IMPACT OF WORKERS REMITTANCE ON AUTOMOBILE IMPORT AND EMPLOYERS IN NEPAL

Abstract

The study needs to have a well-planned structure and organization. This dissertation basically aims to evaluate and assess the impacts of outbound workers’ remittance on the import of automobiles and employers in Nepal. Remittance has been one of the significant economic fashions in many nations, and mostly in developing countries including Nepal. However, studies in some sectors have been still negated. This particular dissertation further undertakes the following details. The first chapter discusses about overview of remittance and its evolution in the global and Nepalese context along with the introduction of automotive industries and employers in both the global and Nepalese societies. All other structural issues i. e. objectives, hypotheses, variables, and limitations are explained here in. While reviewing the literature, there is found neither consistent nor congruent result in regard to impacts of remittance, exchange rate, and population growth in many other social aspects. As per time and space, the studies have framed varying and unaligned outcomes. Still, a complete gap is noticed to observe the impact on the import of automobiles and the trend of setting business ventures. Finally, the present research confirmed our hypothesis regarding the positive impact of remittance income on automobile imports in Nepal. Similarly, our study also showed the positive impact of remittance income in employers generation supporting our second research hypothesis as well. Additionally, automobile import and employers, both dependent variables of research are significantly associated with the research independent variable, remittance income for the period 2000-2019. We have also applied a few control variables such as Exchange rate, GDP per capita, Population growth, Value-added from Industry. For the same time period and regressed together in the research analysis. The statistical finding of the research is positively significant except for the exchange rate with employers' generation. Thus, executing the research in a similar study area, this research has attempted in assessing the impacts of outbound workers’ remittance in the import of automobiles and employers in Nepal.