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Economic Impact of Tourism Finance in Nepal


  • Bishnu Prasad Gautam Ph. D.

    () (Nepal Rastra Bank)


This paper investigates the effects of tourism industry on gross domestic product (GDP) and finds a significant positive relationship between tourism financing and GDP. Moreover, the role of various sources of tourism financing, including government financing and the loan financing of banks and financial institutions, on economic growth has also been examined and the result supports the conventional wisdom that there is significant positive relationship between the variables. This paper uses primary data collected from the field survey during February - April 2006 and the secondary data utilizing 30 annual observations from FY 1974/75 to 2004/05. Both the level and logarithmic form data are examined using the OLS estimation method and the Cochrane-Orcutt (C-O) iterative procedure is applied consid ering the robustness of the model.

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  • Bishnu Prasad Gautam Ph. D., 2008. "Economic Impact of Tourism Finance in Nepal," NRB Economic Review, Nepal Rastra Bank, Research Department, vol. 20, pages 62-73, April.
  • Handle: RePEc:nrb:journl:v:20:y:2008:p:62-73

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    References listed on IDEAS

    1. Silber, William L, 1969. "Monetary Channels and the Relative Importance of Money Supply and Bank Portfolios," Journal of Finance, American Finance Association, vol. 24(1), pages 81-87, March.
    2. Tisdell, Clem & Wen, Jie, 1991. "Investment in China's tourism industry: Its scale, nature, and policy issues," China Economic Review, Elsevier, vol. 2(2), pages 175-193.
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    Cited by:

    1. Prof. Frank Westermann Ph.D., 2012. "Linkages between Sectoral Output Growth and Financial Development in Nepal," NRB Economic Review, Nepal Rastra Bank, Research Department, vol. 24(2), pages 15-30, October.
    2. Gautam, Bishnu Prasad, 2009. "Financing Practices Of Banks And Financial Institutions In Nepal," MPRA Paper 58354, University Library of Munich, Germany, revised 05 Jul 2011.
    3. repec:nrb:journl:v:24:y:2012:i:2:p:2 is not listed on IDEAS
    4. Gautam, Bishnu Prasad, 2014. "Economic Dynamics of Tourism in Nepal: A VECM Approach," MPRA Paper 58102, University Library of Munich, Germany.

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