Welfare Effects of Skills and Human Capital Development Policies in a DCGE Model of Ghana Article History (2023)
Journal Article
Bhattarai, K., & Okyere, E. (2023). Welfare Effects of Skills and Human Capital Development Policies in a DCGE Model of Ghana Article History. Journal of Development Economics and Finance, 4(1), 1-18. https://doi.org/10.47509/JDEF.2023.v04i01.01

Based on a 2012 Ghanaian social accounting matrix, we determined how different leisure levels and labour endowments affect household welfare and sectoral outputs. The findings of the leisure experiments point to a pattern in which the wellbeing impac... Read More about Welfare Effects of Skills and Human Capital Development Policies in a DCGE Model of Ghana Article History.

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. https://doi.org/10.46791/jdef.2022.v03i01.02

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.