All Outputs (73)

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. https://doi.org/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 about Equilibrium unemployment in a general equilibrium model with taxes.

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 about Money and economic growth.

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. https://doi.org/10.1016/j.najef.2013.03.001

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 about Impact of China's currency valuation and labour cost on the US in a trade and exchange rate model.

Government bias in education, schooling attainment, and long-run growth (2012)
Journal Article
Bhattarai, K., & Basu, P. (2012). Government bias in education, schooling attainment, and long-run growth. Southern Economic Journal, 79(1), 127-143. https://doi.org/10.4284/0038-4038-79.1.127

A surprising cross-country stylized fact is that higher public spending on education tends to lower the long-run growth rate of per capita GDP and the returns to schooling. This is contrary to the conventional wisdom that education is a major driver... Read More about Government bias in education, schooling attainment, and long-run growth.

Brain gain (drain), immigration and global network: Nepalese students in the UK (2011)
Journal Article
Bhattarai, K. (2011). Brain gain (drain), immigration and global network: Nepalese students in the UK. International Journal of Economic Policy in Emerging Economies, 4(4), 345-365. https://doi.org/10.1504/IJEPEE.2011.043309

Nepalese students in UK are struggling to balance tuition and other expenses in the short-run and for the gainful employment in the long run. The opportunity cost of emigration in a labour surplus economy of Nepal is very little in comparison to bene... Read More about Brain gain (drain), immigration and global network: Nepalese students in the UK.

Impact of exchange rate and money supply on growth, inflation and interest rates in the UK (2011)
Journal Article
Bhattarai, K. (2011). Impact of exchange rate and money supply on growth, inflation and interest rates in the UK. International Journal of Monetary Economics and Finance, 4(4), 355-371. https://doi.org/10.1504/IJMEF.2011.043400

Growth rates, inflation and interest rates are determined simultaneously in the UK. Depreciations of Sterling pounds contribute to the growth by enhancing international competitiveness. Inflation from the growth of money, depreciation of Sterling and... Read More about Impact of exchange rate and money supply on growth, inflation and interest rates in the UK.

General equilibrium impacts of monetary and fiscal policies on welfare of households in South Asia (2011)
Journal Article
Bhattarai, K. (2011). General equilibrium impacts of monetary and fiscal policies on welfare of households in South Asia. Review of development economics, 15(4), 745-757. https://doi.org/10.1111/j.1467-9361.2011.00640.x

Impacts of fiscal and monetary policies are assessed in an open economy two sector multi-household general equilibrium tax model with money for South Asia. Despite impressive growth rates there is evidence for alarming gaps in the distribution of inc... Read More about General equilibrium impacts of monetary and fiscal policies on welfare of households in South Asia.

Cognitive Skills, Openness and Growth (2011)
Journal Article
Bhattarai, K., & Basu, P. (2012). Cognitive Skills, Openness and Growth. Economic Record, 88(280), 18-38. https://doi.org/10.1111/j.1475-4932.2011.00764.x

A significant positive relationship exists between the ratios of trade and educational spending to gross domestic product, implying that countries which are more open on the trade front also spend more on education. An open economy endogenous growth... Read More about Cognitive Skills, Openness and Growth.

Trade, growth and poverty in South Asia (2011)
Book Chapter
Bhattarai, K. (2011). Trade, growth and poverty in South Asia. In R. Jha (Ed.), Routledge Handbook of South Asian Economics (258-276). Routledge. https://doi.org/10.4324/9780203827796.ch17

How trade promotes growth and how growth helps to reduce poverty has achieved some attention in the literature. Export-oriented growth strategy has transformed several East Asian countries including South Korea, Taiwan, Singapore and Hong Kong within... Read More about Trade, growth and poverty in South Asia.

Why fuel poverty? (2010)
Journal Article
Bhattarai, K. (2010). Why fuel poverty?. Romanian journal of economic forecasting, 13(3),

The National Health Service (NHS) in UK prescribes 21°C in the living room and 18°C in other rooms for all households but for more than 7.7 percent households cost of heating is above 10 percent of their income and they suffered from coldness related... Read More about Why fuel poverty?.

Strategic and general equilibrium models in poverty measurement studies (2010)
Journal Article
Bhattarai, K. (2010). Strategic and general equilibrium models in poverty measurement studies. Romanian journal of economic forecasting, 13(1), 137-150

Incentive compatibility in poverty alleviation game for the most efficient and just allocation of resources and maximisation of social welfare requires cooperation from both rich and poor households, governments and the global community. Noncooperati... Read More about Strategic and general equilibrium models in poverty measurement studies.

Taxes, public spendings and economic growth in OECD countries (2010)
Journal Article
Bhattarai, K. (2010). Taxes, public spendings and economic growth in OECD countries. Problems and Perspectives in Management, 8(1), 14-30

Impacts of taxes and spending on accumulation and growth are assessed theoretically using neoclassical, optimal growth and overlapping generation models. Empirical supports based on rank correlation and panel regression analysis suggest that countrie... Read More about Taxes, public spendings and economic growth in OECD countries.

Redistributive effects of transfer programmes in the United Kingdom (2009)
Journal Article
Bhattarai, K., & Whalley, J. (2009). Redistributive effects of transfer programmes in the United Kingdom. Economica, 76(303), 413-431. https://doi.org/10.1111/j.1468-0335.2008.00686.x

We discuss the redistribution effects of transfer using a conditional-choice general equilibrium model. We calibrate it to UK data for the early 2000s. Results indicate that a money-metric measure of the welfare value of transfer received by the bott... Read More about Redistributive effects of transfer programmes in the United Kingdom.

An empirical study of interest rate determination rules (2008)
Journal Article
Bhattarai, K. (2008). An empirical study of interest rate determination rules. Applied financial economics, 18(4), 327-343. https://doi.org/10.1080/09603100500447560

This paper finds empirical support for a Taylor (1993) type interest rate determination rule. The model is solved analytically, estimated and used for simulation, impulse response analyses and forecasting with quarterly time series data for the UK an... Read More about An empirical study of interest rate determination rules.

Welfare impacts of equal-yield tax reforms in the UK economy (2007)
Journal Article
Bhattarai, K. R. (2007). Welfare impacts of equal-yield tax reforms in the UK economy. Applied economics, 39(12), 1545-1563. https://doi.org/10.1080/00036840600571100

A multisectoral dynamic general equilibrium tax model with and without announcement effects for open and closed capital markets is used to evaluate efficiency gains and transitional effects from equal-yield tax reforms for seven different taxes in th... Read More about Welfare impacts of equal-yield tax reforms in the UK economy.

Input-output and general equilibrium models for Hull and Humber region in England (2007)
Journal Article
Bhattarai, K. (2007). Input-output and general equilibrium models for Hull and Humber region in England. Atlantic Economic Journal, 35(4), 473-490. https://doi.org/10.1007/s11293-007-9081-y

This paper shows how one can construct an input output table for four Humber sub regions in England with information on levels and share of employment and output provided by the Humber Forum using coefficients from the national input-output table of... Read More about Input-output and general equilibrium models for Hull and Humber region in England.

The division and size of gains from liberalization in service networks (2006)
Journal Article
Bhattarai, K., & Whalley, J. (2006). The division and size of gains from liberalization in service networks. Review of International Economics, 14(3), 348-361. https://doi.org/10.1111/j.1467-9396.2006.00594.x

If two disjoint country service networks involving a small and large country are connected as part of international liberalization in the presence of network externalities, the per capita gain for the small country from access to a large network will... Read More about The division and size of gains from liberalization in service networks.

Multi-sectoral multi-household general equilibrium tax model: An application (2004)
Journal Article
Bhattarai, K. R. (2004). Multi-sectoral multi-household general equilibrium tax model: An application. Problems and Perspectives in Management, 2(3), 216-241

We present a general equilibrium tax model with four production sectors and three households with a government that collects taxes on capital income, household income and commodities and redistributes income by transferring tax revenue to households.... Read More about Multi-sectoral multi-household general equilibrium tax model: An application.

Discreteness and the welfare cost of labor supply tax distortions (2003)
Journal Article
Bhattarai, K., & Whalley, J. (2003). Discreteness and the welfare cost of labor supply tax distortions. International Economic Review, 44(3), 1117-1133. https://doi.org/10.1111/1468-2354.t01-1-00103

We compare the welfare costs of tax distortions of labor supply in one- and two-member household discrete and continuous choice labor supply (leisure consumption) models calibrated to the same aggregate uncompensated labor supply elasticities. In the... Read More about Discreteness and the welfare cost of labor supply tax distortions.

Discreteness and the Welfare Cost of Labour Supply Tax Distortions (2002)
Preprint / Working Paper
Bhattarai, K., & Whalley, J. Discreteness and the Welfare Cost of Labour Supply Tax Distortions

We compare the welfare costs of tax distortions of labour supply in one and two member household discrete and continuous labour supply (leisure consumption) choice models calibrated to the same aggregate uncompensated labour supply elasticities. In t... Read More about Discreteness and the Welfare Cost of Labour Supply Tax Distortions.