Impacts of Trump tax reforms on growth, inequality and debt (2017)
Journal Article
Bhattarai, K., Haughton, J. H., & Tuerck, D. (2017). Impacts of Trump tax reforms on growth, inequality and debt. 00 Journal not listed, 20-21

Reforming the tax system of the US has become a major policy agenda of the Trump administration. After months of negotiations the “Big Six”, including the Treasury Secretary, National Economic Director, Republicans in the House and the Senate are gra... Read More

The distributional effects of the Trump and Clinton tax proposals (2017)
Journal Article
Haughton, J., Bachman, P., Bhattarai, K., & Tuerck, D. G. (2017). The distributional effects of the Trump and Clinton tax proposals. Atlantic Economic Journal, 45(4), 453-472. https://doi.org/10.1007/s11293-017-9554-6

Hillary Clinton and Donald Trump, the Democratic and Republican candidates for President of the U.S. in 2016, proposed several changes in the federal tax code. Hillary Clinton would add a personal income tax surcharge of 4% on high annual incomes, li... Read More

Tax plan debates in the US presidential election : a dynamic CGE analysis of growth and redistribution trade-offs (2017)
Journal Article
Bhattarai, K., Bachman, P., Conte, F., Haughton, J., Head, M., & Tuerck, D. G. (2018). Tax plan debates in the US presidential election : a dynamic CGE analysis of growth and redistribution trade-offs. Economic modelling, 68, (529-542). doi:10.1016/j.econmod.2017.08.031. ISSN 0264-9993

The two major candidates in the 2016 presidential election made sharply different proposals for reforming the Federal tax code. Donald Trump proposed cutting taxes to provide “tax relief for middle-class Americans”, and lowering corporation taxes to... Read More

Dynamic CGE model of the Chinese economy for fiscal and financial policy analysis (2017)
Journal Article
Bhattarai, K. (2017). Dynamic CGE model of the Chinese economy for fiscal and financial policy analysis. USA-China business review, 16(4), 141-164. https://doi.org/10.17265/1537-1514/2017.04.001

China is to become the largest economy in the world by 2020 according to the IMF forecasts. Annual growth rates of output remained around 9.3 percent on average during 1980 to 2015. It was made possible by the accumulation capital with steady flows o... Read More

Simulating corporate income tax reform proposals with a dynamic CGE model (2017)
Journal Article
Bhattarai, K., Haughton, J., Head, M., & Tuerck, D. G. (2017). Simulating corporate income tax reform proposals with a dynamic CGE model. International Journal of Economics and Finance, 9(5), 20-35. https://doi.org/10.5539/ijef.v9n5p20

Opinion leaders and policy makers in the United States have turned their focus to the corporate income tax, which now has the highest statutory rate in the developed world. Using a dynamic computable general equilibrium model (the “NCPA-DCGE Model”),... Read More

Determinants of wages and labour supply in the UK (2017)
Journal Article
Bhattarai, K. (2017). Determinants of wages and labour supply in the UK. Chinese Business Review, 16(3), 126-140. https://doi.org/10.17265/1537-1506/2017.03.002

We explore characteristics of the UK labour market with special emphasis on explanation of the existing wage inequalities, determinants of participation and variation in the magnitude of hours of labour supplied among individuals. We explain up to 92... Read More

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. doi: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

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

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), doi: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

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

Theories of redistribution and share of labour income (2016)
Presentation / Conference
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

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

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). doi:10.1007/s10368-016-0352-4. ISSN 1612-4804

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

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

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. doi: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

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

Financial deepening and economic growth (2014)
Journal Article
Bhattarai, K. (2015). Financial deepening and economic growth. Applied economics, 47(11), 1133-1150. https://doi.org/10.1080/00036846.2014.993130

The core of Shapley-Shubik games and general equilibrium models with a Venn diagram is applied for a theory on the role of real finance in economic growth among advanced economies. Then the dynamic computable general equilibrium (DCGE) models for Ger... Read More

Equilibrium unemployment in a general equilibrium model with taxes (2014)
Journal Article
Bhattarai, K., & Dixon, H. (2014). Equilibrium unemployment in a general equilibrium model with taxes. The Manchester school, 82(Supplement S1), 90-128. doi:10.1111/manc.12066

The ratio of unemployed to vacancies has risen sharply in the UK after the recession of 2008/09. How harmful is it for the long run growth, equity and efficiency and what sorts of long run cycles does it generate in the economy? With a dynamic comput... Read More

Money and economic growth (2014)
Journal Article
Bhattarai, K. (2014). Money and economic growth. Journal of economic asymmetries, 11, 8-18. https://doi.org/10.1016/j.jeca.2014.04.002

We study results of the cash in advance and money in utility models about the nature of fluctuations in economic activities and welfare in three interdependent economies. When the money is exogenously introduced in the form of cash in advance, it ser... Read More

Impact of China's currency valuation and labour cost on the US in a trade and exchange rate model (2013)
Journal Article
Bhattarai, K., & Mallick, S. (2013). Impact of China's currency valuation and labour cost on the US in a trade and exchange rate model. North American journal of economics and finance, 25, (40-59). doi:10.1016/j.najef.2013.03.001. ISSN 1062-9408

Ricardian dynamic general equilibrium analyses show that under free trade arrangements a low income country with lower wage cost and large endowment of labour has comparative advantage in trade. Efficiency gains from this enhance economic growth and... Read More