Contribution of Remit Economy on Poverty Reduction in Nepal

Uttam Khanal

doi:doi:10.11648/j.hss.20200805.11

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Contribution of Remit Economy on Poverty Reduction in Nepal

Uttam Khanal

Published in Humanities and Social Sciences (Volume 8, Issue 5)

Received: 15 June 2020 Accepted: 2 July 2020 Published: 31 August 2020

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Abstract

The contribution of remit economy and Poverty reduction in Nepal has analysis in this paper and how remittance income is contributing poverty reduction for employment generation. It is considered as the major component which has direct and indirect impact on macro-economic indicators and tried to explore the possibilities of utilizing remittances in the economic development of the country. When the remittance has increase on a family they have household facility with reflects the socio-economic differences. Such as, Land ownership, occupations incomes and expenditures are determinants for economic growth. Health related activities, educational status and sanitation are taken as human development indicator and information acquiring capacity, increase in awareness about the basic rights and participation in human development program as the basic indicators for empowerment and social inclusion. Productive utilization of remittances would be necessary for reducing poverty. It carried out discussed only poverty alleviation in relation to the economic growth. There is no doubt that remittance provides reliable source of foreign exchange. It could lead to stable macro-economic indicators and enhances living standard at the household level. Only addressing poverty relating remittances with standard of living would not satisfy the sustainability and economic growth but on the sustainability aspect at both national level and households' level is very scanty. Social impacts of migration, both positive and negative are lacking. The contribution of remit economy has increase of income and the trade deficit and naturally contributes to the Balance of Payments. It also helps to making trade balance and contributed in the development efforts on an average income, expenditure and the capital formation.

Published in	Humanities and Social Sciences (Volume 8, Issue 5)
DOI	10.11648/j.hss.20200805.11
Page(s)	131-142
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2020. Published by Science Publishing Group

Keywords

Remittance, Remit Economy, Poverty Reduction, Gross Domestic Product, Employment

References

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[5]	Bhattarai, P. C. (2012), Remittances ko hisabkitab matrai nakhojaun, Kantiput Daily year 20, issue 221, page 7, Sept. 26, 2012.
[6]	Zhu, Y. (2006). Migration and the development of source areas: Evidence from China. Chapter 11- in how migration can benefit development.
[7]	Mausuri, G. (2007). Does work migration spur investment in origin communities? Entrepreneurship, schooling, and child health in rural Pakistan. Chapter 3, International Migration, Economic Development and Policy edited by Caglar Özden, Maurice Schiff.
[8]	Massey, D. S., Parrado, E. (1994), Migra dollars: The remittances and savings of Mexican Migrants to the United States. Population research and policy review, 13: 3-30.
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[11]	Vanwey, L. K. (2005). Land ownership as a determinant of international and internal migration in Mexico and internal migration in Thailand. International Migration Review, 39 (1), pp. 141-172.
[12]	Jokisch, B. D. (2002). Migration and agricultural change: The case of smallholder agriculture in Highland Ecuador. Human Ecology, 30 (4), pp. 523-550.
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[14]	Syed Tehseen, J. & Syed Ali Raza. (2012). Workers’ remittances and economic growth in China and Korea: An empirical analysis, Journal of Chinese Economic and Foreign Trade Studies, Vol. 5 Issue: 3.
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[16]	Ratha, D. & Mohapatra S. (2007). Increasing the macroeconomic impact of remittances on development. Development Prospects Group, the World Bank, 2007.
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[18]	Shrestha, B. (2008). Contribution of foreign employment and remittances to Nepalese economy. Research Division, Nepal Rastra Bank.
[19]	Subedi, M. K. (2010). The impact of migrant remittances on income distribution and welfare in Nepal, Four-Monthly Statistical Bulletin, Year-32, Vol. 99 No 1, Central Bureau of Statistics, 2010.
[20]	Kalim, R. & Mohammad, S. (2009). Remittances and poverty nexus: Evidence from Pakistan, International Research Journal of Finance and Economics, Euro Journals Publishing, Inc. 2009, Also available in the http://www.eurojournals.com/finance.htm
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APA Style

Uttam Khanal. (2020). Contribution of Remit Economy on Poverty Reduction in Nepal. Humanities and Social Sciences, 8(5), 131-142. https://doi.org/10.11648/j.hss.20200805.11

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ACS Style

Uttam Khanal. Contribution of Remit Economy on Poverty Reduction in Nepal. Humanit. Soc. Sci. 2020, 8(5), 131-142. doi: 10.11648/j.hss.20200805.11

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AMA Style

Uttam Khanal. Contribution of Remit Economy on Poverty Reduction in Nepal. Humanit Soc Sci. 2020;8(5):131-142. doi: 10.11648/j.hss.20200805.11

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@article{10.11648/j.hss.20200805.11,
  author = {Uttam Khanal},
  title = {Contribution of Remit Economy on Poverty Reduction in Nepal},
  journal = {Humanities and Social Sciences},
  volume = {8},
  number = {5},
  pages = {131-142},
  doi = {10.11648/j.hss.20200805.11},
  url = {https://doi.org/10.11648/j.hss.20200805.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.hss.20200805.11},
  abstract = {The contribution of remit economy and Poverty reduction in Nepal has analysis in this paper and how remittance income is contributing poverty reduction for employment generation. It is considered as the major component which has direct and indirect impact on macro-economic indicators and tried to explore the possibilities of utilizing remittances in the economic development of the country. When the remittance has increase on a family they have household facility with reflects the socio-economic differences. Such as, Land ownership, occupations incomes and expenditures are determinants for economic growth. Health related activities, educational status and sanitation are taken as human development indicator and information acquiring capacity, increase in awareness about the basic rights and participation in human development program as the basic indicators for empowerment and social inclusion. Productive utilization of remittances would be necessary for reducing poverty. It carried out discussed only poverty alleviation in relation to the economic growth. There is no doubt that remittance provides reliable source of foreign exchange. It could lead to stable macro-economic indicators and enhances living standard at the household level. Only addressing poverty relating remittances with standard of living would not satisfy the sustainability and economic growth but on the sustainability aspect at both national level and households' level is very scanty. Social impacts of migration, both positive and negative are lacking. The contribution of remit economy has increase of income and the trade deficit and naturally contributes to the Balance of Payments. It also helps to making trade balance and contributed in the development efforts on an average income, expenditure and the capital formation.},
 year = {2020}
}

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TY - JOUR
T1 - Contribution of Remit Economy on Poverty Reduction in Nepal
AU - Uttam Khanal
Y1 - 2020/08/31
PY - 2020
N1 - https://doi.org/10.11648/j.hss.20200805.11
DO - 10.11648/j.hss.20200805.11
T2 - Humanities and Social Sciences
JF - Humanities and Social Sciences
JO - Humanities and Social Sciences
SP - 131
EP - 142
PB - Science Publishing Group
SN - 2330-8184
UR - https://doi.org/10.11648/j.hss.20200805.11
AB - The contribution of remit economy and Poverty reduction in Nepal has analysis in this paper and how remittance income is contributing poverty reduction for employment generation. It is considered as the major component which has direct and indirect impact on macro-economic indicators and tried to explore the possibilities of utilizing remittances in the economic development of the country. When the remittance has increase on a family they have household facility with reflects the socio-economic differences. Such as, Land ownership, occupations incomes and expenditures are determinants for economic growth. Health related activities, educational status and sanitation are taken as human development indicator and information acquiring capacity, increase in awareness about the basic rights and participation in human development program as the basic indicators for empowerment and social inclusion. Productive utilization of remittances would be necessary for reducing poverty. It carried out discussed only poverty alleviation in relation to the economic growth. There is no doubt that remittance provides reliable source of foreign exchange. It could lead to stable macro-economic indicators and enhances living standard at the household level. Only addressing poverty relating remittances with standard of living would not satisfy the sustainability and economic growth but on the sustainability aspect at both national level and households' level is very scanty. Social impacts of migration, both positive and negative are lacking. The contribution of remit economy has increase of income and the trade deficit and naturally contributes to the Balance of Payments. It also helps to making trade balance and contributed in the development efforts on an average income, expenditure and the capital formation.
VL - 8
IS - 5
ER -

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Author Information

Uttam Khanal

Department of Social Science and Education, Tribhuvan University, Kathmandu, Nepal

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Plain Text BibTeX RIS

APA Style

Uttam Khanal. (2020). Contribution of Remit Economy on Poverty Reduction in Nepal. Humanities and Social Sciences, 8(5), 131-142. https://doi.org/10.11648/j.hss.20200805.11

Copy | Download

ACS Style

Uttam Khanal. Contribution of Remit Economy on Poverty Reduction in Nepal. Humanit. Soc. Sci. 2020, 8(5), 131-142. doi: 10.11648/j.hss.20200805.11

Copy | Download

AMA Style

Uttam Khanal. Contribution of Remit Economy on Poverty Reduction in Nepal. Humanit Soc Sci. 2020;8(5):131-142. doi: 10.11648/j.hss.20200805.11

Copy | Download

@article{10.11648/j.hss.20200805.11,
  author = {Uttam Khanal},
  title = {Contribution of Remit Economy on Poverty Reduction in Nepal},
  journal = {Humanities and Social Sciences},
  volume = {8},
  number = {5},
  pages = {131-142},
  doi = {10.11648/j.hss.20200805.11},
  url = {https://doi.org/10.11648/j.hss.20200805.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.hss.20200805.11},
  abstract = {The contribution of remit economy and Poverty reduction in Nepal has analysis in this paper and how remittance income is contributing poverty reduction for employment generation. It is considered as the major component which has direct and indirect impact on macro-economic indicators and tried to explore the possibilities of utilizing remittances in the economic development of the country. When the remittance has increase on a family they have household facility with reflects the socio-economic differences. Such as, Land ownership, occupations incomes and expenditures are determinants for economic growth. Health related activities, educational status and sanitation are taken as human development indicator and information acquiring capacity, increase in awareness about the basic rights and participation in human development program as the basic indicators for empowerment and social inclusion. Productive utilization of remittances would be necessary for reducing poverty. It carried out discussed only poverty alleviation in relation to the economic growth. There is no doubt that remittance provides reliable source of foreign exchange. It could lead to stable macro-economic indicators and enhances living standard at the household level. Only addressing poverty relating remittances with standard of living would not satisfy the sustainability and economic growth but on the sustainability aspect at both national level and households' level is very scanty. Social impacts of migration, both positive and negative are lacking. The contribution of remit economy has increase of income and the trade deficit and naturally contributes to the Balance of Payments. It also helps to making trade balance and contributed in the development efforts on an average income, expenditure and the capital formation.},
 year = {2020}
}

Copy | Download