IMPACT OF EXPORT ON THE ECONOMY OF NEPAL : AN EMPIRICAL ANALYSIS
- 주제(키워드) Economic Growth (GDP). Export , Cointegration , Bivariate Victor Error Correction Model VECM , Nepal
- 발행기관 아주대학교
- 지도교수 Hee Gab Choi
- 발행년도 2018
- 학위수여년월 2018. 2
- 학위명 석사
- 학과 국제대학원 국제통상학과
- 실제URI http://www.dcollection.net/handler/ajou/000000026111
- 본문언어 영어
- 저작권 아주대학교 논문은 저작권에 의해 보호받습니다.
초록/요약
Export has been a driver of economic growth. Despite various legal and regulatory provisions, institutional reform, bilateral and multilateral trade agreements in the direction of strengthening Nepal’s international trade, Nepal has not been able to reap its benefits up to the mark. There are several bottlenecks of export sector development of Nepal. After recognizing the important role that export plays in advancing the economic growth and development, economic policy makers of Nepal deem export as a main tool of overall socio-economic reform. This research has attempted to analyze the impact of export on economic growth with special case study of Nepal by using annual time series data from 1968 to 2015. The results of the study clearly show from the cointegration and VECM model that export plays a vital role for the economic growth of Nepal at 5 % level of significance in long run and short run. To achieve the higher economic growth through export, this research work offers policy implications for the government and other stakeholders to promote export through policy reform, competitiveness, quality control, transparent and favorable business environment.
more목차
1 INTRODUCTION 1
1.1 Introduction and Background 1
1.2 STATEMENT OF PROBLEMS 2
1.3 RESEARCH OBJECTIVES 2
1.4 RESEARCH QUESTION 3
1.5 RESEARCH HYPOTHESIS 3
1.6 SIGNIFICANCE OF THE STUDY 3
1.7 ORGANIZATION OF THE STUDY 4
1.8 LIMIT OF STUDY 4
2 LITERATURE REVIEW 5
3 Overview of World and Nepalese Economy and Trade, Data Description and Methodology 8
3.1 World Economy 8
3.2 Overview of Nepalese Economy and Trade 10
3.2.1 Nepalese Economy 10
3.2.2 The situation of Nepalese Export 15
3.2.2.1 The current opportunity of being a member country of WTO 23
3.3 Data Source Description 26
3.3.1 Economic Growth or Gross Domestic product (GDP) 26
3.3.2 Export 26
3.4 Methodology 27
3.4.1 Unit Root test 28
3.4.2 Johansen Cointegration Test 28
3.4.3 Bivariate Vector Error Correction Model (VECM) 28
4 EMPIRICAL RESULT AND DISCUSSIONS 30
4.1 Testing for Unit Root 30
4.2 Lag length selection criteria: 31
4.3 Johansen Cointegration Test 31
4.4 Diagnostic test of Residuals 33
5 Conclusion and Recommendations 38
5.1 Conclusion 38
5.2 Recommendations 39
REFERENCES 42
Appendices 44
