This paper empirically examines the determinants of the stock index (NEPSE) in Nepal using monthly data for the period of mid-August 2000 to mid-July 2014. In order to incorporate the major changes in politics and NRB’s policy on lending against collateral of shares, two dummy variables have...

Economic growth and financial development are closely related. The interaction between them is crucial and has attracted great attention of researchers. This study attempts to examine the relationship between economic growth and financial development in Nepal between 1975 and 2012. The paper has...

In the field of international trade, an economy is assumed to be reeling under the 'BLACK HOLE EFFECT' of another economy, if all the major variables of international trade, irrespective of in which country they belong to, solely act in the favor of the latter economy. The results based on the...

This paper reviews the key aspects of general strikes and analyses the economic cost of such strikes in Nepal. Data analysis shows that average direct cost of general strikes stood at NRs. 1.8 billion per strike day and NRs. 27 billion per year at current prices during 2008-2013. The lost output...

The concern of climate change have emphasized in the field of economics too owing to the challenge of adapting to global warming for sustainable development and growth. This challenge becomes central in the developing economies like Nepal as these countries face the combination of unfortunate...

This paper examines the bank lending channel of monetary policy transmission in Nepal using data during 2003-2012. Using the dynamic Arellano-Bond GMM estimation with annual data of 25 Nepalese commercial banks, this study tries to estimate the loan supply responses of the Nepalese Commercial...

This paper compares the level of economic development in South Asia and East Asia, and explores the features of East Asian Development experiences and existing situation in South Asia. Several development indicators such as per capita income, human development index and millennium development...

This paper attempts to investigate the stability of time-varying parameters of the random walk model of inflation in Nepal. This study has been motivated with the Lucas Critique (1976) that the monetary/fiscal policy that is exposed to change over time affect the expectations of forward looking...

This paper reviews existing structural transformation models and prominent literatures and then empirically examines Nepalese economic structure. The research findings reveal that industrial sector is significant to increase per capita income compared to the agriculture and services sectors in...

This study examines the impact of commercial bank credit to the private sector on the economic growth in Nepal from supply side perspectives. The study has applied Johansen co-integration approach and Error Correction Model using the time series data for the period of 1975-2013. The empirical...