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RISS 인기검색어
- 검색키워드
- 저자 : Birendra Narayan SHAH(Birendra Narayan SHAH ) (검색결과 2 건)
- 무료
- 기관 내 무료
- 유료
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Financial Intermediation and Economic Growth: Evidence from Nepal
Birendra Narayan Shah(Birendra Narayan Shah ),Md Iqbal Bhuyan(Md Iqbal Bhuyan ),Sung-Sik Kim(Sung-Sik Kim),Rukshana Salam(Rukshana Salam ) The International Academy of Global Business and T 2023 The International Academy of Global Business and T Vol.19 No.3
Purpose - This study aims to investigate the role of financial intermediation in Nepalese economic growth using time-series data over the period from 1974 to 2019. In order to establish the relationship, GDP per capita is used as a proxy for economic growth, while private sector credit, commercial bank assets, and the broad money supply serve as proxy measures of financial intermediation. Design/Methodology/Approach - To obtain empirical results, the Johansen test of co-integration, the vector error correction model, and the Granger causality test are applied. Findings - The results support finance-led growth in Nepal, implying that financial intermediation is positively associated with economic growth in the long run. A positive association with total trade was observed in the short run, but a negative effect was found in the long run. Granger causality tests indicate that the broad money supply and commercial bank assets are bidirectionally related to Nepal’s economic growth, while private sector credit is unidirectional. Research Implications - The findings suggest that if central bank authorities prioritized monetary policy tools, it may foster economic growth in Nepal in both the short- and long terms. In addition, for the persistent growth of the Nepalese economy, the banking sector should be reformed by employing more liberal policies. The study also suggests that policymakers should take immediate action to correct the direction of Nepalese foreign trade.
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The Influence of Foreign Aid on Public Sector Efficiency: A Panel Data Analysis
Birendra Narayan SHAH(Birendra Narayan SHAH ) 국제융합경영학회 2023 융합경영연구 Vol.11 No.3
Purpose: This paper examines whether foreign aid influences public sector efficiency in policy areas of administration, education, and stability. Research design, data and methodology: The study uses panel data of 77 aid recipient developing countries over the period 2000-2020 and employs various panel data techniques to estimate. Results: We found that a percentage change in foreign aid increases administrative efficiency by 0.02 to 0.04 on average ceteris paribus in the short run. On the other hand, a percentage increase in foreign aid decreases education efficiency by 0.005 to 0.006 on average. While the impact of foreign aid on the policy area of stability is insignificant. Conclusions: The empirical results of this study have important implications for both donors and aid recipient countries. It suggests that to get positive influence from foreign aid, in the area of education and stability, the recipient countries need to increase accessibility of secondary schools with quality education especially; technical and vocational. Also, the donor should provide a minimum threshold amount of foreign aid to developing countries for reforming the institutions' capacity building.
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