Multi-sectoral collaboration and economic growth: a study based on Sri Lanka from 1987 to 2017

Abstract

This research was carry out taking about Muli-sectoral collaboration and Economic Growth. Sri Lanka is an Agricultural country. Which has a variety of (public, private, non-profit) organization. Also there is a huge vastness of its Economic Growth and Economic Development hazards today. The overwhelming collaboration between these sectors leads to the Economic Growth and Economic Development of the country. So that, This study is to Conducted find out the objectives of figuring out the ways and means to rectify this situation, identifying how influent between Multi-sector to collaborate and figure out the solution increasing collaboration between these sectors. The annual reports of the central bank (1995-2017), central bank data, websites have been used as the sources of data, and this research has been carried out on the basis of these secondary level data. The regression model has been used to evaluate the data on the basis of the data during the period of 1987 to 2017. Here GDP has been used as dependent variable and also Human Development Index, Property Rights Index, Civil Liberties Index, Financial Freedom Index have been used as independent variables. The results have been achieved after a thorough analysis of the collected data through Minitab and Ms excel. In addition to this, it has also been mentioned that the consequences of the unification of the Multisector and the importance of the integration of verses. Solutions are based on data. In order to achieve economic growth and development through the integration of Multi-sectoral cohesion cantered on this. So, here are the results such as on financial independence and Human security want to focus and maintain with efficiency between sectors, companies etc. Also best leadership, motivation, cooperation and trust these must be included between Multi-sectors.