Economic Journal of Nepal <p>A quarterly publication of the Central Department of Economics, Tribhuvan University, Kirtipur, Kathmandu, Nepal.&nbsp;The primary objective of this Journal is to publish articles and research papers on economic and social problems facing Nepal and other countries of the world as well. The Journal is designed to serve as an outlet for an intellectual forum for the communication of ideas among economists and other social scientists in the areas of economic and social development in general and with special reference to Nepal in particular.</p> Central Department of Economics Tribhuvan University en-US Economic Journal of Nepal 1018-631X <p>© Cedecon-TU</p> Economic Cost of Absentee and Dropout Students in Public Schools of Nepal <p>High absenteeism and dropout rates in school are considered one of the major stumbling blocks in achieving educational goals in developing countries. Absentees and dropouts impose a large resource cost on the educational system and the society. The study examines the economic cost of absentee and dropout students in public schools of Nepal. Using data from public schools in a rural municipality in Nepal, the study estimates the unit cost of absentee and dropout students by level. Cost of human resource, stationery, utility and fixed costs of building and furniture were the components for estimating unit costs. The findings reveal that the unit cost of students was equivalent to U.S. $295, 130 and 143 for primary, lower-secondary, and secondary levels respectively, and an average of U.S. $189 overall. The resource loss due to dropout was around 28, 12, and 11 percent of the total resource spent for primary, lower secondary and secondary levels respectively with an average of around 16 percent. The combined resource loss from dropouts and absentees were found to be 39, 23 and 20 percent for the different levels. On average, 26 percent of the public-school resource was lost due to dropouts and absentees. The main causes of dropout and absenteeism were the lack of interest, motivation of parents and the children to attend the school. The study suggests the need for more comprehensive and in depth study for effective policy formulation to address this problem.</p> Ram Rekha Roy Bishnu Prasad Sharma Copyright (c) 2019 © Cedecon-TU 2019-12-31 2019-12-31 42 3-4 1 11 10.3126/ejon.v42i3-4.36029 History of Forest Management in Nepal: An Analysis of Political and Economic Perspective <p>Forest management, a kind of practical application, is technical, scientific and economic principle of forestry to maintain and management. The history of forest management in Nepal is closely associated with the political and economic history of the country. Any change in economic and political and economic situation also directly or indirectly changes the forest management practices of Nepal. The main objective of the study is to analyze the historical development of forest management of Nepal from political and economic perspective. It is a historical and descriptive nature of the study i.e. fully based on the secondary sources of data and information in order to have better understanding about the political and economic effects on forest management practices. The key political changes in the country have been divided into five different periods and thereby notably changes in forest management practices which is starting from the state control and exploitation of forests to people's participation, protection, and conservation, sustainable, and scientific forest management. People's participation in forest management has been widely accepted in legal as well as policy level.</p> Yogesh Ranjit Copyright (c) 2019 © Cedecon-TU 2019-12-31 2019-12-31 42 3-4 12 28 10.3126/ejon.v42i3-4.36030 Perspective of Women in the Nepalese Economy: Opportunities, Challenges and Future Scope <p>Bidirectional relationship between economic development and women's empowerment is one of the issues in this relationship. Economic growth and prosperity is necessary to improve gender inequality by reducing poverty. Another argument assumes that women could play a fundamental role in development. Thus, equality is valuable. Capacity of women is crucial for changing their live positively. This paper explores the scopes, and opportunities provided by the government policies for Nepalese women and analyzed the constraints in implementing the policies based on this authors' two previous studies -- Effectiveness of Gender Responsive Budgeting in Nepal, 2019; and Women's Contribution in Family Economy in Nepal, 2010. Although more than NRs 500 billion of budget is allocated in the programs directly benefitting women, results are not observed as expected. Sustainable economic development is possible only if the women are capable to utilize the resources; capable to control and reap the benefits of economic opportunities; and capable to make strategic decision for changing their lives positively, once they have access to the resources. Once women are capable, there would be no limitation to be involved in economics. Result Based Budgeting (RBB) systems has proven to be a compatible framework for the institutionalization of gender budgeting.</p> Rashmee Shilpakar Rajkarnikar Copyright (c) 2019 © Cedecon-TU 2019-12-31 2019-12-31 42 3-4 29 40 10.3126/ejon.v42i3-4.36031 Estimating Quarterly GDP for Nepal: An Application of Chow-Lin Procedure <p>Nepal started producing annual national income estimates following an internationally accepted system of 'National Account Systems' since the late1960s; and, accordingly, the annual GDP figures for Nepal are available for a longer period. However, the production and publication of quarterly GDP for public consumption have been both rare and occasional. This paper aims to bridge this gap by providing an estimate for quarterly GDP for the period of 1997/98 Q1 to 2017/18 Q4 following well established Chow-Lin procedure. The quarterly exports and government tax revenue are used to extrapolate the magnitude and movement of quarterly GDP. The results show a deterministic seasonal movement over the quarters. In particular, increased economic activities are observed in the second and fourth quarters while making a comparison on quarter to quarter basis. It is expected that this paper will partially fulfill the gap of unavailability of quarterly GDP figures in the public domain, and documents that the researcher may use suitable econometric exercise to obtain inter-temporal disaggregation of low-frequency data such as annual GDP into quarterly figures.</p> Naveen Adhikari Tulasi Nepal Copyright (c) 2019 © Cedecon-TU 2019-12-31 2019-12-31 42 3-4 41 53 10.3126/ejon.v42i3-4.36036 Contribution of Insurance Business In Nepal <p>This study aims to find the contribution of insurance business in Nepalese economy. The insurance sector is assumed to be an infrastructural pillar of the financial sector of the economy. The role of insurance business has been growing importance in financial intermediation, which has received less attention than bank and stock markets. The ultimate goal of insurance business is to provide security to insurance industry according to national need by protecting all classes of the society from natural and social risks while embracing the globally accepted insurance norms. There has been significant contribution of insurance business boosting economic development of Nepal. The objective of the study is to investigate insurance business and examine its contribution on financial resources mobilizations in Nepal. For this theoretical analysis, different research studies have studied to draw the fundamental issues of insurance business in the economy. The simple statistical tools have been applied to analyze the collected data. Furthermore the findings of the study emphasize the development of insurance business and its contribution in mobilizing financial resources needs to be paid more attention in financial sector analysis and macroeconomic policy.</p> Khom Raj Kharel Copyright (c) 2019 © Cedecon-TU 2019-12-31 2019-12-31 42 3-4 54 65 10.3126/ejon.v42i3-4.36038 Role of Inflow of Resources on Economic Growth of Nepal <p>This study attempts to examine the role of the inflow of resources on the economic growth of Nepal incorporating annual time-series data sets of 45 years from 1975 to 2019. The autoregressive distributed lag approach to cointegration is used to identify the long-run as well as the short-run relationship between the variables. The empirical finding indicates that there is a positive relationship between the inflow of resources and economic growth. Quantitatively, gross national saving, domestic loans, foreign loans, and export earnings have a positive impact on the economic growth in both the long-run as well as short-run for the Nepalese economy. Policies encouraging private sector participation, enlarging efficiency, and effectiveness of public sector projects, and expanding export base must be implemented.</p> Tilak Singh Mahara Naw Raj Bhatt Copyright (c) 2019 © Cedecon-TU 2019-12-31 2019-12-31 42 3-4 66 78 10.3126/ejon.v42i3-4.36037 Collier, P. (2008). The Bottom Billion: Why the Poorest Countries are Failing and What Can be Done About It, Oxford University Press, USA. <p>Not Available</p> Ramesh C. Paudel Copyright (c) 2019 © Cedecon-TU 2019-12-31 2019-12-31 42 3-4 79 82 10.3126/ejon.v42i3-4.36039