Sri Lanka’s Sources of Growth

Nombulelo Braiton

No 2007/225, IMF Working Papers from International Monetary Fund

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.

Keywords: WP; TFP act; is total factor productivity; production function (search for similar items in EconPapers)
Pages: 25
Date: 2007-09-01
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Citations: View citations in EconPapers (4)

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