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Sri Lanka’s Sources of Growth

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  • Ms. Nombulelo Braiton

Abstract

This paper uses the growth accounting framework to assess Sri Lanka's sources of growth. It finds that while labor was the dominant factor contributing to growth in the 1980s, labor's contribution declined over time and was overtaken, to a large extent, by total factor productivity (TFP) and, to a lower extent, by physical and human capital accumulation. A higher growth path over the medium term will depend on securing a stable political and macroeconomic environment; implementing structural reforms necessary to improve productivity and efficiency of investment; attaining fiscal consolidation; and creating space for the private sector.

Suggested Citation

  • Ms. Nombulelo Braiton, 2007. "Sri Lanka’s Sources of Growth," IMF Working Papers 2007/225, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2007/225
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    References listed on IDEAS

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    Cited by:

    1. Ganegodage, K. Renuka & Rambaldi, Alicia N., 2011. "The impact of education investment on Sri Lankan economic growth," Economics of Education Review, Elsevier, vol. 30(6), pages 1491-1502.
    2. Ding Ding & John Nelmes & Roshan Perera & Mr. Volodymyr Tulin, 2014. "Estimating Sri Lanka’s Potential Output," IMF Working Papers 2014/040, International Monetary Fund.
    3. T. Vinayagathasan & S. Vijesandiran, 2015. "Dynamic Relationship between Human Capital and Economic Growth in Sri Lanka: A Co-Integration Analysis," Growth, Asian Online Journal Publishing Group, vol. 2(2), pages 20-29.
    4. Sangaran Vijesandiran & Priyatharsiny Selvarasa, 2018. "Effects Of Fiscal Policy On Human Development In Sri Lanka: An Empirical Analysis," Journal of Smart Economic Growth, , vol. 3(3), pages 1-36, December.

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