Sri Lanka's Sources of Growth

 
Author/Editor: Duma, Nombulelo
 
Publication Date: September 01, 2007
 
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
 
Summary: 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.
 
Series: Working Paper No. 07/225
Subject(s): Economic growth | Sri Lanka | Productivity | Capital accumulation

Author's Keyword(s): Growth accounting | total factor productivity | Sri Lanka
 
English
Publication Date: September 01, 2007
Format: Paper
Stock No: WPIEA2007225 Pages: 25
Price:
US$18.00 (Academic Rate:
US$18.00 )
 
 
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