Commerce and Management
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Item The Impact of Public Expenditure on Economic Growth in Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2016) Wimalasiri, N.P.G.U.S.; Madurapperuma, M.W.The relationship between public expenditure has been one of the most searched issues in both developing and developed countries in the recent years. Public expenditure and policies related to public expenditure are important for a country and its macroeconomic stability. Hence, the objective of this study is to investigate the relationship between public expenditure and economic growth of Sri Lanka for the time period spanning from the year 1985 to 2015. A model developed by Ram (1986), as summarized by (Kweka & Morrissey, 1997) is used for the analysis. Total government expenditure is disaggregated in to three categories for the research purpose of this study as; government investment expenditure, government consumption expenditure and government human capital investment expenditure. Private investment was also added as an independent variable based on the econometric model employed for the study. All three categories of expenditure; government investment expenditure and government human capital expenditure were found to be insignificant in the regression, whereas private investment showed a positive and government consumption expenditure showed a negative significant relationship with regard to economic growth in Sri Lanka.Item Impact of human capital to success of a business in Sri Lanka(Department of Accountancy, University of Kelaniya, 2015) Senarathna, K.A.H.K.Human capital refers to knowledge, skills and abilities acquired by an individual through education and work experience. When considering the whole business context it can be seen human capital is the best factor businesses have. Although companies are having many resources, its management cannot proceed business towards the success without good combination of human capital. All other factors are used for the business process by involving the human capital. Human capital increases the capability of owners to perform the generic entrepreneurial tasks of discovering and exploiting business opportunities (Shane and Venkatraman, 2000). This paper refers to identify the combination of human capital and success of a business in Sri Lanka. Owners with higher human capital should be more effective and efficient in running their business than owners with lower human capital. When it comes to the Sri Lanka, as a developing country there are lack of financial resources in the Sri Lankan business context. Therefore Sri Lankan businesses have to maintain a good usage of human capital in order to get maximum contribution of other recourses. The effectiveness of other business resources mainly based on the effectiveness of the human capital. The study expect that that there is positive relationship between human capital and success of a business