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Foreign Debt, Trade Openness, Labor Force and Economic Growth: Evidence from Sri Lanka

Journal Article


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Abstract


  • This study examines the role of foreign debt, trade openness and labor force in the economic growth of Sri Lanka, by employing the Johansen maximum likelihood approach of cointegration. It analyzes the data for the period, 1950-2006. The study finds that there is a cointegration relationship between economic growth and foreign debt, trade openness and labor force. Further the results suggest that in the long run, labor force, trade openness and foreign debt have a positive impact on economic growth of Sri Lanka.

UOW Authors


Publication Date


  • 2009

Citation


  • Paudel, R. & Perera, N. (2009). Foreign Debt, Trade Openness, Labor Force and Economic Growth: Evidence from Sri Lanka. The ICFAI Journal of Applied Economics, 8 (1), 57-64.

Ro Full-text Url


  • http://ro.uow.edu.au/cgi/viewcontent.cgi?article=1019&context=gsbpapers

Ro Metadata Url


  • http://ro.uow.edu.au/gsbpapers/17

Number Of Pages


  • 7

Start Page


  • 57

End Page


  • 64

Volume


  • 8

Issue


  • 1

Place Of Publication


  • http://www.iupindia.org/109/ijae.asp

Abstract


  • This study examines the role of foreign debt, trade openness and labor force in the economic growth of Sri Lanka, by employing the Johansen maximum likelihood approach of cointegration. It analyzes the data for the period, 1950-2006. The study finds that there is a cointegration relationship between economic growth and foreign debt, trade openness and labor force. Further the results suggest that in the long run, labor force, trade openness and foreign debt have a positive impact on economic growth of Sri Lanka.

UOW Authors


Publication Date


  • 2009

Citation


  • Paudel, R. & Perera, N. (2009). Foreign Debt, Trade Openness, Labor Force and Economic Growth: Evidence from Sri Lanka. The ICFAI Journal of Applied Economics, 8 (1), 57-64.

Ro Full-text Url


  • http://ro.uow.edu.au/cgi/viewcontent.cgi?article=1019&context=gsbpapers

Ro Metadata Url


  • http://ro.uow.edu.au/gsbpapers/17

Number Of Pages


  • 7

Start Page


  • 57

End Page


  • 64

Volume


  • 8

Issue


  • 1

Place Of Publication


  • http://www.iupindia.org/109/ijae.asp