SLIIT Business School Scopus2

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Subject: search.filters.subject.Economic globalisation

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    PublicationEmbargo
    Impact of Economic Globalisation on Agricultural Value-Added: The African Region Experience
    (Springer, 2026-01-27) Jayathilaka, R; Wisenthige, K
    Globalisation has been a critical driver of economic growth in many nations. However, the agricultural sector has yet to realise its full potential in terms of agricultural value-added and the distribution of benefits to primary producers within value chains. Notably, the African region possesses a high potential for agricultural value-addition compared to other regions. This research examines the impact of economic globalisation on agricultural value-added within the African context. Using advanced statistical techniques, including panel data regression and multiple linear regression, the study assesses the influence of globalisation on agricultural value-added across 26 African countries from 2000 to 2021. The findings indicate that, while certain countries have benefitted significantly from economic globalisation, enhancing their agricultural value, the majority still require a greater focus on optimising agricultural value addition. Senegal exhibited the most pronounced impact on agricultural value addition, whereas Burkina Faso, Morocco, South Africa, Tunisia, and Uganda showed negligible impacts. Policies aimed at optimising fertiliser inputs, advancing technology, developing the technical knowledge, skills, and attitudes of the agricultural labour force, facilitating foreign market access for raw materials, and promoting sustainable agricultural practices could help enhance value addition and support the overall economic development of the African region. This research contributes to the knowledge-based economy by providing empirical insights into the factors driving agricultural value-added, underscoring the role of knowledge creation, diffusion, and application in boosting agricultural productivity and economic growth in the African region.
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    PublicationOpen Access
    Globalisation and growth nexus: Evidence from Africa through Granger Causality and Wavelet Coherence
    (Elsevier, 2025-06-08) Wijesuriya, P.; Athalage, D; Rathnayake, D; Sandanayaka, I; Jayathilaka, R
    This study analyses the causal relationship between economic growth with globalisation and its economic, social and political facets in 33 African nations, for 51 years from 1971 to 2021. On an empirical perspective, the Granger Causality Test is utilised in the cross-country analysis, with the Wavelet Coherence methodology being conducted to comprehend the growth-globalisation nexus for the African region. Conceptually, the study is based on the Endogenous Growth and Dependency theories in identifying how globalisation drives growth in Africa. Unidirectional causal flows between globalisation and growth have been revealed for Benin, Burundi, Cameroon, Côte d’Ivoire, Kenya, Mauritania, Seychelles, Sierra Leone, and Uganda. Bidirectional causal flows between globalisation and growth have been revealed for Eswatini, Egypt and Rwanda. The study also suggests the strengthening of economic, social and political integrations, leveraging natural resources for sustainable growth, and cultivating resilience against external shocks while extending targeted support for low-performing nations in the region as strategies to improve the globalisation-growth nexus in the region. The study contributes to the existing literature by providing a holistic assessment of the growth-globalisation dynamics in Africa and its regional nations, extending over five decades, and using a dual-method approach.
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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.