A STUDY ON THE IMPACT OF REMITTANCES ON ECONOMIC DEVELOPMENT OF NEPAL
- 주제(키워드) International Business
- 발행기관 아주대학교
- 지도교수 Young Kyun Song
- 발행년도 2012
- 제출일 2012-06-21
- 학위수여년월 2012. 8
- 학위명 석사
- 학과 국제대학원 국제경영학과
- 실제URI http://www.dcollection.net/handler/ajou/000000012630
- 본문언어 영어
- 저작권 아주대학교 논문은 저작권에 의해 보호받습니다.
초록/요약
Over the past decade, workers’ remittances have been become one of the major sources of foreign income to Nepal. It is growing very fast and successfully replacing the higher ratio of merchandise export, foreign aid and FDI of the country. Undeniably, remittances have a most important role to maintain the consumption and poverty-alleviation of the recipient household. Even though there is a key question that, whether the remittances have major impact to the national economic development or not in long run. Or what kind of relationship has been existing between the remittances inflow and economic development of the country. This study deals with the analysis of direct impact of remittance on the national GDP of Nepal in both real and nominal terms. The analysis has been carried out by using the multiple regression with linear and log linear model. We also conducted a descriptive statistical analysis to examine the trend and different ratios of remittances and GDP and other sources of foreign income for the country. The empirical analysis shows the positive relationship between the remittances and the GDP growth of the country in both real and nominal terms. The elasticity of remittances to the real and nominal GDP is remarkable and significant. The study also shows the higher coefficient of remittance to the real GDP of the country than nominal GDP. Similarly, other variables also have the positive relationship with the dependent variables. Specially, official grants have higher coefficient than other variables, it is the multiplier effect of grants money to the national economy. Likewise, the examination of economic growth rate and the increasing ratio of remittances to the GDP are not showing the robust impact of remittances to the GDP growth. So the utilization of remittances to the national economic growth is the more important issues rather than collection.
more목차
Chapter 1 INTRODUCTION 1
1.1 General Background 1
1.2 Purpose of the Study 3
1.3 Methodology 3
1.4 Delimitation of the Study 4
Chapter 2 A DESCRIPTIVE STATISTICAL ANALYSIS OF REMITTANCE ECONOMY OF NEPAL 6
2.1 An Overview of the Nepals Economy 6
2.2 Remittances Economy of Nepal 8
Chapter 3 THEORETICAL PERSPECTIVE 13
3.1 Concept 13
3.2 National Account Identity 13
3.3 Remittances and Growth Theory 14
3.3.1 Remittances Inflows and Capital Accumulation 14
3.3.2 Remittances Inflows and Labor Force Growth 15
3.3.3 Remittances Inflows and TFP Growth 15
3.4 The Micro and Macro Economics of Remittances 17
3.4.1 Micro Economic of Remittances 17
3.4.2 Macro Economics of Remittances 19
3.5 Motive of Sending Remittances 20
3.6 Two Distinct Schools of Thought about Remittances 21
3.6.1 Optimistic Thought 21
3.6.2 Pessimistic Though 21
Chapter 4 LITERATURE REVIEW 23
Chapter 5 EMPIRICAL ANALYSIS 29
5.1 Research Hypothesis 29
5.2 Analytical Method 29
5.3 Analytical Model 31
5.4 Result Estimation and Interpretation 31
Chapter 6 CONCLUSION, RECOMMENDATIONS AND LIMITATIONS 37
Bibliography 42
Appendixes 45
