Empirical Analysis of Remittance Inflow: The Case of Nepal
This paper analyzes the nine year remittance inflow and macroeconomic data of Nepal, and studies the effect of remittance on each of those macroeconomic variables. We have used Unit Root Test, Least Squared Regression Analysis, and Granger Causality Test. The empirical results suggest that remittan...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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EconJournals
2013-03-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | https://www.econjournals.com/index.php/ijefi/article/view/328 |
| _version_ | 1797919780089364480 |
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| author | Karan Singh Thagunna Saujanya Acharya |
| author_facet | Karan Singh Thagunna Saujanya Acharya |
| author_sort | Karan Singh Thagunna |
| collection | DOAJ |
| description |
This paper analyzes the nine year remittance inflow and macroeconomic data of Nepal, and studies the effect of remittance on each of those macroeconomic variables. We have used Unit Root Test, Least Squared Regression Analysis, and Granger Causality Test. The empirical results suggest that remittance has more causality on the consumption pattern as well as the import patter, and less on investments. Furthermore, with available literatures, this paper discusses the importance of channeling the remittance funds into the productive capital, mainly the public infrastructure, in comparison with the South Korean case study.
Keywords: Remittance; Growth; Unit Root Test; Granger Causality Test; Cobb-Douglas Function; Two Gap Model; Nepal
JEL Classifications: E13; E22; F24; O40
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| first_indexed | 2024-04-10T13:50:59Z |
| format | Article |
| id | doaj.art-6696117a7e0a4fcbba53343a1610bfe6 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T13:50:59Z |
| publishDate | 2013-03-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-6696117a7e0a4fcbba53343a1610bfe62023-02-15T16:10:40ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382013-03-0132Empirical Analysis of Remittance Inflow: The Case of NepalKaran Singh Thagunna0Saujanya Acharya1Kathmandu University School of ManagementKathmandu University School of Management(KUSOM) This paper analyzes the nine year remittance inflow and macroeconomic data of Nepal, and studies the effect of remittance on each of those macroeconomic variables. We have used Unit Root Test, Least Squared Regression Analysis, and Granger Causality Test. The empirical results suggest that remittance has more causality on the consumption pattern as well as the import patter, and less on investments. Furthermore, with available literatures, this paper discusses the importance of channeling the remittance funds into the productive capital, mainly the public infrastructure, in comparison with the South Korean case study. Keywords: Remittance; Growth; Unit Root Test; Granger Causality Test; Cobb-Douglas Function; Two Gap Model; Nepal JEL Classifications: E13; E22; F24; O40 https://www.econjournals.com/index.php/ijefi/article/view/328 |
| spellingShingle | Karan Singh Thagunna Saujanya Acharya Empirical Analysis of Remittance Inflow: The Case of Nepal International Journal of Economics and Financial Issues |
| title | Empirical Analysis of Remittance Inflow: The Case of Nepal |
| title_full | Empirical Analysis of Remittance Inflow: The Case of Nepal |
| title_fullStr | Empirical Analysis of Remittance Inflow: The Case of Nepal |
| title_full_unstemmed | Empirical Analysis of Remittance Inflow: The Case of Nepal |
| title_short | Empirical Analysis of Remittance Inflow: The Case of Nepal |
| title_sort | empirical analysis of remittance inflow the case of nepal |
| url | https://www.econjournals.com/index.php/ijefi/article/view/328 |
| work_keys_str_mv | AT karansinghthagunna empiricalanalysisofremittanceinflowthecaseofnepal AT saujanyaacharya empiricalanalysisofremittanceinflowthecaseofnepal |