Sri Lanka’s Sources of Growth / Nombulelo Braiton.

Format:

Book

Government document

Author/Creator:

Braiton, Nombulelo.

Contributor:

International Monetary Fund. Asia and Pacific Department.

Series:

IMF Working Papers; Working Paper ; No. 2007/225

IMF Working Papers

Language:

English

Subjects (All):

Labor--Sri Lanka--Econometric models.

Labor.

Sri Lanka--Economic conditions--Econometric models.

Sri Lanka.

Sri Lanka--Economic policy--Econometric models.

Physical Description:

1 online resource (27 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2007.

Language Note:

English

Summary:

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.

Contents:

Contents; I. Introduction; II. Stylized Facts and Dynamics of Growth; Figures; 1. GDP Per Capita; Tables; 1. Human Development Index; 2. Governance Indicators, 1996-2006; 2. Regional Contributions to Growth, 2007; 3. External Demand; III. The Growth Accounting Framework; IV. Decomposition of Sources of Growth for Sri Lanka; 3. Average Annual Contributions to Growth; 4. Growth Under Three Scenarios; V. Potential Output and the Output Gap; VI. Policy Issues and Conclusion; 4.1. Regional Comparisons of Expenditure Components; 4.2. Regional Comparisons of Production Components

5. Capital Stock and Capacity Utilization Rates6. Employment, Labor, and Population; 7. TFP and Real GDP Growth; 8. TFP Growth with Different Depreciation Rates of Capital Stock; 9. The Output Gap and Inflation; Appendix; 1. Some Applications of the Production Function Approach in South and East Asian Economies; 2. Estimating Potential Output; References

Notes:

"September 2007."

Includes bibliographical references (p. 24-25).

Description based on print version record.

ISBN:

9786613829917

9781462319497

1462319491

9781452756165

1452756163

9781283517461

1283517469

9781451912425

1451912420