Determinants of Nepal's Foreign Exchange Reserve: An Empirical Study

Gajurel, Ram Prasad

doi:10.3126/jom.v5i1.47763

Cited by 3 publications

(3 citation statements)

References 12 publications

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“…The government sent Guns' barrel invented by Gehendra to make Tundikhel's wall after he was killed. In this case, the jealousy for Nepal's Army history was evident [25].…”

Section: Discussion and Analysismentioning

confidence: 78%

Modernization Efforts Undertaken by the Nepali Army

Bhattarai

2023

J. Know. Inn.

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One of the nation's oldest organizations is the Army of Nepal. The development of Nepal's modern nation has been greatly aided by the armed forces. The ultimate responsibility for protecting, maintaining, and safeguarding the nation's independence has fallen on the Nepali Army. Science and technology are used for the development of the armed forces in China and India. Against this backdrop, Nepal experiences cyber-attacks, environmental degradation, pandemics, and ethnic, racial, or religious conflicts, among other things. The people of Nepal have faith in the Nepal Army since they are involved in various service-related activities. However, Nepal has a poor economy, it lags far behind in the modernization of the national army. Based on the study, the current strength and technical resources available to the Nepali Army to handle different types of challenges have been investigated. In this article, the Nepali Army's struggles to adapt to a new political system and the initiatives it has made to modernize itself are mostly discussed. With the changing nature of modern warfare, tactics, and situations, some changes have been necessary for Nepal's Army on the front of training, habitats, equipment, and technology. This article also discusses the achievements of Gehendra Shamsher (1871–1906), a firearms designer, inventor, and high-ranking officer of the Nepalese Army, as a role model for Nepal's modernization efforts. After Gehendra Shamsher, the Nepali Army has undertaken several modernization initiatives. The main objective of this paper is to discuss some modernization efforts done by the Nepal Army using science and technology. The material is taken from various sources, such as Tribhuvan University's Central Library in Kirtipur, the Army Central Library, the Military Museum in Kathmandu, and national and international literature."

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“…The government sent Guns' barrel invented by Gehendra to make Tundikhel's wall after he was killed. In this case, the jealousy for Nepal's Army history was evident [25].…”

Section: Discussion and Analysismentioning

confidence: 78%

Modernization Efforts Undertaken by the Nepali Army

Bhattarai

2023

J. Know. Inn.

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“…Moreover, when a 1 percent increase in LnEx and LnDCPS, the GDP growth is reduced by 0.01317 and 0.01993 units respectively. The causes behind these findings may involve factors such as decreased export competitiveness and excessive import as indicated by the study by Gajurel (2022) that there is an inverse relationship between exchange rate and foreign reserve in the short run with the current account deficit, in the case of LnEx, and institutional constraints on private sector credit, in the case of LnDCPS, in contrast with , which can hinder economic growth. However, results reveal that in the long run, inflation has not any significant effects.…”

Section: Panel Ardl: Long-run and Short-run Dynamicsmentioning

confidence: 99%

Monetary Policy and Economic Growth of SAARC Countries

Gajurel

2023

JOM

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The debate on economic policies continues in both the local and global economies. All of the academics are interested in monetary and fiscal policy and how it affects the economy. The study attempts to explore whether there is any evidence that the SAARC countries' economic growth can be influenced by monetary policy. The study applies the Pedroni cointegration approach for panel autoregressive distributed lag (ARDL) with the Pooled Mean Group (PMG) to study the relationship between monetary policy and economic growth of six SAARC nations over the period from 1983 to 2020. The recent study addresses the empirical gap within the context of the southeastern regions of the globe. Overall stylized facts show that monetary policy is causally linked and successful in the long run to accelerate economic growth. Money supply, one of the most crucial variables under study, contradicts the monetarist claim that monetary policy is too effective in the short term. The study also notes that currency devaluation is a serious concern for both short- and long-term growth while inflation is only a short-term one. In the SAARC countries, domestic credit to the private sector is better for short-term economic growth even though it has no long-term benefits. Thus, monetary authorities and the government of the SAARC nations should maintain an adequate level of money supply, adopt an export-led policy to appreciate currency, promote short-run domestic credit to the private sector, and stabilize the short-term price level to accelerate economic growth and development.

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“…Remittance is the inevitable source of income for the nationals as well as capital account medicine. It is also needed to maintain the adequacy level of foreign reserve in a country (Gajurel, 2022) which should be maintained by personal remittance inflow. However, the channelization of remittance towards productivity, and social and physical capital overhead is not satisfactory as evidenced by different studies including Pant (2011) and Sapkota (2013).…”

Section: Introductionmentioning

confidence: 99%

Impact of Remittance on Educational Outcomes: Empirical Evidence from Nepal

Gajurel,

Niroula

2024

Dristikon

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The remittances are the treasure for irrigating Nepal's economy. Because emigration is increasing, per capita remittance is also increasing in Nepal. However, the question is signaling in its utilization for educational attainment. In this context, the study examines the impact of remittance on educational outcomes in Nepal. The study applied autoregressive distributed lag (ARDL) estimations, Granger causality, forecast error variance decomposition (FEVD) technique, and impulse response functions (IRFs), with time-series data spanning from 1981 to 2021. The overall findings revealed that remittance had a positive impact on educational outcomes in Nepal. In the short run, remittance was found to be crucial for secondary schooling; in the long run, remittance had a significant effect on tertiary schooling in Nepal. The FEVD confirmed that remittance might be the inevitable predictor of educational outcomes in Nepal. The Granger causality also found a unidirectional causality from remittance to educational outcomes. The policymakers and stakeholders, therefore, should focus on funneling remittance toward financing education as well as a productive sector to accelerate per capita GDP and on cropping the demographic dividend in the Nepali economy.

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Determinants of Nepal's Foreign Exchange Reserve: An Empirical Study

Cited by 3 publications

References 12 publications

Modernization Efforts Undertaken by the Nepali Army

Modernization Efforts Undertaken by the Nepali Army

Monetary Policy and Economic Growth of SAARC Countries

Impact of Remittance on Educational Outcomes: Empirical Evidence from Nepal

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