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Emad, M. A., & Abdullatif, A. (2006). Crowding-Out and Crowding-In Effects of Government Bonds Market on Private Sector Investment (Japanese Case Study). Institute of Developing Economies.

has been cited by the following article:

• TITLE: Public Debt and Economic Growth of Nepal

  AUTHORS: Tara Prasad Upadhyaya, Tonik Pun

  KEYWORDS: Public Debt, Economic Growth, Vector Auto Regression, Multivariate Grange Causality

  JOURNAL NAME: Journal of Financial Risk Management, Vol.11 No.2, June 29, 2022

  ABSTRACT: The economy of Nepal has been characterized by a high level of public debt coinciding with a higher level of resource gap and deficit balance of payment for a long period of time which is indicative of debt overhang. This paper investigates the effect of public debt on the economic growth of Nepal using annual time-series data from the period 1978 to 2020. The study is based on an unrestricted Vector Auto regression model, which captures Multivariate Granger Causality between the variables. The result from the analysis reveals that there is no significant causal relationship between public debts and to the economic growth of Nepal.