The relationship among Export, Import and Economic Growth in Sri Lanka: Co-integration analysis
Journal Title: Advance Research Journal of Multidisciplinary Discoveries - Year 2017, Vol 18, Issue 10
Abstract
T his study aimed to find out the co - integration vectors or the long run relationship among the variables of export, import and Economic growth (GDP) on Sri Lankan context. The annual time series data used in this study were collected from the Annual Report of Central Bank of Sri Lanka during the period from 1950 to 2015. The variables used in this study were Exports, Imports and Economic Growth (GDP) to achieve the objective of this study. The dependent variable in this study was Economic Growth (GDP) and the independ ent variables used in this study were Exports and Imports. The methodology used in this study was quantitative using the secondary data source. The data used in this study were analyzed by using the statistical software E - Views 7 to find out the long run r elationship between the variables through the co - integration analysis. Johansen and Juselius methods were used to find the co - integration relationship. Typically this was found that within the period of 1980 to 2015, in Sri Lankan macroeconomic environment , the gross domestic product, export and import had been encompassed with a long run equilibrium relationship.
Authors and Affiliations
S. Nisthar, AAM. Nufile, V Vaiharathan
Keywords
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