Sri Lanka's Sources of Growth

27 Pages Posted: 26 Sep 2007

See all articles by Nombulelo Duma

Nombulelo Duma

International Monetary Fund (IMF) - Asia and Pacific Department

Date Written: September 2007


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: Working Paper, Economic growth, Sri Lanka, Productivity, Capital accumulation

Suggested Citation

Duma, Nombulelo, Sri Lanka's Sources of Growth (September 2007). IMF Working Paper No. 07/225, Available at SSRN:

Nombulelo Duma (Contact Author)

International Monetary Fund (IMF) - Asia and Pacific Department ( email )

700 19th Street NW
Washington, DC 20431
United States

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