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Public debt of Nepal: It’s effect on economic growth

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  • Yadav Mani Upadhyaya

    (Assistant Professor of Economics, Saraswati Multiple Campus, Tribhuvan University, Nepal)

Abstract

Different economists have expressed different views on public debt from time to time. Different articles about public debt and economic development also have different concepts. But there is a great need for public debt in Nepal's economic development to date. It often seems impossible to sustain economic development of Nepal with our resources. The main objective of this article is to explain the trend of public debt and economic development from 1992/93 to 2018/19. It is also to study the impact of public debt on Nepal's economic development. For this, to study the relationship between the simple linear regression model and multiple regression model has used. The regression model is constructed four equations. The conclusion of the study, R2 is more than 90% and P- value is almost zero of the entire regression model. This states that there is a positive relationship between public debt and economic development in Nepal. Despite such positive relations, our growth rate has not been uniform and public debt has been steadily increasing. But even today, Nepal's economic development needs internal and external debt. The main task today is to properly manage public debt for the economic growth of Nepal in coming days.

Suggested Citation

  • Yadav Mani Upadhyaya, "undated". "Public debt of Nepal: It’s effect on economic growth," Review of Socio - Economic Perspectives 202195, Reviewsep.
    • Handle: RePEc:aly:journl:202195
    DOI: https://doi.org/10.19275/RSEP118
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    References listed on IDEAS

    as
    1. Paul A. Samuelson, 1962. "Parable and Realism in Capital Theory: The Surrogate Production Function," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 29(3), pages 193-206.
    2. Nevin, Edward, 1962. "Public Debt and Economic Development," Research Series, Economic and Social Research Institute (ESRI), number GRS11, June.
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    More about this item

    Keywords

    internal debt; external debt; revenue and expenditure; production; growth rate;
    All these keywords.

    JEL classification:

    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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