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A Model Of Inflation For Sri Lanka, Arusha V. Cooray
A Model Of Inflation For Sri Lanka, Arusha V. Cooray
Faculty of Commerce - Papers (Archive)
This paper uses two models: an open economy model and a closed economy model to estimate a price equation for Sri Lanka. The results suggest greater support for the open economy model. Consistent with previous studies for Sri Lanka, supply side factors appear to be important in influencing the general price level in Sri Lanka.
Are Australia's Savings And Investment Fractionally Cointegrated?, Arusha V. Cooray, B. Felmingham
Are Australia's Savings And Investment Fractionally Cointegrated?, Arusha V. Cooray, B. Felmingham
Faculty of Commerce - Papers (Archive)
This paper uses an Autoregressive Fractionally Integrated Moving Average (ARFIMA) process to determine if Australia’s savings and investment are fractionally cointegrated. The study finds the two series to be fractionally cointegrated implying that deviations from equilibrium are persistent.