The negative effect of remittance on economic growth on nepal
- 주제(키워드) The negative effect of remittance on economic growth
- 발행기관 아주대학교
- 지도교수 Shin Goo Kang
- 발행년도 2017
- 학위수여년월 2017. 8
- 학위명 석사
- 학과 국제대학원 국제개발협력과
- 실제URI http://www.dcollection.net/handler/ajou/000000025387
- 본문언어 영어
- 저작권 아주대학교 논문은 저작권에 의해 보호받습니다.
초록/요약
Over the past decade, international remittance have been become one of the major sources of foreign income to Nepal. It is necessary to understand the negative effect of remittance on Nepalese economy. In this context, the main objective of this paper is to examine negative effects of remittances on economic development in Nepal through brain drain and income inequality. Indeed, the relationship between remittances and economic growth is highly controversial. When a country depends so much on outside sources to sustain its economy, the economy become volatile. Any change in employment rules or the economy of the hiring country can shake up the economy of the dependent. Remittances and brain drain is a double edge sword for Nepal economy. There are real dangers in over dependence on skilled migration and remittances, this adverse impact or the possible dangers are obvious and discussed. The result revealed that negative effect can create moral hazard, Dutch disease and brain drain in recipient home country. Another factor is that remittance do not suppliantly promote productive investment. Many people from Nepal going abroad for employment and education are no doubt young, energetic , labors and enthusiastic. Because of brain drain Nepal has been losing productive manpower day by day. Therefore the brain drain phenomena have been potentially damaging for the Nepal economy, it is too strong for the country.
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CHAPTER I: INTRODUCTION ........................................................................................................ 1
1.1 Introduction....................................................................................................................................... 1
1.2 Significance of the research .............................................................................................................. 2
1.3 Research question/Purpose of the study............................................................................................ 2
1.4 Research Objective ........................................................................................................................... 2
1.5 Research Hypothesis......................................................................................................................... 2
1.6 Research Methodology, Data Collection and Data Analysis ............................................................ 3
1.7 Structure of thesis ............................................................................................................................. 3
CHAPTER II: LITERATURE REVIEW........................................................................................... 4
2.1 The positive effect of remittance in terms of economic development .............................................. 4
2.2 The negative impact of remittance on growth................................................................................... 5
2.3 Theoretical Framework..................................................................................................................... 5
2.3.1 What is remittance? ................................................................................................................... 5
2.3.2 What is economic growth? ........................................................................................................ 5
2.4. Theories of growth........................................................................................................................... 6
2.4.1 Classical theory ......................................................................................................................... 6
2.4.2 Neo classical theory ................................................................................................................... 6
2.4.3 New growth theory..................................................................................................................... 6
2.5 Remittance and Income inequality.................................................................................................... 7
2.6 Economic growth and Income inequality ......................................................................................... 7
2.7 Remittance, Brain Drain and Economic Growth .............................................................................. 7
CHAPTER III: CURRENT STATUS OF REMITTANCE AND NEPAL ECONOMY ............... 9
3.1 Overview Nepal Economy................................................................................................................ 9
3.2 Current status of remittance in Nepal ............................................................................................. 12
3.3 Remittance share to GDP................................................................................................................ 13
CHAPTER IV: THE NEGATIVE EFFECT OF
REMITTANCE ON ECONOMIC GROWTH ............................................................................... 16
4.1 The negative effect of remittance on economic growth.................................................................. 16
4.2 What is brain drain? ........................................................................................................................ 18
4.2.1 Remittance induce brain drain ................................................................................................. 18
4.2.2 Reason of brain drain ............................................................................................................... 23
4.2.3 Brain drain and economic development................................................................................... 24
4.3 What is income inequality?............................................................................................................. 24
4.3.1 Impact of remittance on income inequality.............................................................................. 24
4.3.2 Impact of income inequality on economic growth................................................................... 26
CONCLUSION AND RECOMMADATION................................................................................... 29
REFERENCES.................................................................................................................................... 30
