IPS Staff Publications

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Browsing IPS Staff Publications by Author "Abayasekara, Ashani"

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    Creative and cultural industries in Sri Lanka
    (Institute of Policy Studies, Sri Lanka, 2020-03) Hirimuthugodage, Dilani; Abayasekara, Ashani; Dissanayake, Nimesha; Thibbotuwawa, Manoj
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    The price elasticity demand in the United States: a three-dimensional analysis
    (2018) Abayasekara, Ashani; Burke, Paul J.
    In this paper we employ a dataset of three dimensions—state, sector, and year—to estimate the short- and long-run price elasticities of state-level electricity demand in the United States. Our sample covers the period 2003–2015. We contribute to the literature by employing instrumental variable estimation approaches, using the between estimator, and pursuing panel specifications that enable us to control for multiple dimensions of fixed effects. We conclude that state-level electricity demand is very price inelastic in the short run, with a same-year elasticity of –0.1. The long-run elasticity is near –1, larger than often believed. Among the sectors, it is industry that has the largest long-run price elasticity of demand. This appears to in part be due to electricity-intensive industrial activities clustering in low-price states
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    Regional Economic Cooperation And Connectivity In South And South-West Asia: Potential And Challenges
    (2013-10-01) Kelegama, Saman; Abayasekara, Ashani
    Although South and South-West Asian countries helped drive global economic recovery in 2010,this study suggests that economic integration and cooperation in the sub-region is low and below potential, especially compared to East Asia. Not only do additional possibilities exist for mutually beneficial cooperation, but regional economic integration and cooperation is also essential if the sub-region is to sustain its growth momentum, and address its key development challenges in future. This process involves enhancing intra-regional trade; removing obstacles to inter-regional trade in services; allowing a freer movement of labor; developing deeper and more crisis-resilient financial markets; and coordinating appropriate monetary and fiscal policies. Enhancing regional connectivity is a multifaceted task that requires the implementation of bold policy initiatives at the national and regional levels, and in many different areas. Such a task could sustain the sub-region's dynamism in decades to come andreduce the wide disparities in economic opportunities within and across South and South-West Asian countries.
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