Role of Financial and Technology Inclusion, Remittances and Exports vis-à-vis growth: A study of Nepal
AbstractUsing the ARDL Bounds approach to cointegration technique, we explore the role of financial services, information and communications technology, remittance inflows and export liberalisation in Nepal over the periods 1975-2010. The results show that financial development, telecommunications, remittance inflows and export orientation are instrumental in improving income level both in the long and short-run, although in the latter, the effects from financial and technology inclusion and remittances have lagged negative effects. Consequently, we propose besides the need for stable macroeconomic and sound institutional structures, policies targeted towards greater financial viz. technology inclusion, investment in and integration of technology across sectors, encouraging greater remittance inflows through sound labour mobility schemes, export promotion strategies focussed towards not only addressing supply side constraints but also strengthening trade partnership at regional and international fronts as a crucial way forward to establishing a new economic order for a new Nepal.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 38850.
Date of creation: 02 Nov 2011
Date of revision: 17 May 2012
Information and communications technology; financial development; trade openness; remittances; Nepal;
Find related papers by JEL classification:
- F24 - International Economics - - International Factor Movements and International Business - - - Remittances
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