Role of Remittance in Economic Development of Nepal

Authors

  • Bashanti Acharya Deparment of Economics, Bhaktapur Multiple Campus, Tribhuvan University, Nepal

DOI:

https://doi.org/10.3126/swarnadwar.v4i1.71160

Keywords:

Economic Development, Gross Domestic Product, Per Capita Gross Domestic Product (PCI), Remittance

Abstract

The aim of this research paper is to analyze the impact of remittances in economic development of the country. The study is quantitative in nature and examines the impact of remittances on two economic development indicators: nominal Gross Domestic Product (GDP) and Per Capita GDP (PCI). This study employs both descriptive analysis and a simple linear regression model. The contribution of remittances to GDP was 10.28 percent in 2001/02 and increased to 22.68 percent in 2022/23. The impact of remittances has been seen positive on both indicators, GDP and PCI, but it is comparatively lower for PCI. The findings show that the relationship between remittances and GDP, as well as between remittances and PCI, is significant. This means remittances have been playing vital role in improving economic well-being and reducing poverty.

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Published

2024-10-29

How to Cite

Acharya, B. (2024). Role of Remittance in Economic Development of Nepal. Swarnadwar, 4(1), 114–128. https://doi.org/10.3126/swarnadwar.v4i1.71160

Issue

Vol. 4 No. 1 (2024)

Section

Articles

License

Copyright (c) 2024 Bhaktapur Multiple Campus

Creative Commons License

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