Research article published in
Statistical Bulletin, (Year- 37, Volume - 111, No. - 1)
from Central Bureau of Statistics, Thapathali, Kathmandu
Abstract
Economy of Nepal is dwindling from multiple impacts
- low productivity, weak human development and high migration of its working
age youths. At this crossroad, policy makers have to decide dispassionately the
right development approaches including an effective investment plans for safe,
stable and reliable employment generation to improve productivity and
socio-economic development.
The
Lewis Theory of economy growth for which W. A. Lewis got his Nobel Prize offers
a nice solution for surplus labour under some general assumptions. His mechanisms, popularly adopted in many
countries - layouts the transfer of surplus labour from traditional to a modern
capitalist sector. Using these assumptions in Nepal it is seen, that
unemployment can vanish in 30 years. For this time span, country needs to
invest in educating the unskilled labour, invest in industries and service
sector with an additional Rs. 496 billions that will elevate the GDP to Rs.
7301.5 billions, at the end with expected percapita of 12,522 USD using the
adjusted population growth.
(due to CBS regulation cannot upload now but hardcopy is available in CBS)
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