Staff Studies最新文献

Foreign Direct Investment and Economic Growth Evidence from Sri Lanka 外商直接投资与斯里兰卡经济增长的证据

Staff Studies Pub Date : 2020-12-30 DOI: 10.4038/ss.v50i2.4725

W. N. Sandani Fernando

引用次数: 0

Import Demand Elasticities of Sri Lanka from January 2010 to March 2021 and the Change in Elasticities during the COVID-19 Pandemic 2010年1月至2021年3月斯里兰卡进口需求弹性及2019冠状病毒病大流行期间弹性变化

Staff Studies Pub Date : 2020-12-30 DOI: 10.4038/ss.v50i2.4726

Medha Kumari, Janaka Maheepala, K. Koswatte, Sachira Perera

{"title":"Import Demand Elasticities of Sri Lanka from January 2010 to March 2021 and the Change in Elasticities during the COVID-19 Pandemic","authors":"Medha Kumari, Janaka Maheepala, K. Koswatte, Sachira Perera","doi":"10.4038/ss.v50i2.4726","DOIUrl":"https://doi.org/10.4038/ss.v50i2.4726","url":null,"abstract":"Elasticity of demand for imports of Sri Lanka in the post-Civil War period up to March 2021 and the change in them during the COVID-19 pandemic were estimated. (Relative) price elasticity, (production) activity elasticity and exchange rate elasticity were estimated for aggregate and disaggregated imports using Ordinary Least Squares (OLS) techniques with and without dummies, Autoregressive Distributed Lag (ARDL), and Error Correction Modeling. We found that price elasticity of aggregate import demand is inelastic. With the removal of fuel from aggregate imports, elasticities increase marginally. Activity elasticities of aggregate import demand, non-food consumer goods, intermediate goods and investment goods are inelastic over the short run and elastic over the long run while short run elasticity declined during the pandemic. Demand for food is elastic with respect to relative prices and the exchange rate and price elasticity declined during the pandemic. Intermediate goods are not significantly related to prices and exchange rates but are related to production activity. Our results are important for implementation of monetary, exchange-rate, fiscal, and trade policies of Sri Lanka.","PeriodicalId":362386,"journal":{"name":"Staff Studies","volume":"61 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128881378","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Revisiting the Export-led Growth Hypothesis for Liberalised Sri Lanka 重新审视自由化斯里兰卡的出口导向型增长假说

Staff Studies Pub Date : 2020-12-30 DOI: 10.4038/ss.v50i2.4724

Ranpati Dewage Thilini Sumudu Kumari

引用次数: 0

Budget Deficits and Inflation: The Case of Sri Lanka 预算赤字与通货膨胀:斯里兰卡的案例

Staff Studies Pub Date : 2020-12-30 DOI: 10.4038/ss.v50i2.4723

K. Munasinghe

{"title":"Budget Deficits and Inflation: The Case of Sri Lanka","authors":"K. Munasinghe","doi":"10.4038/ss.v50i2.4723","DOIUrl":"https://doi.org/10.4038/ss.v50i2.4723","url":null,"abstract":"This paper explores the relationship between budget deficits and inflation in Sri Lanka using three approaches: the Granger causality test, Auto Regressive Distributed Lag (ARDL)/Bound test, and ARDL long run cointegration coefficients analysis with time series data for the time period of 1957-2016. Three statistical procedures are also exploited in the study, namely, Toda-Yamamoto (1995) Granger causality test, ARDL/Bound test procedure developed by Pesaran and Shin (1999) and Pesaran et al. (2001), and ARDL Error Correction Model. Moreover, four model specifications are formed that are distinguished by two budget deficit indicators, namely, the budget deficit scaled by narrow money (BDMI), which was developed by Catao and Terones (2003), conventional budget deficit indicator, which is the budget deficit as a per cent of Gross Domestic Product (BDGDP), and two inflation indicators, namely the Consumer Price Index (CPI) and GDP deflator. The findings of the study are statistically significant at acceptable levels (p=10%, p=5%, and p=1%). The results suggest a unidirectional causality coming from the budget deficits to inflation in Sri Lanka and the existence of a long run cointegration with high magnitudes, which interprets that a one percentage point change in natural logarithms of BDM1 and LNBDGDP, will result in a 1.5-2.5 per cent change in inflation in Sri Lanka as measured by natural logarithms of Colombo Consumer Price Index (LNCCPI) and Gross Domestic Product Deflator (LNGDPD). Further the study concludes that the importance of maintaining low budget deficits in view of reaching inflation targeting in Sri Lanka.","PeriodicalId":362386,"journal":{"name":"Staff Studies","volume":"1041 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116465549","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The Impact of Asset Quality on Profitability: A Panel Data Analysis of Domestic Commercial Banks in Sri Lanka 资产质量对盈利能力的影响:斯里兰卡国内商业银行的面板数据分析

Staff Studies Pub Date : 2020-12-25 DOI: 10.4038/ss.v50i1.4722

P. D. M. Sanathanee

引用次数: 0

Investigating Growth Performance of Sri Lanka 调查斯里兰卡的增长表现

Staff Studies Pub Date : 2020-12-25 DOI: 10.4038/ss.v50i1.4721

K. K. C. S. Kannangara

{"title":"Investigating Growth Performance of Sri Lanka","authors":"K. K. C. S. Kannangara","doi":"10.4038/ss.v50i1.4721","DOIUrl":"https://doi.org/10.4038/ss.v50i1.4721","url":null,"abstract":"This study starts with an analysis of macroeconomic determinants on growth in the case of Sri Lanka, deploying the Autoregressive Distributed Lag (ARDL) approach using annual data from 1960 to 2018. Key findings of the study reveal that utilising the available policy spaces to create an investment conducive climate and to support exports is essential while revisiting the imports structure to understand the necessary potential improvements. Unexpectedly, total employment does not show a significant influence on the movement in real GDP, emphasizing the challenging need for labour market reforms for enhancing workplace efficiency and proper labour management. Results show that the civil war arrested the revival of the economy and rejected the tourism-led growth hypothesis. Beyond the ARDL model, a Generalised Least Squares Panel Data model is employed, to analyse the impact of regional integration in the South Asian context on the growth of the Sri Lankan economy. Results of the Fixed Effects models prove that trade liberalisation drives the growth of panel economies and the existence of a non-linear positive relationship between export concentration and real per capita GDP growth. Accordingly, one could conclude that the growth of SAARC economies could flourish with trading amongst themselves, accompanied by free trade agreements.","PeriodicalId":362386,"journal":{"name":"Staff Studies","volume":"113 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124702448","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Determinants of Microfinance Interest Rates: Case of Sri Lanka 小额信贷利率的决定因素:以斯里兰卡为例

Staff Studies Pub Date : 2019-12-29 DOI: 10.4038/ss.v49i2.4719

Indeewari U. Colombage, Tharanga A. D. Wijayakoon

引用次数: 0

Real Wages, Inflation and Labour Productivity: Evidence from the Public and Private Sectors in Sri Lanka 实际工资、通货膨胀和劳动生产率:来自斯里兰卡公共和私营部门的证据

Staff Studies Pub Date : 2019-12-29 DOI: 10.4038/ss.v49i2.4718

R. D. Liyanage

引用次数: 0

Does Composition of Public Expenditure Matter for Economic Growth? Lessons from Sri Lanka 公共支出构成对经济增长有影响吗?斯里兰卡的教训

Staff Studies Pub Date : 2019-12-29 DOI: 10.4038/ss.v49i2.4717

M. Kesavarajah