Effect of International Trade on Economic Growth of Nepal

International Journal of Economics and Management Studies

© 2022 by SSRG - IJEMS Journal

Volume 9 Issue 9

Year of Publication : 2022

Authors : Yashodha Pokhrel

10.14445/23939125/IJEMS-V9I9P101

How to Cite?

Yashodha Pokhrel, "Effect of International Trade on Economic Growth of Nepal," SSRG International Journal of Economics and Management Studies, vol. 9,  no. 9, pp. 1-7, 2022. Crossref, https://doi.org/10.14445/23939125/IJEMS-V9I9P101

Abstract:

International trade is a significant source of economic revenue for any country. This study investigated the impact of international trade on Nepalese economic growth. The objectives of this study were to ascertain the effects of import, export, remittance, and foreign financing trade on the Nepalese economy. The data used for the study was extracted from the Ministry of Finance, the Government of Nepal, the Nepal Economic Survey, and the Nepal Rastra Bank, covering the period from 1978 to 2020. The data were analyzed using the software E-views 12. Multiple regression analysis techniques were employed in estimating the various components of international trade. The empirical evidence indicated a significant effect of international trade on the economic growth of Nepal.

Keywords:

Gross Domestic Product, Import, Export, Remittance, International Trade.

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