International Journal of Academic Staff (IJAS)

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    Factors that Influence the Revisit Intention of International Tourists - A principle Component Analysis
    (International Journal of Academic Staff (IJAS – 2019), Volume 01, Issue 01. Department of Social Statistics, Faculty of Social Sciences, University of Kelaniya, Sri Lanka, 2019) Kodituwakku, D.
    In the tourism industry, behavior and the future purchasing intention of tourists is difficult to understand because it varies with the different outlooks based on tourists’ attitudes. According to the theory of planned behavior, tourists' intention of revisiting can be described based on two phenomena as: likeliness to revisit the same destination and willingness to recommend to others. Usually the tourism industry requires a high level of promotional cost though repeat visitors provide more revenue and minimize the costs. Therefore,, understanding the revisit intention and factors which affect the revisit intention is one of the dominant issues. Therefore, the objective of this study is to identify the factors which influence international tourists' revisit intention in the Galle tourism zone. To achieve this objective, the study uses the principal component analysis. The international tourists, who visit the Galle tourism zone were the target population of this study. Results revealed that, according to the results of the analysis two factors were identified as culture & social and entertainment. This indicates that, Galle has a beautiful scenery and natural attractions, culture & religious value, accommodation, local peoples’ attitude towards visitors, safety and relaxation. They play a vital role in attracting repeat visitors in Galle
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    A Quantitative Analysis of Factors that contribute to Non-Managerial Employees’ Productivity in the Apparel Industry of Sri Lanka
    (International Journal of Academic Staff (IJAS – 2019), Volume 01, Issue 01. Department of Social Statistics, Faculty of Social Sciences, University of Kelaniya, Sri Lanka, 2019) Embuldeniya, A.; Dasanayake, L.W.
    Productivity is an assessment of the efficiency of a worker and productivity of the organization depends on the productivity of the single employee. The management faces a complex situation in maintaining the satisfaction of the employees as they are the most valuable asset to an organization in today’s business context. The primary objective of this study is to identify the determinants that contribute to enhance employee productivity in the apparel industry in Sri Lanka. The research model comprises eighteen factors that are grouped into three categories as compensation practices, training and development practices, and health and safety practices. This study is based upon primary data from 150 non-managerial employees in the apparel industry in Sri Lanka based on stratified random sampling plan where questionnaire is the main source of information. The dependent variable of this study is employees’ productivity of non-managerial employees that is measured using the level of individual productivity, while the independent variables are the factors that are measured by practices pertaining to compensation, training and development, and health and safety. Data analysis are based on descriptive statistics, Chi-square test, and Logistic Regression analysis. The selection of the sample from one apparel industry is limitation of the research. Findings indicate that there is a positive correlation between above practices towards employee productivity in the apparel industry
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    Is money relevant for determining output and prices? - An empirical analysis of six countries
    (International Journal of Academic Staff (IJAS – 2019), Volume 01, Issue 01. Department of Social Statistics, Faculty of Social Sciences, University of Kelaniya, Sri Lanka, 2019) Ghosh, T.; Gupta, V.
    An important policy question is whether the policy decisions can be based on models that do not include monetary aggregates. Practical considerations suggest that money should be included in the policy rule of the central bank. One such consideration is the fact that the central bank usually does not have contemporaneous information on inflation and output, but it has information about money stock. Money will help the monetary authority to directly determine the crucial variables. This paper investigates the relationship between money-output and money-prices and also examines whether the Divisia monetary aggregates better explains this relationship in comparison to simple sum monetary aggregates. Six countries such as the Euro area, India, Israel, Poland, the UK and the US were included for the analysis. The study finds that there is a high pairwise correlation between money-output and money-prices. The Johansen co-integration test confirms the existence of co-integrating relations between the variables used in our analysis. Further, the vector error correction model (VECM) is used to ascertain the short run and long run dynamics of the variables. We find that in the VECM model, the disequilibrium gets restored in the subsequent periods. Hence, money has a predictive power in determining output and prices. The Granger causality test confirms that the existence of causality between money-output and money-prices. Hence, our study shows that the money matters, especially the Divisia money as it gives a stronger and stable relationship between money-output and money-prices.
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    Impact of Currency Depreciation on Growth, Exports & Industrialization: Evidence from Sri Lanka
    (International Journal of Academic Staff (IJAS – 2019), Volume 01, Issue 01. Department of Social Statistics, Faculty of Social Sciences, University of Kelaniya, Sri Lanka, 2019) Ramanayake, S.S.
    The present article focuses specifically on smart exchange rate policy and export oriented industrialization process to sustain growth in Sri Lanka. There is an extensive debate on the impact of currency depreciation (devaluation / undervaluation) on growth and exports; some scholars have argued that depreciation positively affects growth (especially in developing economies), but others contend that depreciation negatively affects growth in the long run. This paper discusses the existing literature on currency depreciation on growth and exports. Study argues that too much depreciation in the long-run causes declining growth process and exports in Sri Lanka. At the same time, long-run depreciation negates industrialization process. Furthermore, this study found that long-run depreciation caused the decline in Foreign Direct Investment, lead to the increase inflation and was therefore, harmful for country’s social welfare. Findings of this study suggest Sri Lanka should focus on export-based industrialization process to overcome current situation and sustain economic growth. In like manner, these implications are also suitable for most of the other developing countries
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    Does forward looking Taylor rule forecast Indian data well?
    (International Journal of Academic Staff (IJAS – 2019), Volume 01, Issue 01. Department of Social Statistics, Faculty of Social Sciences, University of Kelaniya, Sri Lanka, 2019) Ghosh, T.; Parab, M.
    Forward looking Taylor rule bodes well for many inflation targeting economies. This paper looks at forecast accuracy and predictive efficiency of a forward looking Taylor rule for India especially after its adoption of flexible inflation targeting in 2015. Our analysis shows that a forward looking Taylor rule fits well for India, especially when augmented using an external benchmark like the exchange rate or the US monetary policy. Using generalized method of moments (GMM) technique a la Clarida et al (1998), we analyze the forecasting efficiency of the Taylor rule using three interest rates namely, weighted average call money rate (WACMR), 91-day treasury bills rate and 364-day treasury bills rate. The 364-day treasury bills rate provides the best estimate of Taylor rule. It is the only interest rate that is significantly influenced by the output gap. Reserve Bank of India (RBI) follows a forward looking Taylor rule during normal times. It deviates from the rule during crises as it did for Asian and global financial crises