Browsing by Author "Kariyawasam, C"

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Open Access
Cultivating prosperity: assessing the efects of fertiliser consumption, employment in agriculture, foreign direct investment, and exchange rates on value‑added agriculture in SAARC nations
(Springer, 2024-09-21) Sandumini, R; Kariyawasam, C; Sansika, N; Bandara, T; Wisenthige, K; Jayathilaka, R
Economic globalisation profoundly impacts most countries constituting a pivotal contributor to the national income of many nations worldwide. However, despite this, the optimisation of their modest earnings and value-added agriculture remains necessary. This study explores the influence of fertiliser consumption, employment in agriculture, foreign direct investment, and exchange rates—considered components of economic globalisation—on value-added agriculture in the South Asian Association for Regional Cooperation (SAARC) member countries. Multiple linear regression was employed to quantify the influence in eight countries from 2002 to 2021. The analysis reveals that employment in agriculture significantly impacts value-added agriculture in this sector, with the exception of the Maldives, also a SAARC member. Fertiliser consumption in Bangladesh and Sri Lanka has demonstrated a notable contribution to value-added agriculture. Foreign direct investment significantly affects the value-added agriculture of Bangladesh, Nepal, and Pakistan. Furthermore, exchange rate significantly impacts value-added agriculture, except in Bangladesh and the Maldives. This study suggests that fostering employment in the agricultural sector, promoting the utilisation of fertilisers, attracting foreign direct investment, and monitoring exchange rates can positively influence value-added agriculture in SAARC countries. Policymakers can utilise these insights to develop a conducive policy framework capable of effectively addressing the specific challenges of agriculture in their respective countries and optimising value addition in the agricultural sector. Through the implementation of these policies, SAARC countries can enhance the agricultural sector's contribution to economic growth, bolster competitiveness, and achieve sustainable development.
Open Access
Impact of economic globalisation on valueadded agriculture, globally
(PLoS ONE, 2023-07-21) Sansika, N; Sandumini, R; Kariyawasam, C; Bandara, T; Wisenthige, K; Jayathilaka, R
Economic globalisation is the integration of national economies into the global economy through the increasing flow of goods, services, capital, and technology across borders and it has contributed to garnering a significant portion of most nations’ national income, although its agricultural value-added aspect has yet to be maximised. This pioneering study explores the impact of economic globalisation on value-added agriculture in a global context based on countries’ income levels. Panel data regression with the stepwise method was employed to quantify the impact of economic globalization on agriculture value added in 101 countries between 2000 and 2021. The findings of our study reveal that economic globalisation, through various channels such as fertilizer consumption, employment in agriculture, agriculture raw materials export and import, exchange rate, and foreign direct investment, significantly influences the agricultural value-added factor globally and across different income levels. Furthermore, the results show that agricultural employment significantly impacts the agricultural value-added factor globally and across all income levels. Also, countries with low and lower-middle-income levels significantly affect agricultural value-added due to exchange rates. In comparison, high-income and lower-middle-income levels have an impact due to foreign direct investment. Finally, the upper-middle-income countries have significantly affected agricultural value-added due to agricultural raw materials imports. This study confirms that employment in agriculture, exchange rate and foreign direct investments positively impact agriculture value-added on the global level and based on the income level of countries.