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A Review of the Economic Impacts of the COVID-19 Pandemic and Economic Policies in Nepal

Author

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  • Raut, Nirmal Kumar

Abstract

This paper undertakes a descriptive review of the macroeconomic and microeconomic impact of COVID-19 and of the consequent lockdown imposed by the government in Nepal. The review shows that almost all macroeconomic indicators have either slowed down or become negative suggesting adverse effect of COVID-19 on Nepalese economy. Likewise, at micro level, the review shows that it has severely affected the household economy as well as the business firms. The effects are identified on health, education, food security and employment. At the firm level, the cost and unemployment have increased while the productivity, profit and income have decreased. This therefore calls for the concerted efforts on the part of all the stakeholders, more importantly the State to adopt a policy-mix that can adequately manage the health crisis on the one hand and the livelihood on the other, keeping in mind their long term effects on accumulation of financial, physical and human capital.

Suggested Citation

  • Raut, Nirmal Kumar, 2020. "A Review of the Economic Impacts of the COVID-19 Pandemic and Economic Policies in Nepal," MPRA Paper 102778, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:102778
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    File URL: https://mpra.ub.uni-muenchen.de/102778/1/MPRA_paper_102778.pdf
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    Cited by:

    1. Mir Aftab Hussain Talpur & Shabir Hussain Khahro & Muhammad Saad Khan & Fahad Ahmed Shaikh & Yasir Javed, 2024. "Aftermaths of COVID-19 Lockdown on Socioeconomic and Psychological Nexus of Urban Population: A Case in Hyderabad, Pakistan," Societies, MDPI, vol. 14(8), pages 1-25, August.
    2. Thapa, Manish, 2021. "Government’s response during COVID-19 Pandemic in Nepal," MPRA Paper 111666, University Library of Munich, Germany.

    More about this item

    Keywords

    COVID-19; Economic Impact; Nepal;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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