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Consumption Functions of India: Pre and Post Covid-19 (2023)
Journal Article
Kasturi, A., Bhattarai, K., Prasuna, A., & Siva Kumar, S. N. V. (2023). Consumption Functions of India: Pre and Post Covid-19. Journal of Development Economics and Finance, 4(2), 451-463. https://doi.org/10.47509/JDEF.2023.v04i02.09

Consumption is essential for living for every individual. Better consumption is the most important economic goal of every individual from rich or poor households whether they are located in urban or rural areas. There is huge theoretical and empirica... Read More about Consumption Functions of India: Pre and Post Covid-19.

Assessing Satisfaction levels of the Earthquake Beneficiaries with the Post-disaster Private Housing Reconstruction Programme: Evidence from Nepal (2023)
Journal Article
Bhusal, N. P., & Bhattarai, K. (2023). Assessing Satisfaction levels of the Earthquake Beneficiaries with the Post-disaster Private Housing Reconstruction Programme: Evidence from Nepal. Journal of Development Economics and Finance, 4(2), 277-308. https://doi.org/10.47509/jdef.2023.v04i02.01

Following the 2015 earthquake, Nepal embarked on an ambitious post-disaster housing reconstruction programme, constructing approximately 700,000 houses through the owner-driven private housing reconstruction (ODR) approach. This programme is consider... Read More about Assessing Satisfaction levels of the Earthquake Beneficiaries with the Post-disaster Private Housing Reconstruction Programme: Evidence from Nepal.

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

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.

Macroeconomic impacts of exchange rate misalignments in Libya (2019)
Thesis
Ben-Naser, A. (2019). Macroeconomic impacts of exchange rate misalignments in Libya. (Thesis). University of Hull. Retrieved from https://hull-repository.worktribe.com/output/4221981

This study attempted to shed light on misalignments of real exchange rate in the Libyan economy. This is the first study that focuses on estimating the real exchange rate misalignments for the Libyan currency in my knowledge. The study took into acco... Read More about Macroeconomic impacts of exchange rate misalignments in Libya.

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.

Impacts of direct and indirect tax reforms in Vietnam: A CGE analysis (2019)
Journal Article
Bhattarai, K., Nguyen, D. T. K., & Van Nguyen, C. (2019). Impacts of direct and indirect tax reforms in Vietnam: A CGE analysis. Economies, 7(2), Article 50. https://doi.org/10.3390/economies7020050

The study applies a multi-sector multi-household static computable general equilibrium (CGE) tax model to assess the economy-wide impacts of taxes in Vietnam. It examines two tax reform scenarios based on the tax reform plan proposed by the Vietnam M... Read More about Impacts of direct and indirect tax reforms in Vietnam: A CGE analysis.

An empirical analysis of the Taylor rule and its application to monetary policy: a case for the United Kingdom and Euro area (2018)
Journal Article
Bhattarai, K., & Carter, M. (in press). An empirical analysis of the Taylor rule and its application to monetary policy: a case for the United Kingdom and Euro area. Asian Journal of Economics and Empirical Research, 5(2), 173-182. https://doi.org/10.20448/journal.501.2018.52.173.182

This paper analyses the Taylor rule and its application to monetary policy in the United Kingdom and Euro area. The analysis uses a linear regression on quarterly economic data from 1993Q1 to 2017Q4 for the United Kingdom and 2000Q1 to 2016Q4 for the... Read More about An empirical analysis of the Taylor rule and its application to monetary policy: a case for the United Kingdom and Euro area.

The dynamics of corruption, capital flight and economic growth with panel evidence from Sub-Saharan Africa (SSA) (2018)
Thesis
Egbulonu, A. J. (2018). The dynamics of corruption, capital flight and economic growth with panel evidence from Sub-Saharan Africa (SSA). (Thesis). University of Hull. Retrieved from https://hull-repository.worktribe.com/output/4224493

This PhD thesis represents a contribution to the literature on the dynamics of corruption, capital flight and economic growth. It is made up of three empirical essays on corruption, capital flight and economic growth with a particular focus on sub-Sa... Read More about The dynamics of corruption, capital flight and economic growth with panel evidence from Sub-Saharan Africa (SSA).

Estimating Equilibrium Real Exchange Rate And Misalignment In An Oil Exporting Country: Libya's Experience (2017)
Journal Article
Ben-Naser, A., Bhattarai, K., & Elheddad, M. M. (2018). Estimating Equilibrium Real Exchange Rate And Misalignment In An Oil Exporting Country: Libya's Experience. The journal of developing areas, 52(4), 249-267. https://doi.org/10.1353/jda.2018.0063

Exchange rate misalignments has attract a significant attention especially in developing economies; Libyan economy has witnessed a major economic and political changes. Libyan exchange rate has been changed specifically after 2000, and political ins... Read More about Estimating Equilibrium Real Exchange Rate And Misalignment In An Oil Exporting Country: Libya's Experience.

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 about Impacts of Trump tax reforms on growth, inequality and debt.

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 about The distributional effects of the Trump and Clinton tax proposals.

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. https://doi.org/10.1016/j.econmod.2017.08.031

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 about Tax plan debates in the US presidential election : a dynamic CGE analysis of growth and redistribution trade-offs.

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 about Dynamic CGE model of the Chinese economy for fiscal and financial policy analysis.

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 about Simulating corporate income tax reform proposals with a dynamic CGE model.

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 about Determinants of wages and labour supply in the UK.

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
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.

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 about Financial deepening and economic growth.

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.

An exploration of ex post contract adjustment under public private partnership with special investigation of the transportation industry (2014)
Thesis
Fu, T. (2014). An exploration of ex post contract adjustment under public private partnership with special investigation of the transportation industry. (Thesis). University of Hull. Retrieved from https://hull-repository.worktribe.com/output/4216092

This research focuses on ex post Contract Adjustment (CA) under Public Private Partnership (PPP) program. It includes theoretical exploration and empirical investigation. The former has one model while the latter finishes two sets of regression with... Read More about An exploration of ex post contract adjustment under public private partnership with special investigation of the transportation industry.

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). London: 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.

Regional macroeconomic dynamics in Britain: Investigating structural heterogeneity in transmission of shocks (2009)
Thesis
Sloan, A. S. (2009). Regional macroeconomic dynamics in Britain: Investigating structural heterogeneity in transmission of shocks. (Thesis). University of Hull. Retrieved from https://hull-repository.worktribe.com/output/4208831

This thesis is a study of the macrodynamics of the British regions. It reports the existence of heterogeneity in British regional macrodynamics and furthermore demonstrates, through three related research programmes, for the first time how difference... Read More about Regional macroeconomic dynamics in Britain: Investigating structural heterogeneity in transmission of shocks.

Free trade and economic growth of Egypt (2008)
Thesis
Negem, S. H. H. (2008). Free trade and economic growth of Egypt. (Thesis). University of Hull. Retrieved from https://hull-repository.worktribe.com/output/4208875

Free trade relations have become an important issue in both trade and development literature since the 1950s. From this period, 1950-1959, until the end of the 1960s, the economy of Egypt was protected as a result of the adoption of import substituti... Read More about Free trade and economic growth of Egypt.

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.

FDI and regulation with particular reference to entry of multinational supermarket firms into Malaysia (2005)
Thesis
Hasan, R. (2005). FDI and regulation with particular reference to entry of multinational supermarket firms into Malaysia. (Thesis). University of Hull. Retrieved from https://hull-repository.worktribe.com/output/4212497

This dissertation has concentrated on a study of a particular class of foreign direct investment (FDI) and multinational firms (MNFs), that of services and supermarket firms. This focus contrasts sharply with most previous works on FDI, which have co... Read More about FDI and regulation with particular reference to entry of multinational supermarket firms into Malaysia.

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)
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.

Welfare Gains to UK from a Global Free Trade (2001)
Journal Article
Bhattarai, K. (2001). Welfare Gains to UK from a Global Free Trade. European Research Studies Journal, 4(3-4), 55-72. https://doi.org/10.35808/ersj/65

This paper reports on a 11 region 15 sector global trade model which includes the UK as one of the regions. Model results show that a global elimination of tariffs, export taxes and subsidies raises the volume of global trade. Gains from the global f... Read More about Welfare Gains to UK from a Global Free Trade.

GENERAL EQUILIBRIUM MODELLING OF UK TAX POLICY (2000)
Book Chapter
Bhattarai, K. (2000). GENERAL EQUILIBRIUM MODELLING OF UK TAX POLICY. In S. Holly, & M. Weale (Eds.), Econometric Modelling: Techniques and Applications (69-93). Cambridge: Cambridge University Press

This paper discusses applied general equilibrium tax modelling, and initial applications to UK policy issues under an ESRC supported research project on General Equilibrium Modelling of UK Policy Issues. Future activity on the project will reflect th... Read More about GENERAL EQUILIBRIUM MODELLING OF UK TAX POLICY.

The role of labour demand elasticities in tax incidence analysis with heterogeneous labour (1999)
Journal Article
Bhattarai, K., & Whalley, J. (1999). The role of labour demand elasticities in tax incidence analysis with heterogeneous labour. Empirical economics, 24(4), 599-619. https://doi.org/10.1007/s001810050075

Whether labour bears full burden of household level income and consumption taxes ultimately depends on the degree of substitutability among different types of labour in production. We find more variation in incidence patterns across households with l... Read More about The role of labour demand elasticities in tax incidence analysis with heterogeneous labour.

Macroeconomic policy coordination in the global economy : VAR and BVAR-DSGE analyses
Digital Artefact
Bhattarai, K., & Mallick, S. Macroeconomic policy coordination in the global economy : VAR and BVAR-DSGE analyses

Impulse response and variance decomposition estimations are similar in traditional VAR (1) and BVAR-DSGE models but the later model can provide theoretical and structural reasons behind those estimations. In the context of growth competition and spil... Read More about Macroeconomic policy coordination in the global economy : VAR and BVAR-DSGE analyses.

Economic growth and public debt
Conference Proceeding
Bhattarai, K. Economic growth and public debt.

Abstract There is a controversy in the literature about the economic contribution of public deficit. Keynesian economists generally argue that by spending more on goods and services and infrastructure possible budget deficit is helpful to create more... Read More about Economic growth and public debt.

Constitution, institutions and models for economic growth in Nepal
Conference Proceeding
Bhattarai, K. Constitution, institutions and models for economic growth in Nepal.

Nepal made significant progress in removing monarchy and terrors of Maoists in the last decade. It however lacks a stable solution of speedier economic growth and development as the major political parties were not able to promulgate a constitution b... Read More about Constitution, institutions and models for economic growth in Nepal.

Econometric Analysis (700661)
Other
Bhattarai, K. (2023). Econometric Analysis (700661). University of Hull

Econometric techniques are changing very rapidly along with developments in economic theories. Advanced level of economic analysis requires training in advanced econometrics. Most important theoretical developments in econometrics including fundament... Read More about Econometric Analysis (700661).

Microeconomics: Learning through Games and Simulations (551375)
Other
Bhattarai, K. (2023). Microeconomics: Learning through Games and Simulations (551375). [PDF]. University of Hull

A concise knowledge of microeconomic theories is essential in order to understand the complex mechanism of allocation of resources efficiently. Right decisions based on such analysis not only enhances wellbeing of households who maximise their utilit... Read More about Microeconomics: Learning through Games and Simulations (551375).