The Economic journal of Nepal最新文献_第10页

Patience, Risk-Taking, and Human Capital Investment Across Countries 耐心、风险承担和各国人力资本投资

The Economic journal of Nepal Pub Date : 2021-12-31 DOI: 10.1093/ej/ueab105

E. Hanushek, Lavinia Kinne, Philipp Lergetporer, Ludger Woessmann

引用次数: 14

A Proposal for Capitalization of Remittances in Nepal 关于尼泊尔汇款资本化的建议

The Economic journal of Nepal Pub Date : 2021-12-31 DOI: 10.3126/ejon.v44i3-4.55075

B. P. Gautam

{"title":"A Proposal for Capitalization of Remittances in Nepal","authors":"B. P. Gautam","doi":"10.3126/ejon.v44i3-4.55075","DOIUrl":"https://doi.org/10.3126/ejon.v44i3-4.55075","url":null,"abstract":"Inflow of personal remittances has exceeded 20 percent of the gross domestic product (GDP) of Nepal for several years. Compared to foreign direct investment (FDI) or foreign aid (grants & loans), the money injected to the economy of Nepal through remittances is markedly larger. Huge investment in the real estate sector and large sums of money applied for share subscription indicate the need and opportunities of channelizing remittances in the infrastructure development and productive sector. However, most studies on remittances are focused on the ex-post analysis of the economy and few studies focus on the planning and policy issues aimed to utilize remittances. This paper reviews literature on utilizing remittance money and analyzes the prospects of capitalizing remittances in Nepal. A conceptual model is proposed on utilizing remittance money for infrastructure development. The proposed model of a remittance investment trust aims to synergize the three best attributes of the three domains of stakeholders, namely, abundant remittance money of the people, excellent management skills of the private sector, and the superior public trust to the government. Remittance money can serve as a great investment vehicle for executing properly investigated and attractive infrastructure projects. As estimated for Lumbini province, the remittance investment trust may contribute to fulfill 20% of the deficit of investment towards achieving the sustainable development goals. While the model is proposed for a province, it is expected to be replicable to the national and sub-national governments in Nepal.","PeriodicalId":85686,"journal":{"name":"The Economic journal of Nepal","volume":"69 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87087081","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

An Analysis of the Existence of Political Business Cycle in Nepal 尼泊尔政治经济周期的存在分析

The Economic journal of Nepal Pub Date : 2021-12-31 DOI: 10.3126/ejon.v44i3-4.55074

Tej Prasad Devkota

{"title":"An Analysis of the Existence of Political Business Cycle in Nepal","authors":"Tej Prasad Devkota","doi":"10.3126/ejon.v44i3-4.55074","DOIUrl":"https://doi.org/10.3126/ejon.v44i3-4.55074","url":null,"abstract":"This paper tries to analyze whether the ‘Political Business Cycle (PBC)’ exists in Nepal or not. The term PBC is coined to describe the fluctuation in economic activities from the intervention of the political actors before the election expecting to be re-elected in the forthcoming election. The abuse of political power in manipulating fiscal and monetary policies by the ruling party prior to the election period has become normal in developing countries like Nepal. The incumbent tries to convince their voters by increasing the size of the populist public expenditure before or during the election period. Nepal can’t be exceptional in the case of public resource manipulation during the time of the election. Democracy was restored in Nepal after the people’s political movement of 1990 and after that six consequent general elections were completed. The study used the annual data set from 1990/91 to 2017/18 and employed the ordinary least square method in three different models to capture the relationship among the variables used in the study. Real GDP, government consumption expenditure, and fiscal deficit are used as dependent variables of each model whereas government capital expenditure, transfer payment and subsidy, and total tax revenue are taken as independent variables under the study along with introducing election as a dummy variable. The results showed a positive relationship between the variables, but not enough to confirm the opportunistic political business cycle. The study recommends policymakers ensure policy consistency considering non-intervention in fiscal policies at the time of election.","PeriodicalId":85686,"journal":{"name":"The Economic journal of Nepal","volume":"4 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90523055","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Housing Expenditure and Income Inequality 住房支出与收入不平等

The Economic journal of Nepal Pub Date : 2021-12-10 DOI: 10.1093/ej/ueab097

C. Dustmann, Bernd Fitzenberger, Markus Zimmermann

引用次数: 10

Judicial quality, input customisation, and trade margins: the role of product quality 司法质量、投入定制和贸易利润:产品质量的作用

The Economic journal of Nepal Pub Date : 2021-12-09 DOI: 10.1093/ej/ueab098

Xiaomin Cui, Miaojie Yu, Rui Zhang

引用次数: 0

Heterogeneous Dynasties and Long-Run Mobility 异质王朝与长期流动

The Economic journal of Nepal Pub Date : 2021-12-04 DOI: 10.1093/ej/ueab095

J. Benhabib, Alberto Bisin, Ricardo T. Fernholz