Impact of Industrial Export Earnings Instability on Economic Growth in Sri Lanka

Abstract

The study on industrial export earnings in respect of economic growth in Sri Lanka is key research goal in considering the economic development and growth in a country. However, there is limited academic attention involved in this area. Accordingly, one aspect of this study was to fill up the research gap which is not touched up by other researchers so far. Resulting from the preliminary survey made regarding considering area, the researchers were able to identify a severe problem in this field. So, there is a continuous instability of industrial export earnings in Sri Lanka. Thus, the researchers intended to address why such a situation has taken place. Meanwhile, the study makes an attempt to achieve four objectives namely key objectives and specific objectives in this area and research questions raised in this study and this study was how far industrial exports instability makes influence on economic growth. A strong attempt was made to fill up the research gap none has sought so far. Accordingly, four objectives were set for getting a deeper understanding about the chosen field. Consistent with each objective, three research questions were also raised for more clarification. Meanwhile, based on the relationship among variables represented in the conceptual model, five hypotheses were formulated. And also, for the purpose of getting the study systematic, better methodological choice was also made and accordingly the deductive method was used for postulating the theme of the study. In addition both qualitative and quantitative perspectives were applied in analyzing the data. For presenting the data mostly bar charts, graphical presentations and tabulations were used to analyze the data. Correlation analysis was employed to test the data statistically. Based on the test results, ultimate conclusion including the findings was made. The major finding in this study is that there is a chronic instability of industrial export earnings in Sri Lanka. On the ground of this situation, the researchers have produced certain policy implications in support of eliminating these poor situation. Additionally, at the end of the study further researchable areas related to considering field have been pointed out for facilitating to those who are interested in doing research in this area.