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Impact of Financial Sector Development on Economic Growth of Sri Lanka

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dc.contributor.author Rathnayake, R.M.B.K.
dc.date.accessioned 2016-03-14T05:13:53Z
dc.date.available 2016-03-14T05:13:53Z
dc.date.issued 2015
dc.identifier.citation Rathnayake, R.M.B.K. 2015. Impact of Financial Sector Development on Economic Growth of Sri Lanka. In Proceedings of the 4th Students’ Research Symposium, Department of Finance, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka. p 30. en_US
dc.identifier.uri http://repository.kln.ac.lk/handle/123456789/12150
dc.description.abstract This study investigates the relationship between finance sector development and economic growth with the time series data for the period from 1990 to 2013. The study uses the endogenous components of financial intermediation such as Broad money supply, Credit to private sector and Credit provided by banks as explanatory variables to predict the outcome of our dependent variable Per capita GDP. Regression model is used to analyze the data. The findings of the study confirm the existence of a weak positive relationship between financial sector development and economic growth. It reveals the existence of the relationship between the dependent variable per capita GDP and the three independent variables; credit provided to private sector, credit provided by banks and broad money supply which implies that the financial development of Sri Lanka has a weak relationship with the economic growth of the country. en_US
dc.language.iso en en_US
dc.publisher Department of Finance, Faculty of Commerce and Management Studies, University of Kelaniya en_US
dc.subject finance sector development en_US
dc.subject economic growth en_US
dc.subject financial intermediation en_US
dc.subject Broad money supply en_US
dc.subject Credit to private sector en_US
dc.subject Credit provided by banks en_US
dc.subject Per capita GDP en_US
dc.title Impact of Financial Sector Development on Economic Growth of Sri Lanka en_US
dc.type Article en_US


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