Role of Inflow of Resources on Economic Growth of Nepal

Authors

  • Tilak Singh Mahara Everest Innovative College (EIC), Solteemode, Kathmandu, Nepal
  • Naw Raj Bhatt Central Department of Economics, Tribhuvan University, Kirtipur, Kathmandu, Nepal,

DOI:

https://doi.org/10.3126/ejon.v42i3-4.36037

Keywords:

Resources, Deficit financing, Economic growth, ARDL

Abstract

This study attempts to examine the role of the inflow of resources on the economic growth of Nepal incorporating annual time-series data sets of 45 years from 1975 to 2019. The autoregressive distributed lag approach to cointegration is used to identify the long-run as well as the short-run relationship between the variables. The empirical finding indicates that there is a positive relationship between the inflow of resources and economic growth. Quantitatively, gross national saving, domestic loans, foreign loans, and export earnings have a positive impact on the economic growth in both the long-run as well as short-run for the Nepalese economy. Policies encouraging private sector participation, enlarging efficiency, and effectiveness of public sector projects, and expanding export base must be implemented.

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Author Biographies

Tilak Singh Mahara, Everest Innovative College (EIC), Solteemode, Kathmandu, Nepal

Lecturer

Naw Raj Bhatt, Central Department of Economics, Tribhuvan University, Kirtipur, Kathmandu, Nepal,

Graduate Scholar

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Published

2019-12-31

How to Cite

Mahara, T. S., & Bhatt, N. R. (2019). Role of Inflow of Resources on Economic Growth of Nepal. Economic Journal of Nepal, 42(3-4), 66–78. https://doi.org/10.3126/ejon.v42i3-4.36037

Issue

Section

Articles