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Exogenous growth: an evidence from external finance in context of Sri Lanka

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dc.contributor.author Nisthar, S.
dc.contributor.author Vijayakumar, S.
dc.contributor.author Nufile, A. A. M.
dc.date.accessioned 2023-04-12T08:51:31Z
dc.date.available 2023-04-12T08:51:31Z
dc.date.issued 2022-06
dc.identifier.citation Kalam, International Research Journal, 15(1), June,2022. Faculty of Arts and Culture, SEUSL. pp.88-96. en_US
dc.identifier.issn 1391-6815
dc.identifier.issn 2738-2214 (Online)
dc.identifier.uri http://ir.lib.seu.ac.lk/handle/123456789/6629
dc.description.abstract Inflow of external finance into Sri Lanka in terms of FDI is instrumental to overcome socio-economic issues detrimental to achieve economic growth. Objective of this study is to find nexus between Economic Growth and FDI in Sri Lanka by employing time series data from 1978 to 2020. The econometric techniques used in this study are listed as Kernel Fit, Confidence, Ellipse, Co integration, and Error Correction Mechanism – ECM. The dependent variable in the econometric model defined is GDP- GDP which is the proxy for Economic Growth in Sri Lanka. The independent variables are defined as FDI– FDI and EFI – EFI. There is a direct relationship or upward trend between GDP and Foreign Direct Investment. One percent increase in FDI – FDI leads to increase GDP – GDP by 1.39 percent. An increase of one percent in EFI – EFI lowers down GDP – GDP by 7.99 percent in long run. FDI and integration with the world market are the endogenous determinates which stimulate the economic growth of the county. As per the findings of this study, a positive relationship between Economic Growth and FDI as propounded by Endogenous Growth Model exists. en_US
dc.language.iso en_US en_US
dc.publisher Faculty of Arts and Culture South Eastern University of Sri Lanka, University Park, Oluvil. en_US
dc.subject Growth en_US
dc.subject External finance en_US
dc.subject Foreign direct investment en_US
dc.subject Unit root test en_US
dc.title Exogenous growth: an evidence from external finance in context of Sri Lanka en_US
dc.type Article en_US


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