Since 2014
Assessing Public Debt Sustainability: An Empirical Study of Nepal
Economic Journal of Development Issues
View Archive Info| Field | Value | |
| Title |
Assessing Public Debt Sustainability: An Empirical Study of Nepal
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| Creator |
Bista, Nar Bahadur; Department of Economics
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| Subject |
Economics
Sustainability; Stationary; Public debt; Public expenditure; Cointegration |
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| Description |
Public debt is increasing tremendously year by year in Nepal. The economic growth rate is very low and other macroeconomic indicators are not so encouraging. In this context, there is a question of long run sustainability of public debt. If public expenditure and public revenue are I(0) i.e. stationary public debt is sustainable but if these are I(1) i.e. nonstationary and not co- integrated the public debt is said to be unsustainable. The revenue and expenditure time series data from fiscal year 1974/75 to 2009/10 are I (1) and there is no cointegration. This exhibits that the public debt is unsustainable in Nepal.Key words: Sustainability; Stationary; Public debt; Public expenditure; CointegrationEconomic Journal of Development IssuesVol. 9 and 10 (2008 & 2009) Combined IssuePage: 77-84
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| Publisher |
Department of Economics Patan Multiple Campus
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| Contributor |
—
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| Date |
2010-06-18
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-Reviewed Article — |
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| Identifier |
http://www.nepjol.info/index.php/EJDI/article/view/3292
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| Source |
Economic Journal of Development Issues; Vol 9 & 10 (2008 & 2009); 77-84
2091-2285 2091-055X |
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| Language |
en
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| Coverage |
Nepal
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