| dc.description.abstract | Whether trade openness has a
positive impact on economic growth is still
open for debate. A group of researchers
found in their study that it has a positive
impact on the economy, whereas another
group found that it has no effect or there is
a negative impact. Therefore, this study
examines the impact of Trade Openness on
Economic Growth of Sri Lanka, over the
period from 1990 to 2018, in a multivariate
framework including trade openness,
labour force, population, inflation and
Fixed Direct Investment as repressors.
Secondary data used for this study are from
various sources such as the Central Bank of
Sri Lanka and World Development
Indicators (WDI). To test the stationarity of
the data, the Augments Dickey-Fuller (ADF)
(Dickey and Fuller, 19810) was used, and it
uses the Auto Regressive Distributed Lag
Bounds test for co-integration. The results
of this study show that Trade Openness,
which was the main variable, has a positive
relationship with the Gross Domestic
Product in Sri Lanka in the short run while
a negative relationship is indicated in the
long run. | en_US |
