All Outputs (72)

Effectiveness of Socio-Technical Assistance (STA) Program for Vulnerable Beneficiaries: Evidence from Nepal’s Post-Earthquake Reconstruction (2024)
Journal Article
Bhusal, N. P., Bhattarai, K., & Walkley, F. (2024). Effectiveness of Socio-Technical Assistance (STA) Program for Vulnerable Beneficiaries: Evidence from Nepal’s Post-Earthquake Reconstruction. Sustainability, 16(15), Article 6284. https://doi.org/10.3390/su16156284

This research study assesses the effectiveness of the Socio-Technical Assistance (STA) program when combined with owner-driven housing reconstruction on rural private housing recovery after Nepal’s 2015 earthquake, particularly regarding vulnerable h... Read More about Effectiveness of Socio-Technical Assistance (STA) Program for Vulnerable Beneficiaries: Evidence from Nepal’s Post-Earthquake Reconstruction.

Impact of Financial Liberalization on Concentration and Competition in the Ghanaian Banking System: A Panzar-Rosse Analysis (2022)
Journal Article
Adu, A., & Bhattarai, K. (2022). Impact of Financial Liberalization on Concentration and Competition in the Ghanaian Banking System: A Panzar-Rosse Analysis. Journal of Development Economics and Finance, 3(2), 253-273. https://doi.org/10.47509/JDEF.2022.v03i02.01

This paper empirically investigated the evolution of market concentration in Ghana. It tests market competitiveness in banking systems post financial sector reforms. Using unbalanced panel data of 24 banks in the period 2003-2012, a period characteri... Read More about Impact of Financial Liberalization on Concentration and Competition in the Ghanaian Banking System: A Panzar-Rosse Analysis.

Trade, Human Capital and Economic Growth in BRICS and EU Economies (2022)
Journal Article
Negem, S. H., & Bhattarai, K. (in press). Trade, Human Capital and Economic Growth in BRICS and EU Economies. Journal of Development Economics and Finance, 3(1), 21-46

This paper examines the impact of both trade and human capital on economic growth of the European Union and BRICS. Over the period 2010-2020, the estimated model is based on endogenous growth theory. Our theoretical model is estimated for the EU and... Read More about Trade, Human Capital and Economic Growth in BRICS and EU Economies.

Convergence in labor productivity across provinces and production sectors in China (2022)
Journal Article
Bhattarai, K., & Qin, W. (2022). Convergence in labor productivity across provinces and production sectors in China. Journal of economic asymmetries, 25, Article e00247. https://doi.org/10.1016/j.jeca.2022.e00247

Empirical evidence is found for the β and σ convergence towards the steady states of labor productivity across provinces and production sectors in China based on estimates of static, dynamic and quintile panel data models. The pattern of convergences... Read More about Convergence in labor productivity across provinces and production sectors in China.

CO2 Emissions, Economic Growth, and Energy Consumption in G7 and BRICS Countries (2021)
Journal Article
Bhattarai, K., & Brind, B. (2021). CO2 Emissions, Economic Growth, and Energy Consumption in G7 and BRICS Countries. Journal of Development Economics and Finance, 2(2),

This research set out to investigate whether economic growth has an impact on CO 2 emissions in G7 and BRICS countries, and whether the Paris Agreement has been effective in respect to CO 2 emissions by successfully analysing each of the five null hy... Read More about CO2 Emissions, Economic Growth, and Energy Consumption in G7 and BRICS Countries.

Economic and Institutional Determinants of Mergers & Acquisitions in BRICS, G7 and G20 Economies (2021)
Journal Article
Bhattarai, K., Prasuna, A., & Kumar, S. N. V. S. (in press). Economic and Institutional Determinants of Mergers & Acquisitions in BRICS, G7 and G20 Economies. Journal of Applied Business and Economics,

Factors contributing towards increasing the number of mergers and acquisitions (M &A) among firms and the volume of business and sales of these firms are assessed empiricallybased on results of the static and dynamic panel data models for BRICS, G7 a... Read More about Economic and Institutional Determinants of Mergers & Acquisitions in BRICS, G7 and G20 Economies.

Growth of the Benefit System in UK (2021)
Journal Article
Bhattarai, K. (2021). Growth of the Benefit System in UK. Journal of Development Economics and Finance, 2(1), 153-176

The benefit system has expanded by ten times in the UK after the adoption the Beveridge social security system in 1940s. It has protected vulnerable people but also brought price distortions and adverse consequences in the economy. Efficiency issues... Read More about Growth of the Benefit System in UK.

India Led Growth in South Asia: Empirical Analyses (2021)
Journal Article
Bhattarai, K. (2021). India Led Growth in South Asia: Empirical Analyses. Journal of Development Economics and Finance, 1(2), 401-415

Strategic lessons are drown based on Ramsey model of growth for the South Asia region and empirical panel data analysis on the determinates of growth in it. Given its size of population this region should push for growth and increase its share of glo... Read More about India Led Growth in South Asia: Empirical Analyses.

Determinants of Capital Flight: New Panel Evidence from Sub-Saharan Africa (SSA) (2020)
Journal Article
Egbulonu, A. J., & Bhattarai, K. (2020). Determinants of Capital Flight: New Panel Evidence from Sub-Saharan Africa (SSA). Journal of Development Economics and Finance, 1(2), 255-287

This paper examines the determinants of capital flight in sub Saharan African countries (SSA) by introducing corruption as a focus variable in the model. The econometric analysis is based on data from 25 SSA countries over the period 1986-2010 using... Read More about Determinants of Capital Flight: New Panel Evidence from Sub-Saharan Africa (SSA).

Exhaustible Resources and Sustainable Growth: Evidence from Libya (2020)
Journal Article
Taloba, A. I., & Bhattarai, K. R. (2020). Exhaustible Resources and Sustainable Growth: Evidence from Libya. Journal of Development Economics and Finance, 1(2), 361-384

Natural endowments and economic growth are often connected. However, this relationship is still controversial. Although natural resources are crucial for economic growth, there is a kind of puzzling aspect in their relationship. For the oil-based eco... Read More about Exhaustible Resources and Sustainable Growth: Evidence from Libya.

Growth and redistribution impacts of income taxes in the Thai Economy: A dynamic CGE analysis (2020)
Journal Article
Bhattarai, K., & Benjasak, C. (2021). Growth and redistribution impacts of income taxes in the Thai Economy: A dynamic CGE analysis. Journal of economic asymmetries, 23, https://doi.org/10.1016/j.jeca.2020.e00189

A reform in the personal income tax (PIT) is helpful in reducing inequality in the distribution of income and consumption in both short and long terms in Thailand. It boosts private consumption, investment, employment, capital stock, exports, imports... Read More about Growth and redistribution impacts of income taxes in the Thai Economy: A dynamic CGE analysis.

Does corruption matter for stock markets? The role of heterogeneous institutions (2020)
Journal Article
Lakshmi, G., Saha, S., & Bhattarai, K. (2021). Does corruption matter for stock markets? The role of heterogeneous institutions. Economic modelling, 94, 386-400. https://doi.org/10.1016/j.econmod.2020.10.011

In examining the role of institutions in resisting corruption and its impact on growth, most studies concentrate on the aggregate level and conclude that sound institutions enhance growth. We focus instead on varying dimensions of heterogeneous insti... Read More about Does corruption matter for stock markets? The role of heterogeneous institutions.

Are global spillovers complementary or competitive? Need for international policy coordination (2020)
Journal Article
Mallick, S. K., Bhattarai, K., Mallick, S., & Yang, B. (2021). Are global spillovers complementary or competitive? Need for international policy coordination. Journal of International Money and Finance, 110, Article 102291. https://doi.org/10.1016/j.jimonfin.2020.102291

© 2020 Elsevier Ltd Advanced and emerging economies are becoming more interdependent with rapid pace of globalization of capital markets and technological innovations in recent years. We examine whether technology and monetary policy shocks get trans... Read More about Are global spillovers complementary or competitive? Need for international policy coordination.

Real Exchange Rate Misalignments of Libyan Dinar: Fundamentals and Markov Switching Regimes (2020)
Journal Article
Bhattarai, K., & Ben-Naser, A. (2020). Real Exchange Rate Misalignments of Libyan Dinar: Fundamentals and Markov Switching Regimes. Journal of Development Economics and Finance, 1(1), 151-162

This study found evidence for a time-varying misalignments of equilibrium RER of the Libyan dinar. Markov switching model explains the overvaluation episodes during. Policy makers should urgently align the actual exchange rate very close to the movem... Read More about Real Exchange Rate Misalignments of Libyan Dinar: Fundamentals and Markov Switching Regimes.

Impacts of GST Reforms on Efficiency, Growth and Redistribution of Income in India: A Dynamic CGE Analysis (2020)
Journal Article
Bhattarai, K., & Bhattarai, K. (2020). Impacts of GST Reforms on Efficiency, Growth and Redistribution of Income in India: A Dynamic CGE Analysis. Journal of Development Economics and Finance, 1(1), 93-133

Goods and service tax (GST) introduced as a 'good and simple tax' on 1 July 2017 by the Modi government is the boldest measure of tax reform so far in India. The major aim of this paper is to evaluate the micro and macro impacts of the goods and serv... Read More about Impacts of GST Reforms on Efficiency, Growth and Redistribution of Income in India: A Dynamic CGE Analysis.

FDI and Economic Performance of Firms in India (2020)
Journal Article
Bhattarai, K., & Negi, V. (2020). FDI and Economic Performance of Firms in India. Studies in Microeconomics, 8(1), 44-74. https://doi.org/10.1177/2321022220918684

FDI contributed positively to sales, profit, employment and wages of firms in India from 2004 to 2018. Foreign capital is complementing domestic capital well embodying technology and innovations required for expansion of domestic firms in it. Foreign... Read More about FDI and Economic Performance of Firms in India.

Constitution, Institutions and A Model for Economic Development in Nepal (2020)
Journal Article
Bhattarai, K. (2020). Constitution, Institutions and A Model for Economic Development in Nepal. Asian Journal of Economics and Finance, 2(2), 119-151

Nepal made significant progress in removing monarchy and terrors of Maoists in the last decade. It however lacks a stable solution for speedier economic growth and development as the major political parties are still struggling to institutionalize th... Read More about Constitution, Institutions and A Model for Economic Development in Nepal.

Capital adjustment cost and inconsistency in income-based dynamic panel models with fixed effects (2019)
Journal Article
Basu, P., Bhattarai, K., & Getachew, Y. (2019). Capital adjustment cost and inconsistency in income-based dynamic panel models with fixed effects. German Economic Review, 20(4), e1002-e1018. https://doi.org/10.1111/geer.12202

After the seminal work of Nickell (1981), a vast literature demonstrates the inconsistency of ‘conditional convergence’ estimator in income-based dynamic panel models with fixed effects when the time horizon (T) is short but the sample of countries (... Read More about Capital adjustment cost and inconsistency in income-based dynamic panel models with fixed effects.

General Equilibrium Impacts of VAT and Corporate Income Tax in Thailand (2019)
Journal Article
Benjasak, C., & Bhattarai, K. (2019). General Equilibrium Impacts of VAT and Corporate Income Tax in Thailand. International Advances in Economic Research, 25(3), 263-276. https://doi.org/10.1007/s11294-019-09742-7

In this paper, a computable general equilibrium model of Thailand is constructed in order to assess economy-wide impacts of reforms in the value added tax (VAT) and corporate income tax (CIT) on welfare and reallocation of resources across production... Read More about General Equilibrium Impacts of VAT and Corporate Income Tax in Thailand.

Application of Panel Data Models for Empirical Economic Analysis (2019)
Book Chapter
Bhattarai, K. (2019). Application of Panel Data Models for Empirical Economic Analysis. In M. Tsionas (Ed.), Panel Data Econometrics : Empirical Applications (665-708). (https://www.sciencedirect.com/book/9780128158593/panel-data-econometrics). Elsevier. https://doi.org/10.1016/B978-0-12-815859-3.00021-4

This chapter reviews important applications of panel data models. The process of substitution of labor by capital as discussed in Karabarbounis and Neiman (2014) and Picketty (2014) have increased the capital share causing reduction in labor share of... Read More about Application of Panel Data Models for Empirical Economic Analysis.