An Empirical Analysis of the Effect of Agricultural Sector Determinants on Economic Growth in Sri Lanka

نویسندگان

چکیده

The role of agriculture has been significantly emphasized in improving the living standard population and economic framework any country. Agriculture an important sector Sri Lanka which contributes 7.4% to GDP, 25.5% total labor force, 20.62% foreign earnings Livelihood Avenue for 2.1 million households Lanka. contribution determinants food, forestry, fishery, livestock: GDP shows a declining trend during last four decades. Therefore, this study attempts examine effect these on growth from 1987 2019. Secondary data was extracted Central Bank Augmented Dickey-Fuller Phillips-Perron unit root tests confirmed that all variables are stationary only at I(0) I(1) ARDL (3,4,4,3,4) model. findings Auto-Regressive Distributed Lag (ARDL) bound test show livestock statistically significant impact RGDP 5% level long run Error Correction version found short positive food production, RGDP. Thus, Lankan government should prioritize focusing different subsector accelerate Further, take favorable policy decisions ensure sustainable agricultural system challenge future crises shocks safety population.

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ژورنال

عنوان ژورنال: Business and Economic Research

سال: 2022

ISSN: ['2162-4860']

DOI: https://doi.org/10.5296/ber.v12i2.19823