except hair cutting, meat shops, boutique, sweets and vegetables. In employment generation, all enterprises have positive implications. Besides, the model shows positive relationship between income, investment and employment. However, it is statistically insignificant because p value is greater than 0.05. However, in real life, this is significant because the main attractive investment fields are hair-cutting and meat shops. It is clear that investment output depends on the presence of such business units in their vicinity. The relationship between income and investment is statistically insignificant (p-value 0.416 > 0.05), and the same is true for income and employment (p-value 0.445 > 0.05). The number of employees and the type of business are closely related (p-value 0.000 to 0.01). Therefore, the micro-enterprises are a prominent economic activity to generate self-employment, income generation and promoting small scale investment. This study result significantly contributes on generic perception of the policy makers on enterprises development statistically to continue enterprises development programs and policy of the government of Nepal and Kathmandu Metropolitan city to boost up local economy as well as national economy. Furthermore, the study result provides a valuable lesson learnt to create doing business environment of micro-enterprises within Kathmandu for building a strong local supply and value chain system rather than prohibition policy.
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Bhusal, Bijaya. "Multiplier Effect of Investment in Nepalese Economy." Nepalese Journal of Management Research 4, no. 1 (March 13, 2024): 60–64. http://dx.doi.org/10.3126/njmgtres.v4i1.63702.
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Investment refers to the expenditure made on physical and human capital and is one of the components of gross domestic product by expenditure method. Multiplier effect explains the extent by which national income changes due to the change in the investment. This study aims to find out the relationship between total investment and economic growth and further estimates the multiplier coefficient of investment in Nepalese economy using linear regression model taking time series data from FY 2002/03 to FY 2022/23. Gross domestic product is the dependent variable and gross capital formation is an independent variable. The secondary data is collected from the publications of Nepal Rastra Bank is processed and analyzed by using SPSS statistical software. Gross capital formation of Nepal in that period represents the total investment. From the analysis of collected data, it is observed that there is positive and significant relationship between gross capital formation and gross domestic product. The estimated multiplier coefficient of investment is found to be 2.645 (t-value = 23.772; p-value <0.001).
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Ashmita Dahal Chhetri. "The Impact of Trade Deficit in Nepalese Economy." Journal of Balkumari College 10, no. 1 (January 5, 2022): 73–88. http://dx.doi.org/10.3126/jbkc.v10i1.42108.
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The objective of this paper is to study and analyze the growth and direction of Nepalese foreign trade along with the causes and recommendations of trade deficit. Efforts have been made to sort out the principal sources of the trade deficit in Nepal. Landlockedness, political instability, lack of export diversification, devaluation of domestic currency, lack of resources, etc. are the major causes of the trade deficit in Nepal. Nepal, being not self-reliant on factors of production, consumer goods and capital goods, needs to import goods from abroad. On another hand, Nepal’s exports are heavily concentrated; both in terms of product and destination. Nepal’s major trading partners are India, China, U.A.E, etc. During the year 2019/20, Nepal exports goods worth RS. 97.71 Billion And import goods worth RS. 1196.80 billion Leading to a trade deficit of Rs.1099.09 Billion. Trade deficit is acting as negative catalyst in the economic growth and GDP of a country. Increased deficit has caused suppressed inflation. Import to export ratio is continuously increasing as demand is increasing and these demands could not be met by the domestic producers. During the year 2019/20, the contribution of trade on GDP of Nepal is 40.65%. No doubt, trade is an engine of economic growth. So, after analyzing barriers in the foreign trade, some of the steps to be taken are recommended which includes the development of competitive ability and enhancement of Human Resources, commodity and market diversification, formulation of strong legal framework and trade policy, incentives for the promotion of export and priority in the agricultural and hydropower sectors.
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Shrestha, Pradip Kumar. "Trade Liberalization Process and Its Impact on Agriculture Sector in Nepal." EFFORTS, Journal of Education and Research 4, no. 1 (March 30, 2022): 52–80. http://dx.doi.org/10.3126/ejer.v4i1.44172.
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This study examines the process of Nepal's trade liberalization and its impact on Nepalese agriculture sector. It explains and analyzes the various economic policy reforms undertaken in Nepal including trade, fiscal, industrial, and financial reforms; and explains how these reforms supplemented one another to promote trade liberalization. It is descriptive and analytical study. Simple descriptive statistical tools were used to analyze the impact of trade liberalization on agriculture sector in Nepal. The study finds that trade liberalization has not caused any significant changes in the position of Nepalese agriculture sector. It means a condition of Nepalese agriculture has not been improved and it is being deteriorated. Similarly, export/import ratio has been further decreased continuously after trade liberalization implying that power of export of agro product to purchase import of agro product is continuously diminishing. Similarly, there is continuous trade deficit in food item and live animal after trade liberalization. Role of agriculture in the economy has been decreased. It has increased the dependency on foreign agricultural products.
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Kharel, Khom Raj, and Yadav Mani Upadhyaya. "Contribution of Cottage and Small Scale Industries for Boosting Nepalese Economy." Tribhuvan University Journal 36, no. 01 (December 31, 2021): 45–57. http://dx.doi.org/10.3126/tuj.v36i01.43515.
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This study aims to examine how the cottage and small scale industries (CSIs)boosting the national economy of Nepal. As per various studies, CSIs play a great role for empowering Nepalese economy in terms of employment generation, resources mobilization, capital mobilization as well as import substitution of Nepalese foreign trade. The study has explored the contribution of these industries in the diversified areas. Development and promotion of cottage and small industries enhance significant impact on national economy having drastic effects on job creation and resources utilization in Nepal. Descriptive and analytical research design has been applied to analyse the data by using simple statistical tools. The results show that there have been positive influences on employment generation and capital mobilization in Nepalese economy. The study demands that there should be paid more attention toward the development of CSIs for increasing contribution of these industries boosting national economy.
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Khanal, Madhav. "Nepalese Tax Structure: An Analytical Perspective." JMC Research Journal 7, no. 1 (December 2, 2018): 15–26. http://dx.doi.org/10.3126/jmcrj.v7i1.34355.
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Tax is the major source of revenue for the government, and development of any country’s economy largely depends on the tax structure it has adopted. A Tax structure which facilitates easy business and leaves no chance for tax evasion brings prosperity to a country’s economy. On the other hand, tax structure that has provisions for tax evasion and the one which does not facilitate ease of doing business shows down the economic growth. Nepal has a well-developed tax structure. The power to levy taxes and duties is distributed among the three tiers of the Government, in accordance to the constitutional provisions. Nepali tax system has gone through many reforms but still it is very far from being an ideal one. Many problems like tax evasion, reliance on indirect taxes, black money and existence of parallel economy show that Nepali tax system requires some major reforms in the future ahead to address all this problem. This study is purely based on secondary data. Various figures are obtained from different sources of the government of Nepal. It is seen that there is major dependence on indirect taxes than the direct taxes.
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Kharel, Khom Raj, Yadav Mani Upadhyay, and Suman Kharel. "Nepal-China Bilateral Economic Cooperation Empowering Nepalese Economy." Patan Pragya 9, no. 02 (December 31, 2021): 128–43. http://dx.doi.org/10.3126/pragya.v9i02.42031.
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Bilateral economic cooperation is one of means for improving economic, social and political relations between two countries. Nepal and China have been enjoying good neighborly respects and benefit since the establishment of diplomatic relations in 1955. Both countries behave a good neighborhood relations and enjoyed fruitful bilateral cooperation and mutual support and following the social and economic development activities by exchanging cooperation in the areas of trade, tourism, investment and connectivity, building human capital and infrastructure and deepening people to people relations is at the center of Nepal-China bilateral relations. Within Nepal and China, there are marvelous possibilities promoting socio-economic transformation and raising the living standard of people through the mutual cooperation in the areas of mutual interest. Cooperation under the Belt and Road Initiative (BRI) is of great significance for Nepal and China. The present study is conducted with the aim of examining the economic impact of bilateral economic cooperation between Nepal and China. The impact of bilateral cooperation with China in Nepalese economy has been analyzed in terms of FDI flows, trade between Nepal, China and economic assistance from China to Nepal and tourists arrivals from China over the period of 2000-2019 by applying simple statistical tools and simple linear regression model. The results show that there have been positive influences on Nepalese economy with bilateral economic cooperation of China.
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Shah, Birendra Narayan, Md Iqbal Bhuyan, Sung-Sik Kim, and Rukshana Salam. "Financial Intermediation and Economic Growth: Evidence from Nepal." International Academy of Global Business and Trade 19, no. 3 (June 30, 2023): 151–68. http://dx.doi.org/10.20294/jgbt.2023.19.3.151.
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Purpose - This study aims to investigate the role of financial intermediation in Nepalese economic growth using time-series data over the period from 1974 to 2019. In order to establish the relationship, GDP per capita is used as a proxy for economic growth, while private sector credit, commercial bank assets, and the broad money supply serve as proxy measures of financial intermediation.
Design/Methodology/Approach - To obtain empirical results, the Johansen test of co-integration, the vector error correction model, and the Granger causality test are applied.
Findings - The results support finance-led growth in Nepal, implying that financial intermediation is positively associated with economic growth in the long run. A positive association with total trade was observed in the short run, but a negative effect was found in the long run. Granger causality tests indicate that the broad money supply and commercial bank assets are bidirectionally related to Nepal’s economic growth, while private sector credit is unidirectional.
Research Implications - The findings suggest that if central bank authorities prioritized monetary policy tools, it may foster economic growth in Nepal in both the short- and long terms. In addition, for the persistent growth of the Nepalese economy, the banking sector should be reformed by employing more liberal policies. The study also suggests that policymakers should take immediate action to correct the direction of Nepalese foreign trade.
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Bhattarai, Santosh Kumar, Suman Bhattarai, Chandan KC, and Arun GC. "Circular Economy and its Prospects in Nepalese Agriculture." Turkish Journal of Agriculture - Food Science and Technology 9, no. 1 (January 21, 2021): 42–49. http://dx.doi.org/10.24925/turjaf.v9i1.42-49.3652.
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‘Circular economy’ in agriculture centres on the production of agricultural commodities using a minimal amount of external inputs, closing nutrient loops and reducing negative discharges to the environment (in the form of wastes and emissions). This can be achieved through the (re)design of maintenance, repair, reuse, remanufacturing, refurbishing, and recycling. Under the principles of CE, products and materials approaching their end-of-life stage can be regenerated or restored or replaced. Circular agriculture is aimed at closing the loop of materials and substances, and reducing both resource use and discharges into the environment. New measures like environmental taxes, insurance for liability resulting from environmental damage, cap and trade system and environmental labelling can be explored to promote transition of a current linear model to a circular one. The circular economy in Nepal is in infant stage and there is plenty of works to be done in this sector. The results of the paper will be instrumental for the transition of Nepalese agricultural sector to a more circular one.
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Mansuri, Jabed. "The Impact of Trade Deficit in Nepalese Economy." Journal of Management 4, no. 1 (August 3, 2021): 65–80. http://dx.doi.org/10.3126/jom.v4i1.38666.
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This study aims to explore more information about the economic performance of Nepal and the impact on the economy caused by foreign trade. The trade deficit impacted directly on the financial performance of the country. It affected the GDP of the nation, supply side, interest rate, price of commodities and FDI. The article has discussed the relationship with the major trading partner of Nepal and other countries. Besides this, a quantitative research method was used in this research paper. Information in this article was collected from a secondary source of data. The reliability of this study depended on the reliability of secondary data. The analysis was based on a simple statistical tool. Concerning the methodology, it is based on exploratory data analysis. The comparison has been made in this paper with primary trading partner countries India, China and other countries. This study has found the deficient export performance of Nepal, which has created the problem of rapidly increasing trade deficit. Trade deficit became one of the major causes that lead the national economy to downturn side.
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Ranamagar, Udaya Bahadur, and Naba Raj Upadhyaya. "Remittances and Economic Growth: A Causality Analysis for Nepal." Indian Journal of Economics and Finance 2, no. 2 (November 30, 2022): 25–33. http://dx.doi.org/10.54105/ijef.b2523.112222.
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This paper deals with remittance and the economic growth of Nepal. Remittance is a significant source of the Nepalese economy. It is one of the critical sectors, and it has directly related to the immigration of people. This study aims to identify the relationship between Nepal's migration, remittance, and the economic growth. This paper is based on secondary sources of information. The Granger causality test examines the causality between remittance and economic growth of Nepal. The result of the Granger causality test shows that both the Nepalese people's entry and exit from the country are significant for the economic growth of Nepal. The remittance received from migrated people is significant for the economic growth of Nepal. The contribution of remittance to GDP has increased, and the poverty level has decreased over the years. The education sector has improved, and the development level is gradually increasing. Therefore, there is an urgent need for policies with a high priority on national interests for managing international migration (both emigration and immigration) and remittance. This implies that the policy maker should implement an appropriate policy to invest in capital formation. It may be conducive to the economic growth of Nepal.
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Didiya, Muraj. "The Remittance and the Private Investment in Nepal." Bagiswori Journal 1, no. 1 (February 1, 2019): 33–40. http://dx.doi.org/10.3126/bagisworij.v1i1.56316.
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The paper aims to analyze the relationship between remittance and private investment in Nepalese economy. The study used the Least Squared Regression Analysis with 43 years' time series data of remittance inflow and private investment over the period of FY 1974/75 to 2017/18 of Nepal. The study found that foreign remittance has a significant positive impact on private investment of Nepalese economy.
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Koirala, Madan. "Green economy in post COVID-19 scenario: Nepalese perspective." Applied Science and Technology Annals 1, no. 1 (June 30, 2020): 169–72. http://dx.doi.org/10.3126/asta.v1i1.30301.
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COVID-19 might bring a change in socio-economic order, like some socio-economists have started to use the term Before COVID -19 (BC) and After COVID -19 (AC) time period of human history. Postindustrial revolution era of developmental trend of the world is taking a shift, as futurist professionals have started to debate from their perspective. Nepal, though dependent on remittance as major share of GDP, is basically green economy based from ecosystem perspective as it was under harnessed. Since, “cereals couldn’t be grown on the smartboard, neither Artificial Intelligence (AI) chips could be eaten”, a paradigm shift is obvious with minimal option. In a juncture of time, Nepalese migrant workers, a major source of revenue contributors are returning back to the country due to COVID-19. An alternative national policy to live within the country being involved in green economy is the major way, to contribute the productivity. Out of the land use types of Nepal, majority of population still engaged in green based economy will be the best direction to adopt. In addition, Nepal as one of the countries worst hit by the impact of climate change, despite having only 0.06% emission of GHGs out of the global share at 2011 value. The country has adopted low carbon emission economic growth path even before the COVID-19 pandemic outbreak.
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Poudel, Omkar, Khom Raj Kharel, and Yadav Mani Upadhyay. "Assessing the Contribution of Agriculture for Boosting Nepalese Economy." BMC Journal of Scientific Research 4, no. 1 (December 31, 2021): 31–41. http://dx.doi.org/10.3126/bmcjsr.v4i1.42246.
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Agriculture sector is the main components of economic development of developing countries likeNepal. This sector contributes boosting economy in terms of GDP, employment and food security,as more than 60% of Nepalese residents chose agriculture as their primary source of income. Theincrease in output and productivity in this sector is crucial for reducing poverty through long-term,high-growth economic growth. Increased agricultural production and output are important contrib-utors to the country's overall economic development. This study aims to look at how the agriculturesector contributes to the Nepalese economy's growth. Using data collected over a 20-year period,a simple linear regression model has applied to determine the economic impact of farm sector pro-duction on real GDP. The study finds a positive impact of agriculture sector on real GDP and othersectors. Though, agriculture sector has been facing diversified challenges improving its productionin Nepal.
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Sharma, Yadab Raj. "Trend and Impact of Public Debt in Nepalese Economy." Academic Voices: A Multidisciplinary Journal 4 (March 28, 2015): 85–89. http://dx.doi.org/10.3126/av.v4i0.12363.
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The public debt or public borrowing in Nepal is considered to be an important source of income of the government. Public debt helps to achieve targeted economic growth and to narrow down the gap between expenditure and revenue. However, the country is falling into debt trap in the form of interest and principal payment. In this article an attempt has been made to find out the situation, trend and impact of public debt on Nepalese economy.DOI: http://dx.doi.org/10.3126/av.v4i0.12363Academic Voices Vol.4 2014: 85-89
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Khanal, Mukesh. "Monetary Neutrality in the Nepalese Economy during 1975-2008." NRB Economic Review 23, no. 1 (May 20, 2011): 71–91. http://dx.doi.org/10.3126/nrber.v23i1.52752.
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One of the methods of measuring the effectiveness of monetary policies is via inspection of monetary neutrality in the economy. It is a concept from classical economics and it suggests that changes in nominal variables do not have any impact on real variables. This paper studies the presence or absence of effective monetary policy in Nepal between 1975 and 2008 by observing money supply (nominal side), and real GDP (real). Results suggest that an increase in money supply immediately lowers the real GDP in the short run, but has no effect on real GDP in the long run. This evidence suggests that Nepal Rastra Bank’s monetary policies between 1975 and 2008 may have been counter-productive in the short-run, but they were effective for long-run growth and stability of the Nepalese economy.
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Kharel, Khom Raj, and Suman Kharel. "Contribution of Tourism Industry in Nepal: Measuring Its Economic Impact." Patan Pragya 7, no. 1 (February 22, 2021): 110–22. http://dx.doi.org/10.3126/pragya.v7i1.35112.
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This research paper is concern with the economic impact of tourism industry in Nepalese economy. Tourism industry is multi-industry and multi-product and tourist demand is complementary and has to be met by a number of goods and services, which are not only spatially disparate but also functionally different. The tourist product is of a highly perishable nature and the bulk of tourist facilities have an in-built inflexibility. It initially reviews the concert and using a model, it deals with the factors affecting the economic impacts associate with tourism. The economic impact is measured in terms of direct employment, foreign exchange earnings, GDP and government royalty due to the flow of total tourists arrival of tourists in different fiscal years by using linear regression model and correlation. Results reveal that there is positive economic impact of tourism industry in Nepalese economy.
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Kharel, Khom Raj, and Suman Kharel. "Analyzing the Economic Impact of Foreign Employment on Development Prospective of Nepal." Management Dynamics 23, no. 2 (December 31, 2020): 119–30. http://dx.doi.org/10.3126/md.v23i2.35814.
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Foreign employment has become one of the major sources of households’ income for Nepalese society. Nepal has become one of the major labors exporting country. After 1990s, remittance is playing a crucial role for foreign currency earnings and favorable impact on balance of payment situation, to reduce the number of people in the country below the poverty line and ultimately to the economic growth of the nation. This paper tries to examine the economic impact of foreign employment on remittance as well analyze the growth and trends of foreign employment and remittance on development prospective in Nepalese economy. Some descriptive statistics such as percentage, ratio, pie-chart, bar diagram and line chart are used to explain the growth and trends of foreign employment as well as situation of remittance in Nepal. Correlation and linear regression model are used to analyze the impact of foreign employment on remittance. The inflow of remittance growth rate has positive association along with significant contribution of remittance to Gross Domestic Product in Nepalese economy. Also, foreign employment has important effect on remittance. Foreign employment is one of the effective instruments for poverty alleviation and social changes.
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Rijal, Chanakya P., and Sudip Ghimire. "Prospects of Creating Memorable Experience in Nepalese Tourism and Hospitality Industry." Journal of Tourism and Hospitality Education 6 (May 10, 2016): 40–66. http://dx.doi.org/10.3126/jthe.v6i0.14767.
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This paper contributes to explore the concept of experience economy theory of Pine and Gilmore (1998) as a basis for measuring the prospects of creating memorable experience in Nepalese tourism and hospitality industry identifying the key elements of Nepalese tourism and hospitality industry and its dimension based on the four realms of experience as proposed by the author of experience economy theory. For assessing this result, an ethnographic study based on semi-structured interview were conducted with leading professional of Nepalese tourism and hospitality field and also with a visitor. The result of the study has clearly depicted and further elaborated the Nepalese key elements of tourism and hospitality experience, present status, major attributes, underlying anticipation of the industry, illustrating the implication while focused on the various core elements and the indigenous attributes of Nepalese tourism and hospitality industry. However, the results are confined only with the prospects based on the confirmation of the scope in experience economy for this industry with very little focus on the prospects for designing further experience or staging the experience. It has also served as a basis for understanding the emergent theory in experiential consumption of tourism and hospitality services in Nepalese sector that can be applied to the varying stage of development in the promotion and marketing of tourism and hospitality service offering. Consequently, it has also offered a new theoretical direction for tourism and hospitality policy makers, planners as well as a practical insight for the contemporary application of the findings for marketers and decision makers.Journal of Tourism and Hospitality Education (Vol. 6) Page: 40-66
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Khanal, Shree Ram. "Role of radio on agricultural development: A review." Bodhi: An Interdisciplinary Journal 5, no. 1 (May 6, 2013): 201–6. http://dx.doi.org/10.3126/bodhi.v5i1.8054.
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This article discusses the role of radio in agricultural development of Nepal. The work is based on the review of some selected texts. The author’s main position here is that Nepal's present radio boom bears a high scope for a significant role in the promotion of agriculture, and that discoursing this issue should get due importance since Nepalese economy is highly dependent on agricultural products. Bodhi: An Interdisciplinary Journal, 5, 2011, Page 201-206 DOI: http://dx.doi.org/10.3126/bodhi.v5i1.8054
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Dewan, Shankar, and Chandra Kumar Laksamba. "Hybridity in Nepalese English." Journal of World Englishes and Educational Practices 2, no. 6 (December 30, 2020): 13–22. http://dx.doi.org/10.32996/jweep.2020.2.6.2.
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With its unprecedented spread globally, English has been diversified, nativized, and hybridized in different countries. In Nepal, English is code-mixed or hybridized as a result of its contact with the local languages, the bilinguals’ creativity, and the nativization by Nepalese English speakers. This qualitative content analysis paper attempts to describe hybridity in Nepalese English by bringing the linguistic examples from two anthologies of stories, two novels, five essays and two articles written in English by Nepalese writers, one news story published in the English newspaper, advertisements/banners, and diary entries, which were sampled purposively. The present study showed that hybridity is found in affixation, reduplication, compounding, blending, neologisms, and calques. Pedagogically, speakers of Nepalese English can utilize linguistic hybridization as a powerful tool to nativize English in the local contexts, exhibit hybrid identities and linguistic co-existence, exercise their bilingual linguistic creativity, reduce their linguistic anxiety, and maximize the linguistic economy.
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Khanal, Nirdosh. "Impact of Corona Virus pandemic on Different sectors of Nepalese Economy." Management Dynamics 23, no. 2 (December 31, 2020): 243–54. http://dx.doi.org/10.3126/md.v23i2.35825.
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Novel coronavirus (COVID-19) causing persistent drumbeat of positive tests and reported deaths across the globe, has created widespread crisis in Nepal as well. The crisis has already led into an economic and labour market shock, impacting both on demand and supply chain. Due to the outbreak of this deadly coronavirus, Nepal has started to suffer the most abrupt and widespread cessation of economic activity. The goal of this paper is to study the emerging and rapidly growing literature on the impact of COVID-19 on various economic and social sectors and to synthetize the insights emerging from a very large number of studies. This study summarizes the literature on the socio-economic consequences of corona virus and consequent lockdown imposed by government on Nepal. This study revealed that COVID-19 has negatively impacted macro economy of country lowering national GDP, decreasing revenue collection, slowing economic growth rate, decreasing wage rate, price inflation and causing loss of employment opportunities. The study showed that almost every sector of socio-economics has been slowed down that adversely effect on country’s economy. The effect are identified on Remittance, Labour and Employment, Tourism, Education and Agriculture (Dairy, vegetables and Poultry) .The uncertain impact of the COVID-19 pandemic on Nepal’s social economy will magnify depending on how events unfold on three fronts; i) its dependence on tourism, trade, and foreign employment and the consequences that will propagate through the services and industrial landscape; ii) if or when the spread of the pandemic overwhelms a grossly inadequate health infrastructure and antivirals or vaccine become available and iii) Nepal’s heavy geo-economic reliance on India and China, and the nature of contagion in those countries.
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Khanal, Nirdosh. "Review on Insurance and their Present Status in Nepalese Economy." Management Dynamics 23, no. 1 (March 9, 2020): 239–52. http://dx.doi.org/10.3126/md.v23i1.35583.
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The study aims to overview the types of insurance operating in Nepal, product delivered by them and status of insurance market in Nepalese economic development. The paper is based on secondary data and literature reviews. Insurance can be acknowledged as tool that shares risk, offers financial protection, minimizes the financial distress and accelerates the pace of economic growth. Insurance encourages saving in the society and collects the scattered fund in term of premium and invest for maximization. Presently 40 insurance companies (19 life insurance, 20 non-life insurance and 1 reinsurance) are operating in Nepal providing diversified range of services. Recently agriculture insurance on crop and livestock sector and health insurance policy is being offered through many governmental and private insurance companies of Nepal. Insurance Board statistics of 2017 revealed total premium of 46.97 billion rupees and 2.03% contribution in total gross domestic product. We cannot deny the fact that insurance market of Nepal is witnessing major obstacles in terms of new product innovation, service issues related to consumers and time lapse of long-term policy. The study concludes that with little improvisation based on market research and consumer awareness can lead insurance companies & the concept to a peak level in Nepal.
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Kharel, Khom Raj, Yadav Mani Upadhyaya, and Ramesh Bahadur Khadka. "Assessing the Nepalese Economy Through the Vision of Cooperative Resources." Janapriya Journal of Interdisciplinary Studies 11, no. 1 (December 31, 2022): 94–109. http://dx.doi.org/10.3126/jjis.v11i1.51650.
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This article examines cooperative development strategies and resource mobilization to analyze Nepal’s cooperative development. Analytic approaches were used to explore the design and regulations of the coop in new developments, and resource mobilization was investigated using simple statistical tools. The study’s primary purpose is to evaluate collaboration strategy and principles during development plan periods and investigate cooperative resource mobilization. Secondary data and descriptive statistics are used to analyze tables, pie charts, and line graphs. A simple regression model considers employment and debt investment as two variables. Regression analysis reveals that debt investment positively impacts employment during the study period. Every additional unit of debt investment results in a 1.12 percent increase in employment. The results imply that debt investment and employment significantlyimpact during the study period.
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Kunwar, Keshar Bahadur. "Impact of External Debt on Economic Growth of Nepalese Economy." Far Western Review 1, no. 1 (September 4, 2023): 73–86. http://dx.doi.org/10.3126/fwr.v1i1.58328.
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This paper aims to identify the impact of external debt on the GDP of Nepal using a qualitative and quantitative research design (mixed design). The test of the unit root of the series is the first step in determining whether the data are stationary or not. An augmented Dicky-Fuller unit root test and a co-integration test are employed to check the relationship of the variables under study. This study reveals that LNED, LNGFCF, LNTR, LNEXP, LNREM, and LNBRATE are insignificant. The coefficient of LNED (-0.82) implies that a 1 percent increase in external debt leads to a decrease of 0.82 percent in gross domestic production, just as a 1 percent increase in gross fixed capital formation contributes to an increase of 3.28 percent in GDP. other macroeconomic variables like the coefficient of LNTR (-3.78) imply that a 1 percent increase in total revenue decreases 3.78 percent in GDP; the coefficient of LNEXP (2.93) implies that a 1 percent increase in government expenditure increases 2.93 percent in GDP. In the same way, LNREM and LNBRATE contribute negatively to GDP. The speed of adjustment from the previous year’s disequilibrium in GDP added to the current year’s equilibrium is only 20.63 percent. Heteroscedasticity test: Breusch-Pagan-Godfrey and normality test are greater than 5 percent, which is desirable. So, this model is free from heteroscedasticity. The residual is normally distributed. The model is robust and stable, as both the lines’ long-run and short-run coefficients are acceptable over the study period from 1974/1975 to 2019/20. The diagnostic tests confirm that the models have the desired econometric properties.
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Khatri, Bishnu Bahadur, and Tirtha Raj Timsina. "Status of Agricultural Stagnation in Nepalese Economy: A Descriptive Analysis." NUTA Journal 10, no. 1-2 (December 31, 2023): 1–14. http://dx.doi.org/10.3126/nutaj.v10i1-2.62827.
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Agriculture contributes as a means of survival for more than half of the total population in Nepal, the production and productivity of the sector remain stagnant during the recent years. In this connection, the aim of this research paper is to find out the current status and causes of agricultural stagnation in Nepal. This is a review based descriptive research paper having quantitative information. Secondary data are used to accumulate the information and describe the result depending on the research objective. The result of this paper revealed that there are some factorsuch as technological backwardness, absentee landlords, migration, and attraction of the youth for remittance income abroad are responsible for agricultural stagnation. Mitigation of such factors through the intensification and modernization for agricultural transformation is well accepted measure to enhance agricultural outcomes by which the problem of agricultural stagnation would be resolved.
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Phuyal, Ram Kumar, Madhusudan Bhattarai, and Yadu Nath Acharya. "The COVID-19 Pandemic Impact on the Remittances and Major Economic Factors of Nepal: A Retrospective Assessment." Economic Journal of Development Issues 37, no. 1 (March 27, 2024): 48–65. http://dx.doi.org/10.3126/ejdi.v37i1.63916.
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The COVID-19 epidemic has had a significant impact on Nepal, primarily due to the closure of businesses in key migrant labor destinations such as the Gulf countries, Malaysia, and South Korea. Remittances account for 26% of Nepal's GDP, but they have dropped significantly since COVID-19. This study examines the impact of a negative shock to remittances on macroeconomic variables and makes policy recommendations. The analysis finds that a drop in remittances correlates with slower growth in consumption (2.5%) and foreign exchange reserves (17.7%) over a 20-year period, using both quantitative and qualitative data. The result shows that the Nepalese migrant crisis, exacerbated by the economic downturn in destination countries, has led to a substantial decline in remittance inflows, causing a 15.33% monthly decrease. This poses a threat to Nepal's economy, affecting consumption, GDP growth, and key macroeconomic variables. The results thus emphasize the importance of immediate relief and bolstering economic recovery initiatives by investigating potential outcomes of the pandemic's impact on key economic indicators.
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Kafle, Hari Bol. "The Effect of Covid-19 on Remittance Economy of Nepal." Research Nepal Journal of Development Studies 4, no. 1 (June 25, 2021): 94–109. http://dx.doi.org/10.3126/rnjds.v4i1.38041.
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Remittance in Nepal before the Covid-19 outbreak was the largest source of microeconomic stability since it has contributed 26 percent of the total Gross Domestic Product. Indeed, it is a principal income of the workers’ household since 55.8 percent of the Nepalese households have been receiving it. As expected, the potential inflow of remittance after Covid-19 decreased massively and it has an unprecedented adverse effect on the overall Nepalese economy, downsizing from national-level income to everyday living patterns of rural Nepal. The paper aims to analyses the present economic condition based on qualitative review. It is a qualitative review of the literature presented in reference. This study has scrutinized the primary level effects of Covid-19 in the remittance economy and figured out its chain of effects on key socioeconomic elements. Moreover, this study has revealed the role of remittance in Nepal and its primary level potential effects from the national level to the socio-economic life of rural Nepal. The reports published from Nepal Rastra Bank, Ministry of Finance, other authoritative agencies, and previous research works have been appraised.
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Bhatta, Kumar. "What is Agritourism in Nepal?" Journal of Tourism and Hospitality Education 10 (May 4, 2020): 170–78. http://dx.doi.org/10.3126/jthe.v10i0.28766.
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The agritourism (AT) concept in Nepal is growing. However, a proper definition based on the characteristics of the Nepalese economy and agriculture has not been given previously. Therefore, this study aims to define AT based on the Nepalese geographical division. Based on the secondary data, the author fist presented the definition of AT in international society and compared the AT between developed countries and developing countries. Then, the definition of AT based on the three geographical locations of Nepal i.e., Himalayan, Hilly, and Terai region, is given. For the successful Nepalese AT, the target should be given to the trekkers and hikers.
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Bhatta, Guna Raj, Rabindra Nepal, Kankesu Jayanthakumaran, and Charles Harvie. "Impossible Trinity in a Small Open Economy: A State–Space Model Simulation." Asian Development Policy Review 10, no. 3 (August 1, 2022): 200–225. http://dx.doi.org/10.55493/5008.v10i3.4561.
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Should monetary policy independence be maintained when the exchange rate is fixed under closed capital account conditions in a small open economy? In this study, we simulate the impossible trinity condition during 1989 to 2019 on the Nepalese economy that restricts capital flows and fixes the exchange rate with India. We modify the traditional Taylor rule based on the monetary policy reaction function to characterize Nepal's economic conditions more closely. The state–space model simulation shows that the policy trilemma does not hold in Nepal, such that the model can predict interest rate when the weight for domestic conditions is assigned at a substantially lower level. Therefore, the existing policy mix may need to be revisited to maintain monetary policy independence. Nepal might consider devaluing its currency to neutralize the adverse effects of the negative risk premium and ameliorate the real exchange rate appreciation in the short run and explore alternative arrangements in the long run.
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Pasa, Rajan Binayek. "Short Term Vocational Skill Test in Nepalese Context." Journal of Training and Development 1 (July 31, 2015): 54–61. http://dx.doi.org/10.3126/jtd.v1i0.13091.
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This paper assesses the possible contribution of short term vocational skill tested graduates and labour migration in foreign employment and remittances to Nepalese economy. An attempt has also been made to assess the role of effective skill testing system that can be provided even in local level as for equal accessibility to all skilled workforces throughout the country. Producing skill tested graduates is known to be a process of human capital formation that is equally benefitted to self and society. Due to easy access of government policy, Nepalese youths are working in international labour market and at a time when the country's major economic indicators are not favorable, the remittances have played a vital role in national economic growth. Though remittances earning is a boon to the economy, the facilities are inadequate to back up the increasing trend of migration. Inadequate knowledge on skill testing system and lack of skill training and poor opportunities to involve in trade specific work are some of bottlenecks to Nepalese youths. This paper suggests that formulation and effective implementation of short term vocational skill testing system in local level is the need of today so that most of foreign labour migrants can grab semi-skilled employment opportunities through specific vocational skill tested certification. The government needs to play a proactive role to promote foreign employment by inducting and adhering to the policy of socio-economic development and human capital formation. Replicating the status and impact of short term vocational skill tested graduates and migrated labour in foreign employment, state mechanism has to be endorsed in our national context for development and promotion of skill testing mechanism in local level and regularization of foreign employment. In such a situation, majority of youths could get opportunities to take skill tested certificate that can encourage them to become a vocational skill and trade occupation specific. Such types of work specification could ultimately increase working efficiency and productivity of each workforce and economic prosperity of the country.DOI: http://dx.doi.org/10.3126/jtd.v1i0.13091 Journal of Training and Development Vol.1 2015: 54-61
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Bahadur K.C, Fatta, and Indra Kumar Kattel. "Comparative Analysis on the Sources of Credit Risk in Nepalese Commercial Banks." Asian Finance & Banking Review 1, no. 1 (September 29, 2017): 17–27. http://dx.doi.org/10.46281/asfbr.v1i1.2.
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The study was conducted to find out the significant differences between state-owned bank and private sector bank in the practice of measuring the sources of credit risk. This paper attempts to ascertain the perceptions of Nepalese bankers about the importance of identification practice of credit risk sources within the specific borrowers. The result of the study indicates that the collaterals, characters, capacity, capital, condition, legality of the business, economy of the country, business environment and industrial relation were consider as a sources of credit risk in Nepalese banking sector. The result shows that level of the credit risk sources were disparity the Nepalese commercial banks. In addition, Collaterals provided as a security by the borrower, characters of the borrower, capacity, legality of the business, economy of the country and industrial relation were found significant predictor for the sources of credit risk. Moreover, there was a positive relationship between identification practice and sources of credit risk.
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Bidari, Gopi, and Hadrian Geri Djajadikerta. "Factors influencing corporate social responsibility disclosures in Nepalese banks." Asian Journal of Accounting Research 5, no. 2 (August 12, 2020): 209–24. http://dx.doi.org/10.1108/ajar-03-2020-0013.
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PurposeThis paper examines the relationship between selected firm-specific variables and the extent of corporate social responsibility (CSR) disclosures made by Nepalese banks.Design/methodology/approachA content analysis approach of the banks' annual reports is applied using a CSR disclosure index based on the Global Reporting Initiative guidelines. The factors identified in this study – bank size, bank age and bank profitability – are analyzed against the extent of CSR disclosures in the Nepalese banks using multiple regression.FindingsThe main finding from the content analysis indicates that the extent of CSR disclosures made by Nepalese banks in their annual reports is mostly descriptive, with charity and donation being the most disclosed items. The main findings from the correlation and regression analyses show that there are positive and significant relationships between both bank size and profitability and the extent of CSR disclosures in the Nepalese banks, while bank age is a partial determinant.Originality/valueBanks have a significant role in the Nepalese economy. This study offers insights into the CSR disclosure practices of Nepalese banks, examines the potential factors affecting CSR disclosure and expands the pool of CSR knowledge in the developing country context, especially in the banking sector.
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Bhandari, Khimananda. "Capital Market in Nepal: Integration, Advantages, and Challenges." Resunga Journal रेसुङ्गा जर्नल 2, no. 1 (February 1, 2023): 57–68. http://dx.doi.org/10.3126/resungaj.v2i1.64039.
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The Nepalese capital market has been growing these days recently. However, investors and potential investors have been disappointed by the lack of financial tools, low market diversification, and fewer investment opportunities. Low-level market participation in real estate is a consideration in the Nepalese context participants hold. Companies in the real sector account for only around 20% of all listed companies. Because banks dominate the secondary market, the Nepalese capital market does not truly represent the economy. In the secondary market, public sentiment is vital. Internet, trade reporting, and credit rating activities have supported the capital market's expansion. The government and regulator must collaborate to solve current capital market difficulties.
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Koju, Laxmi, Ram Koju, and Shouyang Wang. "Macroeconomic and Bank-Specific Determinants of Non-Performing Loans: Evidence from Nepalese Banking System." Journal of Central Banking Theory and Practice 7, no. 3 (September 1, 2018): 111–38. http://dx.doi.org/10.2478/jcbtp-2018-0026.
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Abstract This paper aims to evaluate the macroeconomic and bank-specific determinants of non-performing loans (NPL) in the Nepalese banking system using both static and dynamic panel estimation approaches. The study considers 30 Nepalese commercial banks over the period 2003-2015 and uses 7 bank-specific and 5 macroeconomic variables to assess the impact of banking management and economic indicators on NPL. The findings show that NPLs have significant positive relationship with the export to import ratio, inefficiency, and assets size and a negative relationship with the GDP growth rate, capital adequacy, and inflation rate. The results of the empirical study indicate low economic growth as the primary cause of high NPLs in Nepal and suggest that efficient management and effective financial policies are required for a stable financial system and economy. This is the first complete study in the Nepalese banking system and also the first study that has evaluated the effects of remittance, public debts and interest spreads on NPL. The findings of this study will be helpful in designing the macroprudential and fiscal policies in Nepal.