The Colombo Economic Journal (CEJ) is a peer-reviewed academic Journal published bi-annually by the Department of Economics, University of Colombo. Colombo Economic Journal (CEJ) publishes theoretical and empirical papers covering a broad spectrum of topics in economics. The journal aims at academicians, consultants, policymakers, and business managers to publish research work. The journal is pledged to promote researchers with a superfluity of understanding to stimulate new ideas, problem-solving models, and disseminate the experiential class research findings for the benefit of academia, industry, and policymakers.
The CEJ welcomes papers from scholars from universities, research institutes, and international organizations: cej@econ.cmb.ac.lk.
Editor in Chief
Senior Professor S.P.Premaratna, Department of Economics, University of Colombo, Sri Lanka.
Editors
Professor Priyanga Dunusinghe, Department of Economics, University of Colombo, Sri Lanka.
Advisory Board
Professor Indika M. Karunathilake, Vice-Chancellor, University of Colombo, Sri Lanka.
Professor Iresha M. Lakshman, Dean, Faculty of Arts, University of Colombo, Sri Lanka.
Senior Professor K. Amirthalingam, Head, Department of Economics, University of Colombo, Sri Lanka.
Senior Professor Amala de Silva, Department of Economics, University of Colombo, Sri Lanka.
Professor Suranjan Priyanath, Dean, Faculty of Graduate Studies, University of Sabaragamuwa, Sri Lanka.
Professor Wang Qiubin, Deputy Dean of College of International Relations, Huaqiao University, China.
Professor N.S. Cooray, International University of Japan, Japan.
Professor B.W.R. Damayanthi, Head, Department of Economics, University of Sri Jayawardenapura, Sri Lanka.
Associate Professor Subrata Dutta, Sardar Patel Institute of Economic and Social Research, Ahmedabad, India.
Dr. W.M. Jayantha, Senior Lecturer, RMIT University, Australia.
Managing Editors
Dr. Wasana Rathnayaka, Department of Economics, University of Colombo, Sri Lanka.
Mr. S. Joseph Francis, Department of Economics, University of Colombo, Sri Lanka.
Ms. Iresha Jayathunga, Department of Economics, University of Colombo, Sri Lanka.
Mr. Sampath Siriwardena, CINEC Campus, Malabe, Sri Lanka
2023 – Volume 1 – Issue 1
Do Transaction Costs Avert Livelihoods? An Empirical Study of Samurdhi Beneficiaries in Sri Lanka
R. V. S. P. K Ranatunga, H. M. S. Priyanath
Cultural Tourism Potential in the Northwestern Province of Sri Lanka
Wijitapure Wimalaratana
Factors Affecting Fintech Acceptance: A Qualitative Case Study in Sri Lanka
S.D.P. Piyananda, D.C.P. Aluthge
Impact of Non-economic Factors on the Development of the Apparel Sector in Sri Lanka
S.R.S.D. K. Weerawansa, T.U. Hewage
Sri Lankan Fruit Exports: Potentials, Barriers and Prospects
A.K.A. Dissanayake, U.D.R. Udari
2023 – Volume 1 – Issue 2
Entrepreneurial Behaviour and Agribusiness Potentials in the Mushroom Industry in Sri Lanka
I.V. Kuruppu, S.P. Fernando, L.D.S.D. Silva and H.A.H.J. Hapuarachchi
Spice Gardens in Web-based Experiential Tourism: A Study from Matale Divisional Secretariat Division, Sri Lanka
D.A.L.H. Delpearachchi, L.B. Dunsford, K.G.M.C.P.B. Gajanayaka and L.P.S.S. Pathirathna
Do Green Tax Incentives Promote Corporate Pollution Reduction in China?
Zhou Chao, Hong Sen, Wang Peng and Zhang Yanyan
The Factors Influencing the Acceptance of Domestic Coffee among Nepalese
O. Pudasaini, A. Thapa, W. Wimalaratana and P. P. Thapa
Impact of Taxes on Economic Growth and SDG Trajectory in Sri Lanka
R. Jayaweera, S.P. Premaratna, H. M. S. Priyanath, W.M. Semasinghe, M. Sumanadasa, H.M.N. Hennayake and P.S. Kodippili Arachchi
Feasibility of the Circular Economy Model for Sri Lankan Industries: A Conceptual approach
C. Aluthge and M. Mendis
2024 – Volume 2 – Issue 1
A Global Perspective on Export Diversification: Determinants and Regional Insights from 93 Countries
Hua Zheng, Masakazu Someya, Mieko Okamuro
GIS-Based Evaluation of Site Suitability for Eco-Tourism Development in the Batticaloa District: A Geospatial Assessment
M.H.F Nuskiya, O. Perera, F. Ruzaik
Technical Efficiency of Turmeric Production in Sri Lanka: A Stochastic Frontier Approach
M. I. D. Perera, S. Dishanka
Effects of Food Price Inflation on Cost and Affordability of Nutritious Diets in Sri Lanka: The Role of Cash Transfers
U.D.R. Udari, M.D.D. Perera, N.P.G. Samantha, D.M.D.S. Premadasa
Technical Efficiency Analysis of the Cinnamon Cultivation Sector in Galle District of Sri Lanka
J.A.S.H. Jayakody , T.A.M. Pushpakumara
Analyzing Production Cost of Chicken and Eggs in Sri Lanka: A Rapid Assessment 2023
S.P. Fernando, I.P.P.M. Wijesinghe, I.J.A. Ruhunuge, S. Hitihamu , N.P.G. Samantha
2024 – Volume 2 – Issue 2
The Advanced Econometrics of Continuous Risk-Free Interest Rate Modelling and Implementation for Life Insurance Valuation
G. M. Ogungbenle1, W. Sirisena, C. Ukwu, J. S. Adeyele
The Influence of Budget Deficits on Interest Rates: An Empirical Analysis in the Sri Lankan Context
S. Maheswaranathan, B. Nirojini
Factors Influencing Urban Consumers’ Choice of Processed Fruit and Vegetables in Sri Lanka
A.K.A. Dissanayake, U.D.R. Udari, I.P.P.M. Wijesinghe
The Impact of Personal Remittance on Economic Growth in Sri Lanka: An Autoregressive Distributed Lag Bound Test
M. Subapriya and N. Ravinthirakumaran
Exploring Climate-driven Price Variations in Carrots: A VAR Model
I.J.A. Ruhunuge, A.W. Wijeratne, M. Esham, S. P. Fernando,I.V. Kuruppu
2025 – Volume 3 – Issue 1
A Century of Macroeconomics: From Keynes to the Present
W. Wimalaratana
A. Koswatta, M. Lasanthi , Y. Vitharana, S. Perera, N. Morais
Entrepreneurial Ecosystem for Fostering Women Entrepreneurship in Sri Lanka
S. P. Premaratna, H.M.N. Hennayake, P.S.K. Arachchi, and Helika Premaratne
Samantha Pathirathna, H. M. S. Priyanath, G. R. S. R. C Samaraweera
Ravini Caldera, Kopalapillai Amirthalingam
The Impact of Defence Expenditure on Economic Growth in Sri Lanka: A Time Series Investigation – P.Priyanka and K.Karunaanithy
Innovation, Economic Growth and Macroeconomic Variables: Empirical Evidence from Uganda – J. Alani, B. Yaw𝐞, J. Mutenyo
Higher order Polynomial Technique of Measuring Interest Rate Intensity: A
Bridge Between Life Insurance Valuation and Investment – G. M. Ogungbenle, W. Sirisena, C. Ukwu, J. S. Adeyele
Sri Lanka’s Foreign Debt Restructuring: Assessing the Omission of Debt-for-Nature Swaps and Odious Debt Claims–E.R. Fernando1 and K. Amirthalingam
Stitching Satisfaction: Determinants and Disparities in Job Satisfaction in Sri Lanka’s Apparel Sector – M.H.S. Dilrukshi , I.W. Rathnayaka, J.M.I.S. Jayathunge, and M.H.C. Dewinda
Exploring the Determinants of Demand for Private University
Education in Sri Lanka – T.A. M. Pushpakumara
Bridging Tourism Growth and Environmental Impact: An Empirical Analysis of CO2 Emissions in Sri Lanka –P.H.N. Dilrukshi1 & S. Maheswaranathan
Adoption, Implementation, and Impacts of IMF-Supported Programs: A Systematic Literature Review – R. M. D. K. Rathnayake & K. Amirthalingam
Purchase Intention Towards Organic Food: Evidence from Generation Z in Colombo District, Sri Lanka – R.M.D.H. Rathnayake and S.R.S.D.K Weerawansa
Harnessing Taxation for Economic Growth: An ARDL Analysis of Sri Lanka – N. Ravinthirakumaran, S.I. Madhushika and J. Anjalee
A Cross-Country Analysis of Fintech Adoption and Cultural Dimensions Integrating Hofstede’s and GLOBE Frameworks – M.H.S. Dilrukshi and Tsung-ming Yeh
Smallholder Farmers’ Willingness to Pay for Certified Improved Maize Seed in Morogoro – Jacqueline P. Majuva, Joseph P. Hella, Nicetus Seluhinga, Martin Komba and Gasper G. Mapunda
Inclusive Post-War Recovery through Employment, Entrepreneurship, and SME Resilience in Northern and Eastern Sri Lanka – S.P.Premaratna, D. Maurice, S.J. Francis, N. Ravinthirakumaran and K. Kalaipriya