Services exports and economic growth in Sri Lanka : an anatomy of GDP components
Other Title(s)
خدمات الصادرات و النمو الاقتصادي في سريلانكا : تشريح مكونات الناتج المحلي الإجمالي
Author
Source
Global Journal of Economics and Business
Issue
Vol. 5, Issue 1 (31 Aug. 2018), pp.96-108, 13 p.
Publisher
Refaad Center for Studies and Research
Publication Date
2018-08-31
Country of Publication
Jordan
No. of Pages
13
Main Subjects
Abstract EN
This study examines the causality relationship not only between services exports and overall GDP but also between services exports and GDP components, using annual time series data of Sri Lanka from 1981 to 2013.
The results show that (1) export-led growth hypothesis holds for services exports of Sri Lanka, and (2) there exist unidirectional causality from services exports to household consumption, feedback effect of services exports on the gross capital formation and unidirectional causality from government expenditure to services exports.
The causality channel of services exports causing economic growth via gross capital formation is empirically supporting current economic growth theory.
Therefore, a successful and sustained economic growth for Sri Lanka needs more allocation of earning from services exports towards the gross capital formation.
American Psychological Association (APA)
Priyankara, Eac. 2018. Services exports and economic growth in Sri Lanka : an anatomy of GDP components. Global Journal of Economics and Business،Vol. 5, no. 1, pp.96-108.
https://search.emarefa.net/detail/BIM-936045
Modern Language Association (MLA)
Priyankara, Eac. Services exports and economic growth in Sri Lanka : an anatomy of GDP components. Global Journal of Economics and Business Vol. 5, no. 1 (Aug. 2018), pp.96-108.
https://search.emarefa.net/detail/BIM-936045
American Medical Association (AMA)
Priyankara, Eac. Services exports and economic growth in Sri Lanka : an anatomy of GDP components. Global Journal of Economics and Business. 2018. Vol. 5, no. 1, pp.96-108.
https://search.emarefa.net/detail/BIM-936045
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 105-107
Record ID
BIM-936045