Abstract:The relationship between aggregate consumption and its determinants is one of the oldest statistical regularities of macroeconomics. It is important for macroeconomists, policy makers and for others as well. This study aims to estimate aggregate consumption function for Nepal employing Autoregressive Distributed Lag Model (ARDL) for the period of 1975 to 2015 using real income, real exchange rate, real interest rate and inflation rate as determinants. ARDL based co-integration analysis finds the existence of l… Show more
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