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Subject: search.filters.subject.Inflation

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Now showing 1 - 4 of 4
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    PublicationEmbargo
    Focus on Middle East and Central Asia: rationale of IMF assistance seeking
    (Springer Science and Business Media Deutschland GmbH, 2026-03) Wisenthige, K; Pathiranage, H. S.K; Jayathilaka, R
    This study delves into the rationale behind the tendency of nations in the Middle East and Central Asia (MECA) to seek aid from the IMF. The IMF supports global financial stability, aiming to foster economic growth and prosperity across its member countries by promoting policies that encourage monetary cooperation and financial resilience. The study employs a conditional fixed-effects logit model, the analysis spans 22 years of data from twenty-five MECA countries to identify the factors driving these nations to seek IMF assistance. It focuses on six determinants: Current Account Balance (CAB), Inflation (INF), Corruption (CORR), General Government Net Lending and Borrowing (GGNLB), General Government Gross Debt (GGGD), and Gross Domestic Product Growth (GDPG). The fixed-effects logit shows that slower GDP growth raises the odds of an IMF programme, while short-run changes in corruption control and public debt ratios are not significant once country and year effects are absorbed. Inflation is weakly positive; the current account balance is still insignificant. A post-GFC and an income-group robustness check confirm the pattern. Furthermore, the study identifies Lebanon, a lower-middle-income country, as a leading example of seeking IMF assistance during the study period. Overall, this research highlights the importance of policymakers understanding the dynamics and rankings within the MECA region to effectively address economic challenges, provide financial support, and foster a more sustainable economic structure.
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    Macroeconomic determinants of child mortality in low and lower-middle-income nations
    (Emerald Publishing, 2025-05-18) Samarawickrama, P.A; Fernando, G; Bernadeen, R; Jayasuriya, N; Pathirana, U
    Purpose: Child mortality remains a major problem in the world, especially for children under five, as many deaths are reported each year. Disproportionately high death rates are seen in low- and lower-middle-income nations. This study seeks to examine the impact of macroeconomic factors on child mortality in low- and lower-middle-income countries to formulate policies for those income levels to achieve SDG 3.2 by 2030. Design/methodology/approach: The study uses panel regression analysis to investigate the impact of macroeconomic factors including inflation, labor force participation female, Current healthcare expenditure and GDP per capita income on child mortality within the two income groups, covering 18 low-income and 41 lower-middle-income nations from the year 2000 to 2022. Findings: The findings of the study indicated that in low-income countries women’s employment positively and significantly affects child mortality, while GDP per capita and current health expenditure negatively and significantly affect child mortality. In lower middle-income countries, inflation and GDP per capita negatively and significantly affect child mortality. This demonstrates the significance of economic stability, health investments and modifications in labor force participation female in mitigating child mortality in low and middle-income countries while offering critical insights for achieving the Sustainable Development Goals (SDG) related to infant mortality reduction by 2030. Originality/value: Although previous research has investigated child mortality, there is a lack of comprehensive research that has examined the combined impact of inflation, labor force participation rate female, current healthcare expenditure and GDP per capita in these countries. This study offers new empirical evidence regarding the influence of macroeconomic conditions on trends in child mortality by implementing a rigorous methodological approach.
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    PublicationEmbargo
    Focus on Middle East and Central Asia: rationale of IMF assistance seeking
    (Springer Science and Business, 2025-11-08) Wisenthige, K; Pathiranage, H.S.K; Jayathilaka, R
    This study delves into the rationale behind the tendency of nations in the Middle East and Central Asia (MECA) to seek aid from the IMF. The IMF supports global financial stability, aiming to foster economic growth and prosperity across its member countries by promoting policies that encourage monetary cooperation and financial resilience. The study employs a conditional fixed-effects logit model, the analysis spans 22 years of data from twenty-five MECA countries to identify the factors driving these nations to seek IMF assistance. It focuses on six determinants: Current Account Balance (CAB), Inflation (INF), Corruption (CORR), General Government Net Lending and Borrowing (GGNLB), General Government Gross Debt (GGGD), and Gross Domestic Product Growth (GDPG). The fixed-effects logit shows that slower GDP growth raises the odds of an IMF programme, while short-run changes in corruption control and public debt ratios are not significant once country and year effects are absorbed. Inflation is weakly positive; the current account balance is still insignificant. A post-GFC and an income-group robustness check confirm the pattern. Furthermore, the study identifies Lebanon, a lower-middle-income country, as a leading example of seeking IMF assistance during the study period. Overall, this research highlights the importance of policymakers understanding the dynamics and rankings within the MECA region to effectively address economic challenges, provide financial support, and foster a more sustainable economic structure.
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    PublicationOpen Access
    Testing the Validity of Purchasing Power Parity: A Comparison of Sri Lanka and Pakistan
    (SSRN, 2021-05) Nagendrakumar, N; Madhavika, W. D. N; Abusaly, H; Nawarathna, N. M. D; Yohan, H. P. Y. S; Attanayaka, L. G; Fernando, D
    This study investigates the strong and the weak relationship between macroeconomic variables and the purchasing power parity of Sri Lanka and Pakistan. Purchasing power parity is compared with the relative price level of identical product available in both countries. This paper includes 20 years of macroeconomic annual data from 1997 to 2016. These data have been analyzed using descriptive statistic, reliability test and time series multiple regression. Result reveals that real exchange rate is not constant in both economies of Sri Lanka and Pakistan, and this illustrates Sri Lanka has weak relationship between the purchasing power parity and exchange rate, inflation, interest rate, money supply, gross domestic product, foreign direct investment, whereas Pakistan has strong relationship between the selected macroeconomic variables and the purchasing power parity. This study helps enhance knowledge about how purchasing power parity affects the growth of the economies