Sri Lanka's Sources of Growth

Duma, Nombulelo

doi:10.5089/9781451867893.001

Cited by 12 publications

(10 citation statements)

References 10 publications

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“…But post reform growth has not been only due to factor accumulation, it has also been supported by TFP growth. Duma (2007) has analyzed the sources of growth in Sri Lanka. His study has comprised on annual data from 1980 to 2006.…”

Section: Literature Reviewmentioning

confidence: 99%

Contribution of female human capital in economic growth: an empirical analysis of Pakistan (1972–2012)

Khan

2015

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This study is to find out an impact of female human capital on economic growth of Pakistan. The study has therefore, used gender separate human capital as an explanatory variable along with other factors, labor force and physical capital. In this regard a composite human capital has been constructed by taking education and health as a proxy for human capital. The long run and short run dynamics among female human capital and economic growth are empirically tested on time series data spread from 1972-2012. Johanson's co-integration approach has been applied for the long run and Vector Error Correction Model used for the short run relationship. The results show that the long run relationship between female human capital and economic growth is positive and significant. While the short run impact of female human capital on economic growth is positive but statistically insignificant.

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Section: Literature Reviewmentioning

confidence: 99%

Contribution of female human capital in economic growth: an empirical analysis of Pakistan (1972–2012)

Khan

2015

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“…Bernanke and Gurkanak (2001) also applied Cobb-Douglas production function so as to analyze the relationship between human capital and economic growth. Duma (2007) who studied the sources of growth in Sri Lanka has used a human capital augmented Cobb-Douglas production function in the study, taking output growth as a dependent variable while growth in labor, growth in physical capital and growth in human capital were taken as explanatory variable. Madsen, Saxena , and Ang (2008) who studied the relationship between human capital and economic growth of India have also used the human capital augmented production function and employed the co-integration method was adopted for their estimation.…”

Section: And Model Specificationmentioning

confidence: 99%

The Impact of Human Capital Development on Economic Growth in Ethiopia: Evidence from ARDL Approach to Co-Integration

Gebrehiwot¹

2014

Am. j. trade policy

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The main objective of the study was to investigate the long run and short run impact of human capital on economic growth in Ethiopia (using real GDP per capita, as a proxy for economic growth) over the period 1974/75-2010/2011. The ARDL Approach to Co-integration and Error Correction Model are applied in order to investigate the long-run and short run impact of Human capital on Economic growth. The finding of the Bounds test shows that there is a stable long run relationship between real GDP per capita, education human capital, health human capital, labor force, gross capital formation, government expenditure and official development assistance. The estimated long run model revels that human capital in the form of health (proxied by the ratio of public expenditure on health to real GDP) is the main contributor to real GDP per capita rise followed by education human capital (proxied by secondary school enrolment). Such findings are consistent with the endogenous growth theories which argue that an improvement in human capital (skilled and healthy workers) improves productivity. In the short run, the coefficient of error correction term is -0.7366 suggesting about 73.66 percent annual adjustment towards long run equilibrium. This is another proof for the existence of a stable long run relationship among the variables. The estimated coefficients of the short-run model indicate that education is the main contributor to real GDP per capita change followed by gross capital formation (one period lagged value) and government expenditure (one period lagged value). But, unlike its long run significant impact, health has no significant short run impact on the economy. Even its one period lag has a significant negative impact on the economy. The above results have an important policy implication. The findings of this paper imply that economic performance can be improved significantly when the ratio of public expenditure on health services to GDP increases and when secondary school enrolment improves. Such improvements have a large impact on human productivity which leads to improved national output per capita. Hence policy makers and / or the government should strive to create institutional capacity that increase school enrolment and improved basic health service by strengthening the infrastructure of educational and health institutions that produce quality manpower. In addition to its effort, the government should continue its leadership role in creating enabling environment that encourage better investment in human capital (education and health) by the private sector.

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“…Several studies have been conducted to assess the productivity growth in Sri Lanka and some of these studies include Fernandez et al (2005), Duma (2007), Gamage and Kankanamge (2013) and Kumari and Tang (2019) where the focus was on the entire economy. Some of the sector-specific studies include; on building construction sector by Navaratne and Jayawardane (2007) and on food manufacturing industry by Swarnathilake et al (2019).…”

Section: Problem Statementmentioning

confidence: 99%

Returns to Factors of Production and Total Factor Productivity in Coconut Plantations in Sri Lanka

Abeysekara

Prasada

2021

Trop. Agric. Res.

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Sri Lanka's Sources of Growth

Cited by 12 publications

References 10 publications

Contribution of female human capital in economic growth: an empirical analysis of Pakistan (1972–2012)

Contribution of female human capital in economic growth: an empirical analysis of Pakistan (1972–2012)

The Impact of Human Capital Development on Economic Growth in Ethiopia: Evidence from ARDL Approach to Co-Integration

Returns to Factors of Production and Total Factor Productivity in Coconut Plantations in Sri Lanka

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