IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/102778.html
   My bibliography  Save this paper

A Review of the Economic Impacts of the COVID-19 Pandemic and Economic Policies in Nepal

Author

Listed:
  • Raut, Nirmal Kumar

Abstract

This paper undertakes a descriptive review of the macroeconomic and microeconomic impact of COVID-19 and of the consequent lockdown imposed by the government in Nepal. The review shows that almost all macroeconomic indicators have either slowed down or become negative suggesting adverse effect of COVID-19 on Nepalese economy. Likewise, at micro level, the review shows that it has severely affected the household economy as well as the business firms. The effects are identified on health, education, food security and employment. At the firm level, the cost and unemployment have increased while the productivity, profit and income have decreased. This therefore calls for the concerted efforts on the part of all the stakeholders, more importantly the State to adopt a policy-mix that can adequately manage the health crisis on the one hand and the livelihood on the other, keeping in mind their long term effects on accumulation of financial, physical and human capital.

Suggested Citation

  • Raut, Nirmal Kumar, 2020. "A Review of the Economic Impacts of the COVID-19 Pandemic and Economic Policies in Nepal," MPRA Paper 102778, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:102778
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/102778/1/MPRA_paper_102778.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Thapa, Manish, 2021. "Government’s response during COVID-19 Pandemic in Nepal," MPRA Paper 111666, University Library of Munich, Germany.

    More about this item

    Keywords

    COVID-19; Economic Impact; Nepal;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:102778. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.