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Social and Behavioral Sciences Commons™

Open Access. Powered by Scholars. Published by Universities.®

2012

Business

Selected Works

Arusha Cooray

Articles 1 - 6 of 6

Full-Text Articles in Social and Behavioral Sciences

The Impact Of Migrant Remittances On Economic Growth: Evidence From South Asia, Arusha V. Cooray Nov 2012

The Impact Of Migrant Remittances On Economic Growth: Evidence From South Asia, Arusha V. Cooray

Arusha Cooray

Incorporating migrant remittances among other variables into a growth model, and employing panel data over the 1970-2008 period, this study investigates the impact of migrant remittances on economic growth in South Asia. Migrant remittances are found to have a significant positive effect on economic growth. A significant positive interactive effect of remittances on economic growth is detected through education and financial sector development.

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Does Health Capital Have Differential Effects On Economic Growth?, Arusha V. Cooray Nov 2012

Does Health Capital Have Differential Effects On Economic Growth?, Arusha V. Cooray

Arusha Cooray

Investigating the impact of health capital disaggregated by gender on economic growth in a sample of 210 countries over the 1990-2008 period, this study suggests that the influence of health capital across countries cannot be generalised. Results for the full sample indicate that health capital does not have a robust and significant effect on economic growth unless through their interactions with health expenditure and education. The results disaggregated by income group reveal that health capital has a positive robust influence on economic growth in high and upper middle income economies. In low and low middle income economies, health capital gains …

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Migrant Remittances, Financial Sector Development And The Government Ownership Of Banks, Arusha V. Cooray Aug 2012

Migrant Remittances, Financial Sector Development And The Government Ownership Of Banks, Arusha V. Cooray

Arusha Cooray

This study investigates the influence of migrant remittances on twodimensions of the financial sector, namely, size and efficiency. Evidence suggests thatmigrant remittances contribute to increasing the size and efficiency of the financialsector. The study, in addition, examines the impact of remittances on financial sectorsize and efficiency through the government ownership of banks channel. While theresults suggest that remittances lead to larger increases in financial sector size incountries in which the government ownership of banks is lower and increases inefficiency in countries in which the government ownership of banks is higher, thegovernment is found to play an important role in promoting …

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Does Democracy Explain Gender Differentials In Education?, Arusha V. Cooray Apr 2012

Does Democracy Explain Gender Differentials In Education?, Arusha V. Cooray

Arusha Cooray

This study shows that despite a strong empirical association between gender differentials in enrolment ratios and democracy, that democracy alone does not explain gender differentials in education in Africa and Asia. The results indicate that income, employment in agriculture, religious heterogeneity and colonialism also help explain the under-representation of girls in education in these regions. Countries in which the duration of suffrage has been longer tend to perform better on average in terms of gender equality in education.

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The Financial Sector And Economic Growth, Arusha V. Cooray Apr 2012

The Financial Sector And Economic Growth, Arusha V. Cooray

Arusha Cooray

The Mankiw-Romer-Weil (1992) augmented Solow-Swan (Solow 1956; Swan 1956) model is extended to incorporate the financial sector in this study. Distinguishing between financial capital, physical capital and human capital, the research attempts to identify, in particular, the effects of financial capital on economic growth. The effects of financial sector efficiency on economic growth are also examined. The financial sector augmented model is tested on a cross-section of 35 economies. Strong support is found for the model.

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Do Australian Investment And Savings Behave Procyclically?, Arusha V. Cooray, B. Felmingham Apr 2012

Do Australian Investment And Savings Behave Procyclically?, Arusha V. Cooray, B. Felmingham

Arusha Cooray

This study uses spectral analysis to examine the behaviour of Australian savings and investment and their synchronisation with the business cycle over the period September 1959 to December 2005. The results reveal that the major cyclical components of savings and investment cohere strongly. Further, savings coheres strongly with the business cycle suggesting that Australian savings is procyclical. Investment also exhibits a procyclical pattern although the evidence of this is weaker

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