SLIIT Business School Scopus2

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Author: search.filters.author.Wijesuriya, PHas files: Yes

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    PublicationOpen Access
    Five decades of globalisation and growth: a cross-country causal analysis of low-income economies
    (Elsevier Ltd, 2026-01-19) Rathnayake, D; Sandanayaka, I; Wijesuriya, P; Athalage, D; Jayathilaka, R
    Comprehending the dynamic between globalisation and economic growth in low-income nations is vital to understanding how they navigate growth trajectories whilst addressing global concerns. This study examined the nexus between globalisation and its financial, social, and political facets in relation to growth in fourteen lowincome nations. The analysis spanned over five decades and the Wavelet Coherence and Granger Causality methodologies. The findings revealed a bidirectional causal relationship between globalisation and growth in Rwanda, unidirectional causal flows in Burundi, Sierra Leone, Sudan, and Uganda. A bidirectional relationship between economic integration and growth was identified in Burkina Faso. Possible policy actions aligned with the United Nations Sustainable Development Goals have been developed, focusing on the country-specific dynamics of each nation. These policy recommendations comprise introducing incentives for foreign investments in Rwanda and liberalising trade in Burkina Faso to reinforce economic globalisation. The study also recommends the expansion of digital infrastructure and global educational avenues in Burundi and Uganda to strengthen social integration, and the reinforcement of governance mechanisms in Chad and Togo to encourage political integration. This study contributes to the globalisation-growth literature by offering time-sensitive insights into the growth trajectories of low-income economies.
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    PublicationOpen Access
    Interweaving globalisation and growth: A causal exploration across income levels
    (Elsevier, 2025-02-28) Sandanayaka, I; Rathnayake, D; Athalage, D; Wijesuriya, P; Jayathilaka, R
    Economic growth is a crucial global macroeconomic goal and globalisation is widely regarded as a key driver of growth in today's interconnected world. However, previous studies have largely examined this relationship in a generalised manner, often without allocating equal focus to the multiple dimensions of globalisation. This study explores the causal relationship between economic growth and globalisation—encompassing its economic, social, and political dimensions—across 97 countries grouped by income level. The analysis spans 51 years (1971–2021) and employed the Panel Granger Causality Test. Unlike most existing studies, which primarily focus on global and country-level trends, the current findings disclose a bidirectional relationship between economic growth and globalisation in both high and low-income groups. The results also reveal a growth driven globalisation in the upper-middle-income group, and a globalisation-driven growth in the lower-middle income group. Accordingly, policy recommendations are formulated in alignment with the Sustainable Development Goals (SDGs) set by the United Nations and tailored to income specific contexts to assist stakeholders in drafting effective and personalised strategies. These include promoting sustainable production practices and technology transfers in low-income nations, enhancing policies to support international trade in the lower-middle-income group, investing in human capital development in upper-middle-income nations, and encouraging technological advancements in high-income nations. This study contributes to the empirical literature on the globalisation-growth nexus across income classifications, offering intricate and timely insights spanning a fifty-year timeframe.