Impact of Public Transport Infrastructure Investment on Economic Growth in Nepal

Authors

  • Khubi Ram Acharya Nepal Commerce Campus, Tribhuvan University, Nepal
  • Krishna Prasad Ojha Nepal Commerce Campus, Tribhuvan University, Nepal
  • Surendra Upreti Nepal Commerce Campus, Tribhuvan University, Nepal

DOI:

https://doi.org/10.3126/nccj.v9i1.72254

Keywords:

Economic Growth, Long-run Relationship, Public Transport, Vector Error Correction Model

Abstract

This paper assesses the relationship between public transport infrastructure investment and economic growth in Nepal using time series data. The study uses Vector Error Correction Model (VECM) to study the short and long-run relationship between public transport infrastructure investment and economic growth in Nepal during the period from 1974-2019. The study finds that in the short run, there is an initial negative impact of public transport infrastructure investment on economic growth, which attenuates over time and eventually transitions to a positive effect. The study concludes that while challenges persist, strategic investments in public transport infrastructure remain a cornerstone for Nepal's journey towards sustained economic growth, prosperity, and inclusive growth.

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Published

2024-12-06

How to Cite

Acharya, K. R., Ojha, K. P., & Upreti, S. (2024). Impact of Public Transport Infrastructure Investment on Economic Growth in Nepal. NCC Journal, 9(1), 95–105. https://doi.org/10.3126/nccj.v9i1.72254

Issue

Vol. 9 No. 1 (2024)

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

© Nepal Commerce Campus, Tribhuvan University

CC BY-NC: This license enables reusers to distribute, remix, adapt, and build upon the material in any medium or format for noncommercial purposes only, and only so long as attribution is given to the creator.