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Dr Ranjith Ihalanayake

PhD (VU), MBus (VU), GradCert in Tertiary Education (VU), BSc (Sri Jayewardenepura, Sri Lanka)

Senior Lecturer, College of Business

Dr. Ranjith Ihalanayake is a Senior Lecturer in Finance and Financial Services. He completed both his PhD (in Applied Economics) and MBus Degree at Victoria University. Ranjith has published papers in numerous journals, and presented papers in international conferences.

Prior to joining Victoria University, Ranjith has worked in several tertiary institutions both in Australia and Sri Lanka. In these institutions he has taught a range of subjects in the areas of economics, finance, statistics, and marketing.

Ranjith has gained an extensive teaching experience as a Senior Lecturer at the University of Sri Jayewardenepura, Sri Lanka. He also held various other administrative roles including Acting Head of School, and as a course coordinator.


Journal articles

Ihalanayake, R. (2011) Economic Effects of Tourism Tax Changes in Australia: Empirical Evidence from a Computable General Equilibrium Model. Tourism Economics, Vol 18, No 1, 181-202

Saleh, A. S., Verma, R. and Ihalanayake, R. (2011) Are External Shocks Permanent or Transitory? An Analysis of Visitor Arrivals to Thailand. Tourism Analysis, Vol. 15, No. 6

Ihalanayake, R. and Divisekara, S. (2006) Tourism Tax Burden: Evidence from Australia. Tourism Economics, Vol 12, No 2, 247-262

Shaw, R., Gamage, A. and Ihalanayake, R. (1997) Cost of Political Upheavals to Tourism in Sri Lanka. Asia Pacific Journal of Tourism Research, Vol. 2, 1997/98, 75-87

Book chapters

Ismail, F., King, B. and Ihalanayake, R. (2011) Host and Guest Perceptions of Tourism Impacts in Island Settings: A Malaysian Perspective. In: Island Tourism Sustainable Perspectives, Eds, Carlsen, J., and Butler, R., CABI

Ihalanayake, R. (2009) Awaiting Attention: Profiling Domestic Tourism Sector in Sri Lanka. In: Domestic Tourism in Asia: Diversity and Divergence, Ed. S. Singh, London, Earthscan Publishing Ltd.

Ihalanayake, R. (1998) Tourism between Australia and Sri Lanka. In: Glimpses of Sri Lankan and Australian Relations, (with A. Gamage & P. Lomax), Eds. R. Arambawela and C. Forster, Melbourne, Committee for Sri Lankan Inc.

Unit coordination

BEO3447: Commercial Banking and Finance

BEO2255: Applied Statistics for Business

Postgraduate research students and fellows

Co-supervision: 1 PhD student, 1 Masters (by research) student

Research grants

Working Capital Management Practices in Small Businesses in Victoria, Victoria University Research Development Grant Scheme (VURDGS) (2012), $28,180

Conference presentations

Saleh, A. S., Lung, S. and Ihalanayake, R. (2011) Tourism and Economic Growth: an empirical evidence from the Middle East region. Eighth International GABER Conference, December, Dubai, UAE

Saleh, A. S., Verma, R. and Ihalanayake, R. (2010) Are External Shocks Permanent or Transitory? An Analysis of Visitor Arrivals to Thailand. 2010 Oxford Business & Economics Conference, 28-29 June, Oxford University

Ihalanayake, R. (2008) Tourism Taxes and Negative Externalities in Tourism in Australia: A CGE Approach. 9th International Business Research Conference, 24-26 November, Melbourne, Australia

Ihalanayake, R. (2008) A CGE Model of Tourism Taxation in Australia. International Conference on Applied Economics, 15-17 May, Kastoria, Greece

Wickremasinghe, G. B. and Ihalanayake, R. (2007) The Causal Relationship between Tourism and Economic Growth in Sri Lanka: Some Empirical Evidence. CAUTHE Conference: Tourism-Past Achievements, Future Challenges, 11-14 February, Sydney, Australia


Areas of expertise

  • Banking sector performances
  • Public finance and financial economics
  • Tourism taxation & CGE modeling in tourism
  • Working capital management
Ranjith Ihalanayake

Contact details

+61 3 9919 4622