Arusha Cooray, Guneratne B Wickremasinghe
This paper examines the efficiency in the stock markets of India, Sri Lanka, Pakistan and Bangladesh. The Augmented Dickey Fuller (ADF-1979, 1981), the Phillips-Perron (PP-1988), the Dicky-Fuller Generalized Least Square (DF-GLS-1996) and Elliot-Rothenberg-Stock (ERS – 1996) tests are used to examin...
Arusha Cooray, Sushanta Mallick
Using cross-country regional data over the 1970-2008 period, this study provides further evidence to the growth literature by exploring human capital formation from a gender dimension in India, Bangladesh, Nepal, Pakistan, Sri Lanka, Bhutan and the Maldives. We use an extended version of the Solow g...
Arusha Cooray
Abstract A recursive system is employed to investigate the indirect effect of out-migration on gross domestic product (GDP) through remittances in South Asia, namely Bangladesh, India, Nepal, Pakistan, and Sri Lanka. Out-migration is further disaggregated by skill level and country of destination (M...
Arusha Cooray, Guneratne B Wickremasinghe
Dicky-Fuller Generalized Least Square (DF-GLS-1996) and Elliot-Rothenberg-Stock (ERS – 1996) tests are used to examine weak form stock market efficiency. Weak form efficiency is supported by the classical unit root tests. However, it is not strongly supported for Bangladesh under the DF-GLS and ERS ...
Arusha Cooray
This paper examines the degree of capital mobility in four South Asian economies, namely, India, Sri Lanka, Pakistan and Bangladesh. The paper extends the Shibata and Shintani (1988) model to incorporate the interest rate differential. While the empirical results appear to be country specific, in ge...
Samuel Brazys, Arusha Cooray, Åshild Kolås, Krishna Chaitanya Vadlamannati
We were honoured to be selected as the new editorial team for the Journal of International Development (JID) and look forward to maintaining the journal's strong tradition as a leading outlet for multi-methodological and transdisciplinary development scholarship. We hope to receive submissions from ...
Arusha Cooray
and Bangladesh employing unit root tests, autocorrelation tests and spectral analysis. Evidence suggests that all markets exhibit a random walk. The multivariate cointegration tests based upon the Johansen Juselius (1988, 1990) methodology indicate three long run stochastic trends. The results of th...
Arusha Cooray
South Asia comprises India, Sri Lanka, Pakistan, Bangladesh, Nepal, the Maldives, Bhutan and Afghanistan. With a population of approximately 1.4 billion it encompasses about two-thirds of the world's poor. One of the biggest challenges facing South Asia today is the issue of combating poverty. The p...