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2017 | 81 | 2 | 94-105
Article title

Dynamics of Trade Openness in Sri Lanka

Content
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Languages of publication
EN
Abstracts
EN
In Sri Lanka, even it was verbally confirmed that the trade openness occurs the wonder on the economy of Sri Lanka, which was not statistically proofed. This study was to test the trade openness dynamics of the economic growth in Sri Lanka using annual time series data over the period of 1975 to 2014. In this study the following variables were used as variables gross domestic product, which was the proxy variable of the economic growth, the trade openness and the money supply. Furthermore, in order to test the long run relationship between the variables, the Johansen cointegration technique was employed while, the VECM technique was employed to test the short run behaviour of the trade openness. In this study, both techniques confirmed that the trade openness negatively and significantly had the long run relationship with the economic growth. While, the lag values of the trade openness in short run period, jointly had not impacted on the economic growth over the sample period. Finally, this study recommended to the government of Sri Lanka that the export should be increased when they formulate the trade development policy.
Publisher

Year
Volume
81
Issue
2
Pages
94-105
Physical description
Contributors
  • Sri Lanka Planning Service, Ministry of Home Affaires, Sri Lanka
References
  • [1] Ali, W., & Abdullah, A. (2015). The Impact of Trade Openness on the Economic Growth of Pakistan: 1980-2010. Global Business and Management Research, 7(2), 120
  • [2] Andersen, L., & Babula, R. (2009). The link between openness and long-run economic growth. J. Int'l Com. & Econ. 2, 31
  • [3] Ansari, M. I. (2002). Impact of financial development, money, and public spending on Malaysian national income: an econometric study. Journal of Asian Economics, 13(1), 72-93
  • [4] Aziz, J., & Duenwald, C. (2002). Growth-financial intermediation nexus in China (No. 2002-2194). International Monetary Fund.
  • [5] Jin, J. C. (2000). Openness and growth: an interpretation of empirical evidence from East Asian countries. Journal of International Trade & Economic Development, 9(1), 5-17
  • [6] Khalid, M.A (2016).The Impact of Trade Openness on Economic Growth in the Case of Turkey. Research Journal of Finance and Accounting, 7(10), 51-61.
  • [7] Rigobon, R., & Rodrik, D. (2004). Rule of law, democracy, openness, and income: estimating the interrelationships (No. w10750). National Bureau of Economic Research.
  • [8] Siddiqui, A. H., & Iqbal, J. (2005). Impact of trade openness on output growth for Pakistan: An empirical investigation. Market forces, 1(1).
  • [9] M. L. Fowsul Ameer, World News of Natural Sciences 9 (2017) 7-18
Document Type
article
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.psjd-7bae69f3-eefd-4c2f-a0f7-26e8219d188a
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