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Abstracto
Relationship among Export, Import, Investment and Economic Growth: Experience from Nepal.
Laxman Tandan
This paper intends to study the relationship among the imports, exports, investment (capital) and economic growth during 1974/75 to 2019/20 A.D. by using time series econometric tools. The stationarity of all variable have been examined to determine the order of integration, for this ADF and PP tests have been applied, variables are found to be stationary at first. Johensen co-integration test, Vector error model (VECM), Wald test and Granger causality (GC) test have used to show the relation among the variables and residuals diagnostic tools (serial LM test, Heteroscedasticity test and normal distribution test) have also tested to make estimation free of spurious. The study has shown there is short and long run association among the investment, export and GDP but not with import.