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首页> 外文期刊>International Journal of Econometrics and Financial Management >Does Remittance in Nepal Cause Gross Domestic Product? An Empirical Evidence Using Vector Error Correction Model
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Does Remittance in Nepal Cause Gross Domestic Product? An Empirical Evidence Using Vector Error Correction Model

机译：尼泊尔的汇款会导致国内生产总值吗？矢量误差校正模型的经验证据

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摘要

This study aims to investigate short and long run causality between the variable gross domestic product and remittance. The study is based on the estimation of vector error correction model. Testing the unit root and the co-integration is the basic requirement for the estimation of vector error correction model. Further, it also has estimated remittance elasticity using ordinary least square method. The finding reveals that the contribution of remittance in gross domestic product is only 0.07%. It means a 1% change in remittance will change the gross domestic product by only 0.07%. It indicates that the remittance what Nepal received from its migrants is being consumed, not saved and invested in the productive sector that can create gainful employment to the generation to come. Evidence has not support the hypothesis of remittance causes gross domestic product in the long run but there is strong evidence about the short run causality running from remittance to gross domestic product. But opposite is true in reverse order. Gross domestic product causes remittance in both short and long run.
机译：本研究旨在调查可变的国内生产总值和汇款之间的短期和长期因果关系。该研究基于矢量误差校正模型的估计。测试单位根和协整度是估计矢量误差校正模型的基本要求。此外，还使用普通最小二乘法估计了汇款弹性。调查结果表明，汇款对国内生产总值的贡献仅为0.07％。这意味着汇款变化1％只会使国内生产总值变化0.07％。它表明尼泊尔从移民那里获得的汇款正在被消费，而不是储蓄并投资于可以为后代创造有酬就业的生产部门。没有证据支持从长期来看汇款会导致国内生产总值的假设，但是有强有力的证据表明从汇款到国内生产总值的短期因果关系。但相反的情况则相反。国内生产总值无论短期还是长期都会导致汇款。

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