Symposia & Conferences
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Item The study of the Effect of Financial Development on Income Inequality in Sri Lanka(Department of Finance, Faculty of Commerce and Management Studies, University of Kelaniya, 2015) Wijesundara, W.M.S.S.B.Income inequality is an important economic issue faced by most of the developed and developing countries. Many attempts have been made to identify a link between economic growth and income inequality in Sri Lanka. But there is a lack of literature available to identify a link between financial development and income inequality in Sri Lanka. This paper basically investigates the effect of financial development on income inequality in Sri Lanka with a new framework. This study attempts to analyze the factors responsible for income inequality in Sri Lanka. In this study the Broad money to GDP and Domestic credit to the private sector by banks as a share of GDP are used to measure the direct impact of Financial Development and also used Inflation and Government expenditure as other variables which affect income inequality. This research presents the empirical evidences of Effect of Financial Development on Income Inequality in Sri Lanka for the period of 1980-2012. The test results also confirmed that there is a linear relationship between financial development and Income inequality. And also this paper emphasized that there is a positive relationship between Government expenditure and Income inequality.Item Effectiveness of microfinance for poverty reduction in Sri Lanka(Department of Accountancy, University of Kelaniya, 2015) Weerasinghe, H.D.S.S.Microfinance, one of the widely accepted instruments for poverty alleviation throughout the world, has been used in Sri Lanka spanning for over several decades. Despite the long history and the large number of institutions microfinance services particularly to the poor, there is limited knowledge on the impact of micro finance on poverty reduction in Sri Lanka. This study intended to assess the impact of microfinance on poverty alleviation in Sri Lanka through Monaragala and Badulla districts and identify the influence of macroeconomic condition on the net impact of microfinance. Using above districts as the study area, this paper provides valuable insights into micro financing in a developing economy context. Microfinance services in Sri Lanka have a wide geographical outreach but the extent of outreach of private operators including Non-Government Organizations and commercial banks are rather limited. So from this paper analyze whether the most rural areas in Sri Lanka can be developed through microfinance. Information of microfinance institutions, Monaragala and Badulla regional officers, householders used to analyze the real impact on microfinance for poorest people in Sri Lanka. Descriptive statistics and one sample t-statistics revels that microcredit facilities help these beneficiaries to move for higher income ladders and though the nominal income of the beneficiaries has increased macroeconomic condition prevailed in Sri Lanka hampered the real benefit.