This book present the major findings of a study carried out to examine the capacity of the Nepalese economy, especially after economic reforms, to mitigate the likely impact of both exogenous and policy induced shocks. The effects of shocks have been examined from both growth and poverty perspectives. For the study, a macroeconomic modeling approach has been followed, which allowed undertaking rigorous policy simulation exercises. This book also contains the theoretical bases of macroeconomic policy reforms carried out especially since 1991 and actual development on major macroeconomic fronts. It is hoped that it will help understand the major factor influencing the Nepalese economy and also assess them in terms of within or beyond the reach of policy making processes. As an offshoot, it offers some insights into the strengths and weaknesses of the ongoing macroeconomic policy reforms. The role of remittances in mitigating or minimizing shocks is especially examined in this study. The study also tries to assess the overall impact of the factors contributing to political instability in the economy. This is a modest attempt of its kind in this area. It is hoped that this book will be useful to university graduates, researchers, academics and development practitioners.
1. Macroeconomic Policies, Shocks and Poverty Reduction in Nepal: A simulation-based Quantitative Analysis (2005)
This book is the outcome of a research undertaken at the Institute for Policy Research and Development following similar approaches. In Nepal economic reforms were started in the mid- 1980s and were intensified and augmented in the early 1990s immediately after the restoration of democracy in 1990. Because of the big bang approach followed in some areas during the course of reforms, Nepal now stands as one of the most liberalized countries in the South Asian region. In the aftermath of democracy accompanied by economic reforms, some noteworthy successes were made that continued especially up to the mid-1990s. However, at a time when the economy was picking up, both political instability and violent conflict started and got intensified undermining the reforms. The study has tried to seek answers to three questions, viz, why reforms, what kind of reforms, and how well did the reform perform. We hope that this book, by- product of a research undertaken from a new perspective, will be useful to the academicians, researchers, university graduates, as well as development practitioners.
This book was brought out by Institute for Policy Research and Development (IPRAD) in collaboration with Action Aid Nepal, in 2008. This book focuses on the political economy of the PRSP, its presentation, implementation and donor’s aid behavior during Nepal’s 10th plan period. The study also attempts to analyze the impact of foreign aid on poverty reduction and sustainable growth in Nepalese context. The book will be useful to the government, donors, civil society organizations, academia and the media in the quest for making foreign aid more effective and responsive to the needs of the poor people.
This publication is a collection of articles by well known writers of Nepal.