Working as associate professor at central department of economics Tribhuvan University , Kathmandu , Nepal. I have some exposure in econometrics, and economic modeling and involving in research I am interested in Anticorruption studies.
Role of workers’ remittance seems to be an imperative part of Nepalese economy for about two deca... more Role of workers’ remittance seems to be an imperative part of Nepalese economy for about two decades. The remittances inflow has supported to maintain the foreign reserves at the national level and consumption in household level. This paper investigates the role of remittances in export performance of Nepal employing the gravity modelling approach using annual data for the period of 26 years, from year 1993 to 2018. First, we document the scenario of remittances and export nexus, then conduct an econometric estimation for the exports flows from Nepal to its trading partners. The major finding indicates that the remittances have a statistically significant negative impact on export performance, which is largely impacted by the size of the trading partner’s economy as indicated by the estimation’s results. The study suggests for an urgent attention from policy makers to make the remittance in favor of exports by developing the export strategies. In this regard, a special focus on expo...
Extracellular adenosine 5′-triphosphate (eATP) is an essential signaling molecule that mediates d... more Extracellular adenosine 5′-triphosphate (eATP) is an essential signaling molecule that mediates different cellular processes through its interaction with membrane-associated receptor proteins in animals and plants. eATP regulates plant growth, development and responses to biotic and abiotic stresses. Its accumulation in the apoplast induces ROS production and cytoplasmic calcium increase mediating a defense response to invading microbes. We demonstrate that perception of eATP is important in plant-fungus interactions and that during colonization by the beneficial root endophyte Serendipita indica accumulation of eATP in the apoplast occurs at early symbiotic stages. We show by liquid chromatography-tandem mass spectrometry, cytological and functional analysis that S. indica subvert eATP host response by secreting SiE5'NT, an enzymatically active ecto-5'-nucleotidase capable of hydrolyzing eATP to adenosine. A. thaliana lines producing extracellular SiE5'NT are significan...
Oil is one of the main inputs for many sectors like transportation, manufacturing, electricity ge... more Oil is one of the main inputs for many sectors like transportation, manufacturing, electricity generation and others. Oil is also very important for the economic growth of Nepal. This paper examines the short and long-run causality between oil consumption and Gross Domestic Product for Nepal using annual data covering the period of 1975-2009. Granger causality test is employed to analyse the relationship between economic growth and oil consumption variables with same order of integration (I (1)). In this study is found that there exists bi-directional Granger causality between oil consumption and economic growth in the short and long run.Key words: Oilconsumption; Economic Growth; Causality; Co-integrationEconomic Journal of Development Issues Vol. 11 & 12 No. 1-2 (2010) Combined IssuePage: 135-143Uploaded date: 10 April, 2012
This article is primarily meant to estimate threshold level of inflation in Nepal using annual da... more This article is primarily meant to estimate threshold level of inflation in Nepal using annual data for the period 1975-2010. The threshold value of inflation is found to be 6% for Nepal. Beyond that level of inflation rate, higher or lower than the threshold value, the economic growth can be jeopardized. Looking specifically at Nepal’s economic and inflation performance, the less than robust link between the two variables is not surprising, given the current structure of the economy and factors which influence inflation.DOI: http://dx.doi.org/10.3126/ejdi.v13i0.7216 Economic Journal of Development Issues Vol.13 & 14 2011, pp.131-138
For the increasing pressure on the library budgets, libraries need to prove their existing value ... more For the increasing pressure on the library budgets, libraries need to prove their existing value through evaluating the monetary value. Cost-benefit analysis and economic impact analysis are the major methods for estimating the economic value, libraries usually adopt cost-benefit analysis due to the limitations of economic impact analysis. Firstly, this study expounded the theoretical basis of economic value evaluation of university libraries and presents a model of evaluating the economic value of university library. Secondly, a case research was carried out to test the feasibility of the constructed model by using the consumer surplus method, contingent valuation method. Meanwhile, we draw the conclusion that the economic value of the university library is 77817670.15 CNY, the ratio of cost-benefit is 1: 3.2758. Finally, some suggestions were given for the future development of university library economic value.
There are basically two methods of the valuation of the environmental goods: the market based app... more There are basically two methods of the valuation of the environmental goods: the market based approach and the non-market based approaches. When a market exists, it is relatively easy to apply market-based techniques to measure value. But when market information relating to prices and quantities is not available to estimate the value of the resource or resource service, we use non-market valuation methods. The most widely recognized non- market techniques is the travel cost method. The simplest version of the Travel Cost Method (TCM) is the zonal method. The main objective of present article is to describe the concept TCM to measure the value of environmental goods with a hypothetical example. This article also reviews available literatures to develop the logical understanding of the techniques of the TCM. Key words : Environmental goods; Valuation; Non-market; Market-based; Travel cost; Zonal method Economic Journal of Development Issues Vol. 9 and 10 (2008 & 2009) Combined Issue ...
The main objective of the study is to analyze the present status of the use of skills of the retu... more The main objective of the study is to analyze the present status of the use of skills of the return migrants of Nepal and recommend the policies and programs regarding the future management of the return migrants of Nepal. The sample surveyed 39 migrant returnees from two divergent districts: Dhanusha from Province No.2 and Makawanpur from Province No.3. of Nepal. These two districts were chosen as sample for being the highest migrant-sending districts (not counting those going to India) in the Terai and the hills/mountains respectively.The acquired data were analyzed with the help of descriptive analysis. The return migrants surveyed had either invested in or were thinking of investing in new business.
Contingent valuation method (CVM) is a direct approach it directly asks people what they are will... more Contingent valuation method (CVM) is a direct approach it directly asks people what they are willing to pay for a benefit and/or what they are willing to receive by way of compensation to tolerate a cost in a hypothetical market for environmental goods/services. Although CVM has been widely used for the past two decades, there is considerable controversy over whether it adequately measures people's willingness to pay for environmental quality. In this article an attempt is made to analysis the full economic value of the natural resource using CVM and also to identify determinants of willingness to pay of a household for this natural resource. Generally non-commercial economic value of environmental goods has been neglected in policy designs. The policy implication of this article is that since net social benefit could be achieved from multi-purpose environmental goods at a community level, the government should give more emphasis for such kinds of projects in its policies and pr...
Since the global financial crisis, the economics profession has been more publicly visible—and mo... more Since the global financial crisis, the economics profession has been more publicly visible—and more criticized—than at any other time in its history. Commentaries on the failure of mainstream economics to predict the crisis are ubiquitous, and some critics even place blame for the disaster on the application of misguided economic theories. These reactions have helped turn a spotlight on the role economists play in guiding public policy, and have revealed the underlying power of economic experts over the social and political life of nations. The subject of The Econocracy is a growing tension between economists and society at large that is caused by this power.
In recent years, considerable intellectual interest has arisen over the extent of illicit financi... more In recent years, considerable intellectual interest has arisen over the extent of illicit financial flows which may have development, governance or other consequences for both developed and developing countries. Illicit financial flows involve the cross-border transfer of the proceeds of corruption, trade in contraband goods, criminal activities, and tax evasion. The main objective of this article is to explore the current situation of illicit financial flows from the developing countries with special reference to south Asia and Nepal. The article also explains its causes, impact and measures to stem those flows. Although much effort and resources have been used to stem the illicit financial flows in the world, it is in increasing trend specially in case of developing world.
Since the global financial crisis, the economics profession has been more publicly visible—and mo... more Since the global financial crisis, the economics profession has been more publicly visible—and more criticized—than at any other time in its history. Commentaries on the failure of mainstream economics to predict the crisis are ubiquitous, and some critics even place blame for the disaster on the application of misguided economic theories. These reactions have helped turn a spotlight on the role economists play in guiding public policy, and have revealed the underlying power of economic experts over the social and political life of nations. The subject of The Econocracy is a growing tension between economists and society at large that is caused by this power.
High money supply (M2) and high budget deficits (BD) both are equally responsible for higher rate... more High money supply (M2) and high budget deficits (BD) both are equally responsible for higher rate of inflation. Moreover, inflationary pressure gets more momentum when money supply and budget deficits both increase together. The empirical evidence of Nepal also supports this hypothesis. Present paper re-examines this issue in the context of Nepal by using econometric analysis. The empirical results reveal that long run inflation is not only related with higher money supply but also to budget deficit. On the one hand, there is unidirectional causal relationship between money supply with inflation and similarly budget deficit with inflation. On the other, the supply of money has no causal connection with budget deficit. Hence the finding implies that both monetary and fiscal policies are important to control inflation in Nepal.
Role of workers’ remittance seems to be an imperative part of Nepalese economy for about two deca... more Role of workers’ remittance seems to be an imperative part of Nepalese economy for about two decades. The remittances inflow has supported to maintain the foreign reserves at the national level and consumption in household level. This paper investigates the role of remittances in export performance of Nepal employing the gravity modelling approach using annual data for the period of 26 years, from year 1993 to 2018. First, we document the scenario of remittances and export nexus, then conduct an econometric estimation for the exports flows from Nepal to its trading partners. The major finding indicates that the remittances have a statistically significant negative impact on export performance, which is largely impacted by the size of the trading partner’s economy as indicated by the estimation’s results. The study suggests for an urgent attention from policy makers to make the remittance in favor of exports by developing the export strategies. In this regard, a special focus on expo...
Extracellular adenosine 5′-triphosphate (eATP) is an essential signaling molecule that mediates d... more Extracellular adenosine 5′-triphosphate (eATP) is an essential signaling molecule that mediates different cellular processes through its interaction with membrane-associated receptor proteins in animals and plants. eATP regulates plant growth, development and responses to biotic and abiotic stresses. Its accumulation in the apoplast induces ROS production and cytoplasmic calcium increase mediating a defense response to invading microbes. We demonstrate that perception of eATP is important in plant-fungus interactions and that during colonization by the beneficial root endophyte Serendipita indica accumulation of eATP in the apoplast occurs at early symbiotic stages. We show by liquid chromatography-tandem mass spectrometry, cytological and functional analysis that S. indica subvert eATP host response by secreting SiE5'NT, an enzymatically active ecto-5'-nucleotidase capable of hydrolyzing eATP to adenosine. A. thaliana lines producing extracellular SiE5'NT are significan...
Oil is one of the main inputs for many sectors like transportation, manufacturing, electricity ge... more Oil is one of the main inputs for many sectors like transportation, manufacturing, electricity generation and others. Oil is also very important for the economic growth of Nepal. This paper examines the short and long-run causality between oil consumption and Gross Domestic Product for Nepal using annual data covering the period of 1975-2009. Granger causality test is employed to analyse the relationship between economic growth and oil consumption variables with same order of integration (I (1)). In this study is found that there exists bi-directional Granger causality between oil consumption and economic growth in the short and long run.Key words: Oilconsumption; Economic Growth; Causality; Co-integrationEconomic Journal of Development Issues Vol. 11 & 12 No. 1-2 (2010) Combined IssuePage: 135-143Uploaded date: 10 April, 2012
This article is primarily meant to estimate threshold level of inflation in Nepal using annual da... more This article is primarily meant to estimate threshold level of inflation in Nepal using annual data for the period 1975-2010. The threshold value of inflation is found to be 6% for Nepal. Beyond that level of inflation rate, higher or lower than the threshold value, the economic growth can be jeopardized. Looking specifically at Nepal’s economic and inflation performance, the less than robust link between the two variables is not surprising, given the current structure of the economy and factors which influence inflation.DOI: http://dx.doi.org/10.3126/ejdi.v13i0.7216 Economic Journal of Development Issues Vol.13 & 14 2011, pp.131-138
For the increasing pressure on the library budgets, libraries need to prove their existing value ... more For the increasing pressure on the library budgets, libraries need to prove their existing value through evaluating the monetary value. Cost-benefit analysis and economic impact analysis are the major methods for estimating the economic value, libraries usually adopt cost-benefit analysis due to the limitations of economic impact analysis. Firstly, this study expounded the theoretical basis of economic value evaluation of university libraries and presents a model of evaluating the economic value of university library. Secondly, a case research was carried out to test the feasibility of the constructed model by using the consumer surplus method, contingent valuation method. Meanwhile, we draw the conclusion that the economic value of the university library is 77817670.15 CNY, the ratio of cost-benefit is 1: 3.2758. Finally, some suggestions were given for the future development of university library economic value.
There are basically two methods of the valuation of the environmental goods: the market based app... more There are basically two methods of the valuation of the environmental goods: the market based approach and the non-market based approaches. When a market exists, it is relatively easy to apply market-based techniques to measure value. But when market information relating to prices and quantities is not available to estimate the value of the resource or resource service, we use non-market valuation methods. The most widely recognized non- market techniques is the travel cost method. The simplest version of the Travel Cost Method (TCM) is the zonal method. The main objective of present article is to describe the concept TCM to measure the value of environmental goods with a hypothetical example. This article also reviews available literatures to develop the logical understanding of the techniques of the TCM. Key words : Environmental goods; Valuation; Non-market; Market-based; Travel cost; Zonal method Economic Journal of Development Issues Vol. 9 and 10 (2008 & 2009) Combined Issue ...
The main objective of the study is to analyze the present status of the use of skills of the retu... more The main objective of the study is to analyze the present status of the use of skills of the return migrants of Nepal and recommend the policies and programs regarding the future management of the return migrants of Nepal. The sample surveyed 39 migrant returnees from two divergent districts: Dhanusha from Province No.2 and Makawanpur from Province No.3. of Nepal. These two districts were chosen as sample for being the highest migrant-sending districts (not counting those going to India) in the Terai and the hills/mountains respectively.The acquired data were analyzed with the help of descriptive analysis. The return migrants surveyed had either invested in or were thinking of investing in new business.
Contingent valuation method (CVM) is a direct approach it directly asks people what they are will... more Contingent valuation method (CVM) is a direct approach it directly asks people what they are willing to pay for a benefit and/or what they are willing to receive by way of compensation to tolerate a cost in a hypothetical market for environmental goods/services. Although CVM has been widely used for the past two decades, there is considerable controversy over whether it adequately measures people's willingness to pay for environmental quality. In this article an attempt is made to analysis the full economic value of the natural resource using CVM and also to identify determinants of willingness to pay of a household for this natural resource. Generally non-commercial economic value of environmental goods has been neglected in policy designs. The policy implication of this article is that since net social benefit could be achieved from multi-purpose environmental goods at a community level, the government should give more emphasis for such kinds of projects in its policies and pr...
Since the global financial crisis, the economics profession has been more publicly visible—and mo... more Since the global financial crisis, the economics profession has been more publicly visible—and more criticized—than at any other time in its history. Commentaries on the failure of mainstream economics to predict the crisis are ubiquitous, and some critics even place blame for the disaster on the application of misguided economic theories. These reactions have helped turn a spotlight on the role economists play in guiding public policy, and have revealed the underlying power of economic experts over the social and political life of nations. The subject of The Econocracy is a growing tension between economists and society at large that is caused by this power.
In recent years, considerable intellectual interest has arisen over the extent of illicit financi... more In recent years, considerable intellectual interest has arisen over the extent of illicit financial flows which may have development, governance or other consequences for both developed and developing countries. Illicit financial flows involve the cross-border transfer of the proceeds of corruption, trade in contraband goods, criminal activities, and tax evasion. The main objective of this article is to explore the current situation of illicit financial flows from the developing countries with special reference to south Asia and Nepal. The article also explains its causes, impact and measures to stem those flows. Although much effort and resources have been used to stem the illicit financial flows in the world, it is in increasing trend specially in case of developing world.
Since the global financial crisis, the economics profession has been more publicly visible—and mo... more Since the global financial crisis, the economics profession has been more publicly visible—and more criticized—than at any other time in its history. Commentaries on the failure of mainstream economics to predict the crisis are ubiquitous, and some critics even place blame for the disaster on the application of misguided economic theories. These reactions have helped turn a spotlight on the role economists play in guiding public policy, and have revealed the underlying power of economic experts over the social and political life of nations. The subject of The Econocracy is a growing tension between economists and society at large that is caused by this power.
High money supply (M2) and high budget deficits (BD) both are equally responsible for higher rate... more High money supply (M2) and high budget deficits (BD) both are equally responsible for higher rate of inflation. Moreover, inflationary pressure gets more momentum when money supply and budget deficits both increase together. The empirical evidence of Nepal also supports this hypothesis. Present paper re-examines this issue in the context of Nepal by using econometric analysis. The empirical results reveal that long run inflation is not only related with higher money supply but also to budget deficit. On the one hand, there is unidirectional causal relationship between money supply with inflation and similarly budget deficit with inflation. On the other, the supply of money has no causal connection with budget deficit. Hence the finding implies that both monetary and fiscal policies are important to control inflation in Nepal.
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