Applied Economics & Business最新文献

{"title":"Dynamics of Public Debt Sustainability and Economic Growth: The Case of Sri Lanka","authors":"R. A. Rathnasiri, J. S. V. N. T. Soysa","doi":"10.4038/aeb.v4i1.46","DOIUrl":"https://doi.org/10.4038/aeb.v4i1.46","url":null,"abstract":"Over the past decades, most of the developing nations in the world have to face a critical issue of rising public debt. In Sri Lanka, public debt has increased to a higher level during the post liberalization period. Debt can be influenced economic growth and general welfare of the public only it is used properly without transferring additional burden on public. Therefore, it is beneficial to evaluate the short run and long run effect of debt on economic growth and its sustainable level. Hence, this study examines the dynamics of debt sustainability and the impact of public debt on economic growth in Sri Lanka using annual time series data for the period 1960-2018. This study uses deductive research approach and the model framework develops based on the literature. This study adopts econometric procedures to find out the short run and long run effect of internal and external public debt on economic growth in Sri Lanka and the sustainability of public debts analyze using graphical analysis with the support of the past literature. The econometrics procedure follows unit root test, co-integration tests and vector error correction mechanism together with granger causality test to investigate short run and long run effects of debt on growth. Empirical findings of the study revealed that internal and external public debt has positive impact on economic growth in the long run confirming crowding in effect of investment. Further, Gross domestic capital formation and government expenditure has positive impact on economic growth in the long run. The coefficient of Error Correction Term (ECT) suggests disequilibrium in the real GDP growth is corrected at the speed of 58 percent annually confirming the existence of long run relationship between debt and growth. Granger causality test confirmed uni-directional causality running from real economic growth to internal public debt in Sri Lanka. The sustainability of public debt in Sri Lanka is not in a good position as most of such measures reflect unfavorable trend over the last period. Finally, the finding of the study is useful to the policy makers to design and implement appropriate policies to achieve desired level of economic growth for the country.","PeriodicalId":394200,"journal":{"name":"Applied Economics & Business","volume":"14 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":"128881942","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}

{"title":"Strengthening Quality Seed Potato Production in Sri Lanka through Viable Public-Private Partnerships (PPP)","authors":"I. V. Kuruppu, A. Amarakoon, S. Fernando","doi":"10.4038/aeb.v4i1.43","DOIUrl":"https://doi.org/10.4038/aeb.v4i1.43","url":null,"abstract":"","PeriodicalId":394200,"journal":{"name":"Applied Economics & Business","volume":"19 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":"114670472","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}

{"title":"The Determinants of Unemployment among the Educated Youth in Sri Lanka","authors":"L. Mallawarachchi, T. Peiris","doi":"10.4038/aeb.v4i1.41","DOIUrl":"https://doi.org/10.4038/aeb.v4i1.41","url":null,"abstract":"As unemployment among the educated youth has been a common problem over the past years in Sri Lanka, this study was initiated to determine the factors affecting the educated unemployed youth (EUY). Data from the Annual Labor Force Survey in 2016 conducted by the Department of Census and Statistics (DCS) was used for this study. This analysis is based on 4002 individuals whose age category of (15-24) and qualified with the G. C. E. (O/L) and G. C. E. (A/L) qualifications. For the analysis, seven variables used were gender, race, religion, marital status, education attainment, literacy in English and the residential sector. When each variable was considered separately, it was found that gender, religion, education attainment, literacy level in English and residential sector have significant impact on EUY. The educated female unemployed youth is significantly higher than that of males. The highest percentage of EUY was found among Buddhists while the lowest percentage was found among Muslims. The rate of EUY having G. C. E (A/L) qualification is significantly less than that of G. C. E. (O/L) qualification. Of the residential sector, the highest unemployed rate (78%) was found in the estate sector. When all the seven variables were considered simultaneously using Binary logistic model, only gender, religion, marital status, education attainment, and residential sector were found significant on EUY. The overall correct classification rate of the Binary Logistic model is 76.2%. When only two way interactions were considered, the model was found to be significant based on Hosmer and Lemeshow statistic (p=0.460) and the overall correct classification was improved to 77.1%. The significant interaction was found between gender and education attainment, religion, marital status and English literacy. The percentage of married male EUY is significantly lower than that of unmarried male, but the percentage of EUY is almost same for females irrespective of marital status. The lowest percentage of EUY was noted for males having G. C. E. (A/L). The percentage of male EUY who are unable to read and write is almost the same than that of males who are able to read and write. Percentage of female EUY is much higher among those unable to read and write than that of able to read and write. The inferences derived in this study can effectively be utilized to reduce the EUY in Sri Lanka.","PeriodicalId":394200,"journal":{"name":"Applied Economics & Business","volume":"12 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":"127478633","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}

{"title":"Mitigation of Accidents through Occupational Risk Assessment at Workplace: A Case Study in Lanka Sugar Company Private Limited, Pelwatte","authors":"D. G. C. S. Madhuranga, W. H. S. R. Wijayawardhane, N. de Silva","doi":"10.4038/aeb.v3i2.51","DOIUrl":"https://doi.org/10.4038/aeb.v3i2.51","url":null,"abstract":"","PeriodicalId":394200,"journal":{"name":"Applied Economics & Business","volume":"53 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132444850","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}

{"title":"Construction of a Composite Vegetable Price Index Using Modified Factor Analysis","authors":"S. Siriwardhana, R. Thattil, R. Abeynayake","doi":"10.4038/aeb.v3i2.52","DOIUrl":"https://doi.org/10.4038/aeb.v3i2.52","url":null,"abstract":"","PeriodicalId":394200,"journal":{"name":"Applied Economics & Business","volume":"77 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124098467","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}

{"title":"Mapping High-Potential Areas Using Maximum Entropy Modeling Approach and Constraints Analysis of Pineapple (Ananas comosus) Cultivation in Sri Lanka","authors":"A. Wijegunawardhana, N. Abeynayake, H. K. Kadupitiya","doi":"10.4038/aeb.v3i2.50","DOIUrl":"https://doi.org/10.4038/aeb.v3i2.50","url":null,"abstract":"","PeriodicalId":394200,"journal":{"name":"Applied Economics & Business","volume":"132 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127368844","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}

{"title":"Contribution of the Women’s Cooperative Societies for Living Standards of Rural Family Life","authors":"A. M. A. Jayawardena, R. A. Rathnasiri","doi":"10.4038/aeb.v3i2.47","DOIUrl":"https://doi.org/10.4038/aeb.v3i2.47","url":null,"abstract":"","PeriodicalId":394200,"journal":{"name":"Applied Economics & Business","volume":"52 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133869372","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}

{"title":"Capability Requirements on Fraud Prevention in the Nigerian Public Sector: The perception of Professional Accountant","authors":"S. A. Lateef, N. N. M. Rashid, S. Mubaraq, U. F. Abubakar","doi":"10.4038/aeb.v3i2.48","DOIUrl":"https://doi.org/10.4038/aeb.v3i2.48","url":null,"abstract":"","PeriodicalId":394200,"journal":{"name":"Applied Economics & Business","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123552215","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}

{"title":"Assessing the Factors Affecting Labour Productivity of Tea Harvesters in Up Country Tea Plantations in Sri Lanka: A Case Study in Nuwara- Eliya District","authors":"A. M. I. H. Atapattu, U. Jayasinghe-Mudalige","doi":"10.4038/aeb.v3i2.49","DOIUrl":"https://doi.org/10.4038/aeb.v3i2.49","url":null,"abstract":"","PeriodicalId":394200,"journal":{"name":"Applied Economics & Business","volume":"100 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121818207","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}

{"title":"Is the Willingness to Pay Affected by Beach-Related Attributes? Hedonic Pricing Approach for Valuing Environmental Amenities","authors":"K. Jayasekara, L. Gunaratne","doi":"10.4038/aeb.v3i1.53","DOIUrl":"https://doi.org/10.4038/aeb.v3i1.53","url":null,"abstract":"","PeriodicalId":394200,"journal":{"name":"Applied Economics & Business","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128210889","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}