Week 3

Much of the drawing used and ideas were formulated in weeks 1 and to
a lesser extent in Week 2. The Powerpoints I created in the weekend
before the class presentation.

Continuity of Practice

During this week I also began to think about and prepare the Appendix
(Precursors) to this Journal. This was prompted by using the large scale
bitumen-paint on paper drawing (see Powerpoint presentation title frame
below), which serves as the precursor for the large scale portrait I am
currently planning.

The concept of precursors is important as it indicates some continuity in

my ‘art practice’. This continuity is virtually universal among serious
artists.

Analysis not Reflection

It is suggested that the journal is used for reflection. For this journal
assignment it states; “Students will reflect on project development from
week to week and respond to consultations/critiques.”

Suggested weekly journal entries are provided in Canvas following a

standard critical/reflection cycle.” (my italics)
(https://uclearn.canberra.edu.au/courses/5532/assignments/25522).
Reflection is a term used by the mentally lazy in place of analysis - it is
just a weakened version of analysis. Very few major artists use the term
reflection.

I have consciously chosen to concentrate on the aesthetic/artistic

elements rather than the project management details, intending to insert
these later.

1|Creative Project 4 Semester 2018

Project Proposal Presentation (7 slides)

1,2

3,4

5,6

2|Creative Project 4 Semester 2018

The feedback was that these elements were missing and should be
added.

I am quite happily doing little drawing this week due to presentation and
working on an article submitted to a journal. (see below). Because
Chandika is a student and I am the only native English speaker writer
among the authors, I feel a pleasant obligation to do the final version
and editing. Submitted to Empirical Economics Letters, accepted for
publication but not yet published (this remains the case as of later
October)

Long-term impact of fiscal policy on real GDP and income inequality in Sri
Lanka during internal conflict: a SVECM approach

Chandika Gunasinghe1, EA Selvanathan, Athula Naranpanawa, John Forster

Department of Accounting, Finance and Economics, Griffith Business School,

Nathan Campus, Griffith University, Queensland 4111, Australia

Abstract

This paper examines the long-term impact of total government expenditure and total
tax income on per capita real GDP and net income inequality during internal conflict
of Sri Lanka. We use data for the period 1980-2013, which includes the full internal
armed conflict period of 1983-2009. A structural vector error correction model
(SVECM) is estimated for fiscal policy variables, per capita real GDP and net income
inequality. Based on long-term restrictions, three permanent shocks to the Sri
Lankan economy are identified, i.e. total government expenditure, total tax and
income inequality. For consistency and comparison, a short-term analysis is also
conducted. The major findings are twofold: first, an increase in deficit-financed total
government expenditure significantly reduces income inequality, but it has a
significant long-term negative impact on per capita real GDP. Second, an increase in
total tax income, which is composed of 80% of indirect tax income, permanently

1
Corresponding author at: Department of Accounting, Finance and Economics, Griffith Business School,
Nathan Campus, Griffith University, 170 Kessels Road, Nathan, QLD 4111, Australia. E-mail address:
chandika.gunasinghe@griffithuni.edu.au.

3|Creative Project 4 Semester 2018

increases net income inequality. However, on the contrary, total tax income has a
positive and significant impact on the long-term per capita real GDP.

Key words: per capita real GDP, net income inequality, fiscal policy, SVECM, Sri
Lanka

JEL classification: C54, D63, E62, H21, O11

4|Creative Project 4 Semester 2018