School of Business

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    PublicationOpen Access
    Achieving zero hunger: A global policy lens on food security drivers and income group disparities
    (Elsevier B.V., 2026-01-19) Pulle, N; Sampath, P; Perera, S; Wijayaweera, D; Jayathilaka, R
    Many countries struggle to meet their daily dietary requirements despite numerous attempts to address the existing demand. Consequently, this study collectively analyses the impact of urbanisation, renewable energy, greenhouse gas emissions, population growth, gross domestic product per capita and agricultural land on food production relying on Sen’s Entitlement Theory, thus providing insights to resolve the long-standing issue of food insecurity, and support the achievement of the Sustainable Development Goals. The study utilises a stepwise panel ordered Probit model on 146 countries, for the years 1993 to 2023. It further categorises the food production index into three categories of food security as; low, moderate and high, thereby enabling discussion of the likelihood of a country falling into one of the aforementioned food security categories over the years. Urbanisation, agricultural land, and the dummy variables introduced to represent the income groups have been identified to have a significant and favourable relationship with the food production index. In contrast, the greenhouse gas emissions and renewable energy variables have a significantly inverse impact on the food production index. This makes a unique contribution to the existing body of literature, especially by comparing odds over the years, across different food secure categories, countries, and their specific income levels. This study enables policymakers to gain a comprehensive historical perspective on each case. This study further promotes the Sustainable Development Goals, highlighting areas where these goals have been negatively impacted. Additionally, the study discusses optimised investment allocations, agricultural research and development, agricultural technology, climate resilient farming, and sustainable urbanisation planning as solutions for extreme cases
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    PublicationOpen Access
    The interconnectedness of energy consumption with economic growth: A granger causality analysis
    (2024-09-15) Perera, N; Dissanayake, H; Samson, D; Abeykoon, S; Jayathilaka, R; Jayasinghe, M; Yapa, S
    In considering today's energy challenges, the link between the usage of renewable and non-renewable energy sources and economic growth has gained substantial policy attention. This research examines the complex relationship between these three variables to understand how non-renewable energy consumption and renewable energy consumption interact and what that means for economic growth. This study uses the Granger causality approach to explore the relationships between non-renewable energy consumption, renewable energy consumption, and economic development. It draws on a comprehensive dataset from the Word Bank database, including 152 nations from 1990 to 2019. The analysis is further disaggregated by four subgroups of countries; least developed, developed, transitional economies and developing countries. The result of this study provides valuable empirical evidence of uni-directional causality running from renewable energy consumption to economic growth and non-renewable energy consumption to economic growth in transitional economies. Furthermore, policymakers should focus on both variables when making decisions because the results show that energy consumption and economic growth are interconnected. Implementing global energy efficiency standards, reducing fossil fuel usage, and adopting regulatory measures are all viable policies for limiting adverse effects on the environment while encouraging economic development.