ICSS 2016
Permanent URI for this collectionhttp://repository.kln.ac.lk/handle/123456789/14642
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Item Estimation of Leisure Benefit of Leisure Time Consumption as an Economic Product: A BAL analysis(Research Centre for Social Sciences, Faculty of Social Sciences, University of Kelaniya, Sri Lanka, 2016) Ramanaka, A.R.N.D.; Semasinghe, W.M.; Wehigaldeniya, W.G.D.S.; Oshani, P.A.L.; Dilshani, P.Y.H.; Dissanayake, N.B.Leisure benefits are non-monitory gains that lead to the positive changes in the needs of individuals or substantial environments, including interpersonal relationships, physical fitness, alleviation of social problems, and stabilization of communities. The purpose of this study was to estimate the leisure benefits of leisure time consumption for the national production. There was one independent variable called Leisure Time (LT) and dependent variable was Benefits of Leisure (BOL), in this study. The secondary and primary data were collected in a survey of a sample comprising on 60 person. The Benefits Approach to Leisure (BAL) is used to measure leisure benefits considering leisure benefits areas as a production for leisure time. According to the findings there is opportunity cost which borne their time choice and leisure and Revenue undertakings. On the other hand amount and quality of leisure time is important for people‘s well-being due to the direct satisfaction it brings. Additionally, leisure, taken in certain ways, is important for physical and mental health of a person. Leisure also contributes to the well-being of people other than the person directly enjoying leisure. When a person engages in leisure, the benefits gained are shared with others in a multitude of ways, including improvements in personal relationships, family functioning, and in terms of creation of social capital networks (at least from some types of shared leisure).Item Impact of inflation on growth: with reference to Sri Lanka(Research Centre for Social Sciences, Faculty of Social Sciences, University of Kelaniya, Sri Lanka, 2016) Semasinghe, W.M.Inflation is one of the greatly discussed economic variables which make significant impact on many macroeconomic variables including growth, employment, import, export, investment, savings and money supply. Very high as well as very low rate of inflation are detrimental to economic performance. However, there is no consensus among economists over the precise rate of inflation which favorable to an economy. As literature reveals, the relationship between inflation and economic growth has been at the center of the macroeconomic policy debate since 1960s. Numerous empirical analysis have been documented on the relationship between these two variables and have arrived different conclusions. The aim of this paper is to evaluate the impact of inflation on economic growth in Sri Lanka. During the past seven decades since independence, successive governments have adopted different policy instruments for the economic progress of the country. Hence, the present paper intended to examine the relationship between inflation and growth at the different policy regimes. The analysis mainly relied on quantitative approach and secondary data collected from the Department of Census and Statistics and Central Bank of Sri Lanka were employed. Multivariable regression analysis was used to examine the relationship between inflation and selected macroeconomic variables. Based on the empirical results, the study concluded that there is a positive relationship between inflation and growth, but the relationship is not strong in the period covered by the analysis. Only during the seven year period from 1970-77 that has adopted closed economic policy framework has established a relatively high relationship between the two.