Determinants of private investment in Sri Lanka (Record no. 532032)

000 -LEADER
fixed length control field 01750nam a22001457a 4500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 251127b ||||| |||| 00| 0 eng d
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Ravinthirakumaran, N. Selvanathan, E.A. and Selvanathan, S.
245 ## - TITLE STATEMENT
Title Determinants of private investment in Sri Lanka
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc South Asia Economic Journal
300 ## - PHYSICAL DESCRIPTION
Extent 26(1), Mar, 2025: p.54-76
520 ## - SUMMARY, ETC.
Summary, etc Private investment plays a vital role in reducing poverty and fostering economic growth in developing countries through job creation and capital formation. This study investigates the key determinants of private investment in Sri Lanka over the period 1977–2019, employing the autoregressive distributed lag model. The findings indicate that economic growth, credit to the private sector and the real interest rate exert a significant and positive influence on private investment. Conversely, political instability caused by war, foreign direct investment and public investment negatively affect private investment. The error correction term is –0.93, signifying a rapid adjustment towards long-run equilibrium following a short-run shock. These results suggest that policymakers should leverage interest rate management and improved access to credit as mechanisms to boost private investment. Furthermore, ensuring political stability is essential to creating an investor-friendly environment that supports sustained private sector development and long-term economic progress in Sri Lanka.- Reproduced

https://journals.sagepub.com/doi/full/10.1177/13915614251344757
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element • Credit to private sector, Economic growth, Long-run equilibrium, private investment, public investment, Sri Lanka.
9 (RLIN) 58028
773 ## - HOST ITEM ENTRY
Main entry heading South Asia Economic Journal
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Item type Articles
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Permanent location Current location Date acquired Serial Enumeration / chronology Barcode Date last seen Koha item type
          Indian Institute of Public Administration Indian Institute of Public Administration 2025-11-27 26(1), Mar, 2025: p.54-76 AR137671 2025-11-27 Articles

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