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Development Of Sri Lankas Economy Since Independence In 1948 Focusing On Trade Balance And Exchange Rate Movements
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Book Synopsis Development of Sri Lanka's Economy Since Independence in 1948 - Focusing on Trade Balance and Exchange Rate Movements by : R. P. C. R. Rajapakse
Download or read book Development of Sri Lanka's Economy Since Independence in 1948 - Focusing on Trade Balance and Exchange Rate Movements written by R. P. C. R. Rajapakse and published by . This book was released on 2016 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the time of independence in 1948, Sri Lanka's economy was highly dependent on international trade, but concentrated on exporting few agricultural product exports, hence experiencing balance of payment problems. For the past fifty years Sri Lanka was experiment ground for different economic policy packages. For the first three decades after independence the focus was on import substitution. Once the limitations of such policy for development was identified, and influenced by the Asian success stories, Sri Lanka.
Book Synopsis Development of Sri Lanka's Economy Since Independence in Focusing on the Trade Balance and Exchange Rate Movement 1948 by : R. P. C. R. Rajapakse
Download or read book Development of Sri Lanka's Economy Since Independence in Focusing on the Trade Balance and Exchange Rate Movement 1948 written by R. P. C. R. Rajapakse and published by . This book was released on 2018 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the time of Independence in 1948, Sri Lanka's economy was highly dependent on international trade, but concentrated on exporting few agricultural product exports , hence experiencing balance of payment problems. For the past fifty years Sri Lanka was experiment ground for different economic policy packages. For the first three decades after independence the focus was on import substitution.Once the limitations of such policy for development was identified, and influenced by the Asian success stories, Sri Lanka decided to focus on export oriented industrializationfrom1977. After two decades, the country has identified several weaknesses in the economy that had prevented her from achieving rapid economic growth. Although the manufacturing sector has shown considerable growth, the high import dependency of the industry has resulted in low value addition. While creating small scale industry with forward linkages to the manufacturing industry the country should make an effort to attract foreign capital as well as technology that is necessary to create a strong industrial base.
Book Synopsis Sri Lanka's Development Since Independence by : W. D. Lakshman
Download or read book Sri Lanka's Development Since Independence written by W. D. Lakshman and published by Nova Publishers. This book was released on 2000 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social, political, economic and constitutional developments are considered as well as the evolution of science and arts in the development process. This is in accordance with the Sri Lankan tradition of seeing the world as a connected whole."--BOOK JACKET.
Book Synopsis Sri Lanka by : International Monetary Fund
Download or read book Sri Lanka written by International Monetary Fund and published by International Monetary Fund. This book was released on 2007-12-03 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper on Sri Lanka underlies the dynamics of growth and external competitiveness. The slowdown in the contribution of sectors that are labor intensive, together with faster growth in sectors that are capital intensive and have higher productivity levels, resulted in total factor productivity (TFP) as the main contributor to growth. Sri Lanka’s strong growth performance has brought positive benefits to the economy and has benefited from a high quality labor force. The labor productivity is low by regional standards and the internal terms of trade are skewed toward the nontraded sector.
Book Synopsis The Sri Lankan Economy by : Prema-chandra Athukorala
Download or read book The Sri Lankan Economy written by Prema-chandra Athukorala and published by Asian Development Bank. This book was released on 2017-10-01 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a pivotal period in Sri Lanka's economic development. The end of conflict opens a door for accelerated economic growth and poverty reduction. Reform is needed to regain momentum because fiscal imbalances and rising public debt could jeopardize macroeconomic stability. The economy would benefit from significant trade and commercial policy reform. The labor market suffers from sluggish growth of formal sector employment and from skills mismatches, which can be addressed by changes in education policy and systems. The book analyzes these and related critical constraints on the Sri Lankan economy, and proposes a set of policy reforms that would lay the foundations for more rapid and inclusive development.
Book Synopsis Development of the Financial System of Sri Lanka Since Independence in 1948 by : R. P. C. R. Rajapakse
Download or read book Development of the Financial System of Sri Lanka Since Independence in 1948 written by R. P. C. R. Rajapakse and published by . This book was released on 2016 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sri Lanka has taken several steps towards the development of the financial sector of the country, with the objective of achieving both internal and external stability. Specially, after the economic liberalization 1977, several new financial institution were created and steps were taken to develop the financial markets. However these markets are in their infancy and measures needed to be taken to develop them to the extent that they will help provide capital for the local enterprises. The exchange rate was changed from a fixed peg to a managed float and finally to a free float ,with a view to achieving a realistic level for the rupee that would encourage exports from the country.
Book Synopsis Dilemmas of Development by : W. D. Lakshman
Download or read book Dilemmas of Development written by W. D. Lakshman and published by . This book was released on 1997 with total page 606 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contributed articles.
Book Synopsis Sri Lanka and Malaysia by : Henry J. Bruton
Download or read book Sri Lanka and Malaysia written by Henry J. Bruton and published by Oxford University Press, USA. This book was released on 1992 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sri Lanka and Malaysia have similar land areas and resource endowments. Both countries were once colonies, and in both a large plantation and mining export sector coexists with a peasant rice economy. The expansion of the plantation and mining sector in past centuries attracted large numbers of immigrant Indian and Chinese workers and created plural societies composed of different ethnic groups with different cultures and traditions. Despite this common background, these two countries have had very different experiences with economic development since their independence. Malaysia achieved unusually high growth rates but had trouble with equity and employment and did not establish an indigenous growth process. Sri Lanka did well on equity by trying to maintain its culture and Buddhist heritage, but its policies created problems with productivity and balance of payments and finally led to a virtual collapse of the economy by early 1970. The author and his associates point to the constraints within which government policies in both countries were made, and they seek to evaluate the origins and legitimacy of these constraints. Their much-needed, comparative study is readable, thorough, and sometimes provocative.
Book Synopsis An Analysis of the Determinants of Sri Lanka's Trade Balance with Major Trading Partners by : Malith P.G.D.
Download or read book An Analysis of the Determinants of Sri Lanka's Trade Balance with Major Trading Partners written by Malith P.G.D. and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sri Lanka has had a trade deficit for over two decades, and it is critical to determine which factors contribute significantly to the current deficit. The majority of the existing studies attempting to explore the determinants of the trade balance has mostly focused on Sri Lanka's overall trade balance. Consideration of the country's bilateral trade balances with its key trading partners would give a fresh perspective to the available research. Therefore, this study attempted to explore the determinants of the Sri Lankan trade balance with its major trading partners. The study employed four independent variables namely, relative gross domestic product, relative gross national income per capita, real exchange rate and import-weighted distance while taking the bilateral trade balance as the dependent variable. The panel data regression model has been employed by using the secondary data of five major export destinations and five major import origins of Sri Lanka for the period from 1999 - 2017. The results indicated that the relative gross domestic product and import-weighted distance have a negative significant impact on the trade balance while relative gross national income per capita has a positive significant impact on the trade balance. However, it was revealed that the real exchange rate does not have a significant impact on the trade balance in Sri Lanka. Therefore, an import curtailing policy minimizing transportation cost together with an export-led growth strategy is recommended to improve the trade balance in Sri Lanka.
Book Synopsis Economic Development and Social Change in Sri Lanka by : Paul A. Groves
Download or read book Economic Development and Social Change in Sri Lanka written by Paul A. Groves and published by South Asia Books. This book was released on 1996 with total page 377 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Collection Of Ten Original Essays By Distinguished Geographers, Historians, Sociologists And Political Scientists From Sri Lanka And The United States Provides A Historical Perspective On Sri Lankan Economic Development Focusing On The Period Between Independence From Great Britain (1948) And The Late 1980S.
Book Synopsis Essays on External Shocks and Monetary Policy in the Sri Lankan Economy by : Yashodha Warunie Senadheera Senadheera Pathirannehelage
Download or read book Essays on External Shocks and Monetary Policy in the Sri Lankan Economy written by Yashodha Warunie Senadheera Senadheera Pathirannehelage and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past few decades have been marked with episodes of global economic turbulence that have created macroeconomic instability in both developed and developing economies. With its gradual economic integration with global markets, Sri Lanka is increasingly exposed to unanticipated shocks emanating from foreign economies. This dissertation, comprising of three independent essays, aims to deepen the knowledge on the effects of external shocks, their cross-border transmission channels and appropriate monetary policy responses for the Sri Lankan economy. External shocks transmitted through trade and financial market linkages have a considerable welfare effect on small open economies such as Sri Lanka. The monetary policy regime of a country plays a vital role in minimizing the social welfare losses arising from external shocks. The first essay of this thesis (Chapter 2) investigates the welfare implications of six alternative monetary policy rules for the Sri Lankan economy using a calibrated DSGE model with nominal rigidities, delayed exchange rate pass-through and financial frictions. The model is solved numerically by taking second-order approximation of the full set of model equations. Domestic goods inflation targeting rule minimizes the welfare losses caused by foreign interest rate and foreign output shocks. Social welfare is lowest under the strict exchange rate targeting rule when the economy is affected by external shocks. This essay demonstrates the importance of taking second-order approximations of the full set of model equations in welfare analysis. The second essay of this dissertation (Chapter 3) empirically investigates the effects of external shocks on the Sri Lankan economy using a Structural Vector Auto-Regression (SVAR) model with a block exogeneity assumption and long-run and short-run restrictions. This essay examines the impact of foreign monetary policy shocks on the domestic economy using alternative measures: the effective federal funds rate and the US shadow short rate. Although domestic shocks are the primary source of macroeconomic fluctuations in Sri Lanka, foreign shocks also play a considerable role in explaining the variability in output growth and domestic inflation. Shocks to foreign output growth and oil price inflation have a notable effect on the growth of domestic output. Shocks to the effective federal funds rate explain the variance of Sri Lanka's output growth better than the shocks to the US shadow short rate. Further, the impacts of oil price inflation and the effective federal funds rate shocks on domestic inflation are noteworthy. The foreign shocks are transmitted to the domestic economy through the trade channel as well as through the financial market channel. The deteriorating terms of trade in the past two decades has been a concern for the policy-makers of Sri Lanka. The recent literature has argued that the effect of the terms of trade shocks on an economy depends on the characteristics of the underlying shock. Using a sign restricted VAR model, the third essay (Chapter 4) examines the effect on the Sri Lankan economy of external shocks that cause terms of trade fluctuations. Three external shocks, viz., world demand shocks, world supply shocks and globalization shocks are considered in this study. The world demand shocks do not have a significant long-term effect on Sri Lanka's real output, but the negative world supply shocks are contractionary. Conversely, positive globalization shocks increase domestic output permanently. Both positive world demand shocks and globalization shocks are inflationary while negative world supply shocks increase domestic prices initially but reduce the prices after two quarters. World demand shocks have largely contributed to the fluctuations in trade balance in Sri Lanka since 2007, whereas the importance of globalization shocks on the imports, exports and trade balance has increased since 2010. Contribution from globalization shocks to the variance in domestic output and price levels has increased since 2007.
Book Synopsis The Sri Lankan Economy by : Asian Development Bank
Download or read book The Sri Lankan Economy written by Asian Development Bank and published by . This book was released on 2017-10 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: This analysis of critical constraints on the Sri Lankan economy proposes a set of policy reforms that would lay the foundations for more rapid and inclusive development. This is a pivotal period in Sri Lanka's economic development. The end of conflict opens a door for accelerated economic growth and poverty reduction. Reform is needed to regain momentum because fiscal imbalances and rising public debt could jeopardize macroeconomic stability. The economy would benefit from significant trade and commercial policy reform. The labor market suffers from sluggish growth of formal sector employment and from skills mismatches, which can be addressed by changes in education policy and systems.
Book Synopsis Impediments to Trade Liberalization in Sri Lanka by : Deepak Lal
Download or read book Impediments to Trade Liberalization in Sri Lanka written by Deepak Lal and published by Trade Policy Research Centre London. This book was released on 1989 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Economic Growth, Economic Performance and Welfare in South Asia by : R. Jha
Download or read book Economic Growth, Economic Performance and Welfare in South Asia written by R. Jha and published by Springer. This book was released on 2005-01-06 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together frontline research on the prospects for rapid economic development in South Asia by leading academics and public policy experts. It reviews recent macroeconomic performance in Bangladesh, India, Nepal, Pakistan and Sri Lanka and examines three emergent challenges for the Indian economy: devising a policy response to climate change, attaining the millennium development goals and restructuring state level finances. The book then analyzes financial sector reforms and development of information and communications technology (ICT) firms and privatization policy in India and the South Asian approach to free trade arrangements and multilateral trade. It studies issues related to foreign perceptions of South Asian development including governance and foreign direct investment flows into India and Nepal. Finally the book studies the impact of the structural composition of economic growth on poverty in India, the evolution of inequality in India and elements of a strategy for poverty reduction in South Asia.
Book Synopsis The World Economy by : David Greenaway
Download or read book The World Economy written by David Greenaway and published by John Wiley & Sons. This book was released on 2013-04-22 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the nineteenth volume in an annual series in which leading economists provide a concise and accessible evaluation of major developments in trade and trade policy. Examines key issues pertinent to the multinational trading system, as well as regional trade arrangements and policy developments at the national level Includes chapters exploring WTO issues, and agricultural trading issues Provides up-to-date assessments of the World Trade Organization's current Trade Policy Reviews Analyses global trade policy in areas such as Australia and Sri Lanka, and includes special sections on both China and Malaysia A vital resource for researchers, analysts and policy-advisors interested in trade policy and other open economy issues
Book Synopsis Economy of the Conflict Region in Sri Lanka by : Muttukrishna Sarvananthan
Download or read book Economy of the Conflict Region in Sri Lanka written by Muttukrishna Sarvananthan and published by . This book was released on 2007 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Macroeconomic Policies, Crises, and Growth in Sri Lanka, 1969-90 by : Prema-chandra Athukorala
Download or read book Macroeconomic Policies, Crises, and Growth in Sri Lanka, 1969-90 written by Prema-chandra Athukorala and published by World Bank Publications. This book was released on 1994 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:
