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Special Graduate Schools
Graduate School of International Studies
Department of International Development Cooperation
3. Theses(Master)
Do Twin Deficits Exists in Nepal?
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.advisor | Kim Donggeun | - |
| dc.contributor.author | SubediI Netra Prasad | - |
| dc.date.accessioned | 2018-11-08T06:40:06Z | - |
| dc.date.available | 2018-11-08T06:40:06Z | - |
| dc.date.issued | 2013-08 | - |
| dc.identifier.other | 14723 | - |
| dc.identifier.uri | https://dspace.ajou.ac.kr/handle/2018.oak/3403 | - |
| dc.description | 학위논문(석사)아주대학교 국제대학원 :국제개발협력과,2013. 8 | - |
| dc.description.tableofcontents | ABSTRACT...........................................i ACKNOWLEDGEMENT...................................ii LIST OF FIGURES AND TABLES........................iv ABBREVIATIONS......................................v SECTION I: INTRODUCTION 1 SECTION II: LITERATURE REVIEW 3 2.1. Theoretical Review 3 2.1.1 Concept of Twin Deficits 3 2.1.2 Current Account and its Components 5 2.1.3 Relation Between Fiscal Deficit and Current Account Deficit 6 2.1.4 History of Twin Deficit Study 8 2.2 Literature Review 9 2.3 Possible Causation Linkages in the Twin Deficits Study 16 SECTION III: MACROECONOMIC FUNDAMENTALS OF NEPALESE ECONOMY 18 3.1 Geographical Location and the Demography 18 3.2 Economic Structure and Performance 18 3.3 Descriptive Overview of Macroeconomic Situation 22 3.4 Twin Deficits Analysis in Nepalese Case: Why is it Relevant? 25 SECTION IV: EMPIRICAL ANALYSIS 27 4.1 Data Description 27 4.2 Pretests 28 4.2.1 Unit Root Tests 28 4.2.2 Test of Cointegration 30 4.3 Causality Tests Based on VECM 32 4.4 Policy Implication 34 SECTION V: CONCLUSION 35 References LIST OF FIGURES Figure 1: Four Possible Linkages in Twin Deficits Hypothesis..................................................17 Figure 2: Real GDP Growth of Nepal.........................................................................................22 Figure 3: Sources of Deficit Financing as % of Total Expenditure............................................23 Figure 4: Sources of Foreign Currency in % of Real GDP........................................................25 Figure 5: Exchange Rate of Nepal (NRs/US Dollars)...............................................................28 LIST OF TABLES Table 1: Summary of Literary Evidence on Twin Deficit Empirical Studies 15 Table 2: Ratio of Public Debt to GDP in Nepal 23 Table 3: Trade Scenario of Five South Asian Countries in 2008 24 Table 4: Augmented Dickey-Fuller (ADF) Unit Root Test Results 29 Table 5: Phillips-Perron (PP) Test Results 30 Table 6: Test of Stationarity of the Residuals using ADF 31 Table 7: Lag Length Criteria 31 Table 8: Johansen's Cointegration Test Results 32 Table 9: Linear Granger Causality Test Results 33 | - |
| dc.language.iso | eng | - |
| dc.publisher | Graduate School of International Studies Ajou University | - |
| dc.rights | 아주대학교 논문은 저작권에 의해 보호받습니다. | - |
| dc.title | Do Twin Deficits Exists in Nepal? | - |
| dc.type | Thesis | - |
| dc.contributor.affiliation | 아주대학교 국제대학원 | - |
| dc.contributor.department | 국제대학원 국제개발협력학과 | - |
| dc.date.awarded | 2013. 8 | - |
| dc.description.degree | Master | - |
| dc.identifier.localId | 571173 | - |
| dc.identifier.url | http://dcoll.ajou.ac.kr:9080/dcollection/jsp/common/DcLoOrgPer.jsp?sItemId=000000014723 | - |
| dc.description.alternativeAbstract | The main purpose of the study is to explore any possible causal relationship between budget deficit and current account deficit. In this purpose, we use exchange rate as third variable with the data span of 1980-2011 and VECM model is applied. Test results show that there exists unidirectional causation linkage running from budget balance to current account balance, which indicates that twin deficits exist in Nepal. Based upon this empirical finding, it is suggested that the internal productive capacity enhancement is the only sustainable way to address the twin deficits problem of Nepal. | - |
| dc.title.subtitle | An Empirical Analysis by Using of VECM | - |
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