Social Sciences
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Item Foreign Aid and Economic Growth in South Asia(2nd International Studies Students’ Research Symposium – 2018, Department of International Studies, Faculty of Social Sciences, University of Kelaniya, Sri Lanka, 2018) Yapa, A.R.R.The main objective of this paper is to investigate the impact of foreign aid on Economic growth in South Asia. Still there is an inconclusive debate in determining the exact relationship between foreign aid and economic growth. Foreign aid basically consist with two types namely grants and loans. High debt burden and political influences make foreign aid less effective. To opposite that opinion, some empirical findings prove that foreign aid is important to increase the economic growth, assistance for human health, immediate humanitarian assistance in disasters and long-term development programs in developing countries. So still there is no robustness regarding the impact of foreign aid. This paper aims to find out the impact of foreign aid on economic growth and give some recommendation for a better economic status. Panel data of four South Asian countries are used for this analysis from 1990-2017.This study basically focuses on the impact of concessional loan and official development assistance on the economies of four (04) South Asian countries. They are India, Pakistan, Bangladesh and Sri Lanka. Ordinary Least Squares model is used to test the model. According to the findings of the model, it has been proven that foreign aid doesn’t make a significant impact on economic growth in South Asia from 1990-2017.So it is better not to depend on foreign aid. Because if a country has to pay higher proportion of aid repayments from its GDP, it is difficult to allocate resources on development purposes. Therefore, the developing countries should develop appropriate policies to depress debt burden. Government should effectively manage budget to avoid unnecessary current expenditure. Tax base should regulate to enhance the government revenue rather than depend on other nations. It is important to empower the transparency and accountability of governing bodiesItem The causality between growth and female labor force participation in SriLanka(4th National Research Conference on Applied Social Statistics, Social Statistics Students’ Association, Department of Social Statistics, Faculty of Social Science, University of Kelaniya, Sri Lanka, 2018) Priyadarshani, W.I.; Dias, D.G.P.T.Economic growth and development is essential and important for the survival and stability of a nation. Human power is one of the basic determinates of economic growth. By using all its potential, economic growth can be improved. Women are also a part of the human power that can have an important role in the economic growth of a country. Numerous studies on income and female labor participation have been done on the basic of western countries. The Asian culture is very different in relation to western culture and women labor force had been influenced by women .Therefore, the causality between this two is in the context of the Asia pacific region of Sri Lanka in comparison to the western countries. The main objective of this study is to determine the causality between income and female labor force participation in Sri Lanka. Then, this research investigates the causality between female labor force participation rates and economic growth. According to Goldin and Tansel, Economic development and women’s economic activity have shown a U-shaped relationship in several studies Noreen and Zafar, Error correlation model was- applied to explore the correlation between the economic growth and Female labor force participation. The results show long-run correlation between female labor force participation rate & economic growth. The present mainly based on the secondary data published by the department of Census and Statics and Central Bank of Sri Lanka. The used annual time series data on Gross Domestic Product (GDP) and female labor force participation rate during period 1990 to 2017.The utilize Unit root test and Granger causality test to examine the causality between economic growth and female labor force participation in Sri Lanka. The data used in this study were analyzed by using EViews 9 software. According to these result shows that there is no causality between female labor force participation and economic growth in Sri LankaItem Financial Liberalization Index for Sri Lanka(Faculty of Social Sciences, University of Kelaniya, Sri Lanka, 2015) Adikari, A.M.P.Financial liberalization is a process of liberalizing the financial system of an economy by reducing controls in interest rates, financial intermediaries, and markets. Since the mid-1980s, the World Bank and the International Monetary Fund (IMF) started financial liberalization as a basic frame work for developing member countries to accelerate economic growth. Sri Lanka has been involved this process since 1977.This study attempts to establish an index to evaluate the complex process of financial liberalization in Sri Lanka by focusing on important changes in the financial sector. The study has used major policy components of financial liberalization to construct financial liberalization index at a particular time. In order to derive the index, an arbitrary value is assigned to each of the policy variables. Each policy variable can take a value between 0 and1.The value is depending on the implementation phases of the policy. Time series annual data from1977 to 2011 are used to construct the index. The principle Component Method is used as an analysis method. This index is helpful to evaluate the impact of financial liberalization policies on various aspect of the economy. The constructed index shows that financial liberalization has gradually increased from 1997to 2011, though the policies are implemented since 1977 in Sri Lanka.Item Energy consumption and economic growth: assessing the evidence from Sri Lanka(Institute of Research Engineers and Doctors, 2014) Dissanayaka, AjithAbstract-- This study attempts to shed light into the empirical relationship between energy consumption and economic growth in Sri Lanka (1981-2012) employing the vector error-correction model estimation (VECM). The vector specification includes energy consumption, real GDP and price developments, and the latter was taken to represent a measure of economic efficiency. The empirical evidence suggests that there is a long-run relationship among the three variables, supporting the endogeneity of energy consumption and real output. These findings suggest important policy implications, since the adoption of suitable structural policies aiming at improving economic efficiency can induce energy consumption without impeding economic growth. Keywords— Keywords: Energy consumption, Economic growth and Vector error-correction model (VECM). I. Introduction