Essays on Key Issues of Development in Nepal: Macroeconomic Perspectives from an LDC Graduating Landlocked Country

This Palgrave Pivot concentrates on the development economics of Nepal, an LDC graduating landlocked country, from a macroeconomic perspective across eight chapters. Six of these chapters are interconnected contextually and serve as comprehensive research articles employing various quantitative techniques. Chapter One introduces Nepal and defines the scope of the publication. Next, an overview of the macroeconomic sector is provided, suggesting potential developmental trajectories for Nepal. Chapters Two through Seven systematically explore pivotal economic issues, including the nexus of remittances, bank credit to the private sector, trade deficits, governance quality and export performance in the context of the COVID-19 pandemic, the interaction between the agricultural and manufacturing sectors for economic growth, revenue efficiency, the interrelation of democracy, governance quality, and economic growth, as well as export efficiency from a fiscal policy perspective. The concluding chapter synthesizes the findings and offers policy recommendations derived from the analyses.