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Full-Text Articles in Business
Foreign Debt, Trade Openness, Labor Force And Economic Growth: Evidence From Sri Lanka, Ramesh Chandra Paudel, Nelson Perera
Foreign Debt, Trade Openness, Labor Force And Economic Growth: Evidence From Sri Lanka, Ramesh Chandra Paudel, Nelson Perera
Nelson Perera
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.
An Empirical Analysis Of Sustainability Of Trade Deficit: Evidence From South Asian Countries, Reetu Verma, Nelson Perera
An Empirical Analysis Of Sustainability Of Trade Deficit: Evidence From South Asian Countries, Reetu Verma, Nelson Perera
Nelson Perera
In this paper, the long-run relationship between Sri Lankan exports and imports during the period 1950 to 2006 is examined using unit root tests and cointegration techniques that allow for an endogenously determined structural break. The results failed to support the existence of a long-run equilibrium between exports and imports in Sri Lanka. This finding questions the effectiveness of Sri Lanka’s current long-term macroeconomic policies and suggests that Sri Lanka is in violation of its international budget constraint.