Outputs (73)

Welfare and distributional impacts of financial liberalization in an open economy : lessons from a multi-sectoral dynamic CGE model for Nepal (2016)
Journal Article
Bhattarai, K. (2016). Welfare and distributional impacts of financial liberalization in an open economy : lessons from a multi-sectoral dynamic CGE model for Nepal. International Business Research, 10(1), 181-198. https://doi.org/10.5539/ibr.v10n1p181

By equalizing rates of return across sectors, financial liberalization improves efficiency and equalizes the distribution of income. Efficiency gained in the allocation of resources increases capital usage more in previously heavily repressed sectors... Read More about Welfare and distributional impacts of financial liberalization in an open economy : lessons from a multi-sectoral dynamic CGE model for Nepal.

Macroeconomic impacts of fiscal policy shocks in the UK : a DSGE analysis (2016)
Journal Article
Bhattarai, K., & Trzeciakiewicz, D. (2017). Macroeconomic impacts of fiscal policy shocks in the UK : a DSGE analysis. Economic modelling, 61, 321-338. https://doi.org/10.1016/j.econmod.2016.10.012

This paper develops and estimates a new-Keynesian dynamic stochastic general equilibrium (DSGE) model for the analysis of fiscal policy in the UK. We find that government consumption and investment yield the highest GDP multipliers in the short-run,... Read More about Macroeconomic impacts of fiscal policy shocks in the UK : a DSGE analysis.

Impact of foreign aid on growth and trade (2016)
Journal Article
Bhattarai, K. (2016). Impact of foreign aid on growth and trade. Journal of economics and development studies, 4(3), https://doi.org/10.15640/jeds.v4n3a4

Foreign aid from the donors may or may not raise growth rates in receiving countries. In general they may increase investment but if the amount of aid is associated with conditionality of exports, that will have negative impacts on growth rates. Simu... Read More about Impact of foreign aid on growth and trade.

Growth and income distributions in four EU economies (2016)
Journal Article
Bhattarai, K. (2016). Growth and income distributions in four EU economies. International Advances in Economic Research, 22(3), 263-277. https://doi.org/10.1007/s11294-016-9594-8

Dynamic multi-sectoral and multi-household general equilibrium models are constructed to show how the economies of Germany, France, Spain and the United Kingdom will evolve from 2006 to 2090. These models generate dynamic paths of investment and capi... Read More about Growth and income distributions in four EU economies.

Theories of redistribution and share of labour income (2016)
Presentation / Conference Contribution
Bhattarai, K. (2016, June). Theories of redistribution and share of labour income. Paper presented at European Economics and Finance Society (EEFS) 2016

Abstract We review the functional and size theories of income distribution in the context of growing inequality around the world. The causes for the observed patterns on the shares of labour and capital income in classical, neoclassical, Marxian, str... Read More about Theories of redistribution and share of labour income.

Unemployment-inflation trade-offs in OECD countries (2016)
Journal Article
Bhattarai, K. (2016). Unemployment-inflation trade-offs in OECD countries. Economic modelling, 58, 93-103. https://doi.org/10.1016/j.econmod.2016.05.007

© 2016 The Author. Inflation and unemployment reduce welfare of individuals and should be as low as possible in any economy. Cointegration and Granger causality tests suggest that there are long run relations between these two variables among the OEC... Read More about Unemployment-inflation trade-offs in OECD countries.

The economic effects of the fair tax: analysis of results of a dynamic CGE model of the US economy (2016)
Journal Article
Bhattarai, K., Haughton, J., & Tuerck, D. G. (2016). The economic effects of the fair tax: analysis of results of a dynamic CGE model of the US economy. International economics and economic policy : IEEP, 13(3), 451-466. https://doi.org/10.1007/s10368-016-0352-4

By replacing the current income tax with a national sales tax, the FairTax proposal would end the double taxation of saving inherent in the existing tax code and, by doing so, raise output, employment, investment and capital stock relative to the ben... Read More about The economic effects of the fair tax: analysis of results of a dynamic CGE model of the US economy.

FDI and growth (2016)
Journal Article
Bhattarai, K. (2016). FDI and growth. Advances in Management and Applied Economics, 6(2), 1-23

Multinational corporations [MNCs] usually engage in foreign direct investment [FDI] to take cost advantages of producing abroad to negate the need for licensing or subsidiary production. At the macro level, FDI accounts for significant proportions of... Read More about FDI and growth.

Fiscal policy, growth and income distribution in the UK (2015)
Journal Article
Haughtony, J., Tuerck, D. G., Bhattarai, K., Haughton, J. H., & Tuerck, D. (2015). Fiscal policy, growth and income distribution in the UK. Applied economics and finance, 2(3), 20-36. https://doi.org/10.11114/aef.v2i3.830

Income and income inequality increased substantially in the UK during the industrial revolution. Income inequality was the highest around 1880. This triggered enactments of more egalitarian tax and transfer system, which halved income inequality by t... Read More about Fiscal policy, growth and income distribution in the UK.

Financial deepening and economic growth in advanced and emerging economies (2015)
Journal Article
Bhattarai, K. (2015). Financial deepening and economic growth in advanced and emerging economies. Review of development economics, 19(1), 178-195. https://doi.org/10.1111/rode.12133

While over-…financing caused crises and slow growth in advanced economies including Germany, France and the UK after 2008, more prudent …financial deepening sustained higher economic growth in China and India - two major emerging economies in the wor... Read More about Financial deepening and economic growth in advanced and emerging economies.