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Stream/Area:
-
Subject:
-
Paper ID:
10.55041/IJSREM25917
Volume:
7 |
10 |
Oct 2023
Pages:
Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
This study aims to investigate the relationship between key monetary variables in Nepal and GDP growth between 1999 and 2022. All the calculation are made on the base of the data from the website of Nepal Rastra Bank and Ministry of Finance, Nepal. The results have confirmed that the broad money supply and Interest Rate is positively and significantly affect Gross Domestic Product growth in the Nepalese economy. This was done using the Johansen approach to cointegration and the error correction model. Additionally, the Error Correction coefficient term (-0.70) supports the development of a link between monetary-related variables and GDP growth at a 70% rate of adjustments toward the equilibrium.
KEYWORDS
Publication Date
3/9/2023
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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Conflict of Interest
The authors declare no conflict of interest related to this research work.
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