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Explaining the Mirage of GDP Growth Optimism
(Colombo: Verité Research, 2014-08)
The government estimates that by 2015 per capita GDP will quadruple from what it was in 2004. But this is a mirage: real incomes will not even double in that period. The mirage is created by counting in US dollars and ...
Can the Singapore Chinthanaya work for Sri Lanka?
(Colombo: Verité Research, 2013-10)
Singapore is a classic example of an Asian country that avoided the middle-income trap, and it has often been sighted as a model for Sri Lanka. This article substantiates the claim that there is neither a theoretical nor ...
The post war growth bump has hit the ceiling
(Colombo: Verité Research, 2013-08)
This article explores the question of whether Sri Lanka could expect higher sustained GDP growth post-war and concludes that the post-war bump-up is over for the time being. It suggests that the high growth is unsustainable ...
Sri Lanka’s post war growth: Still stuck in an unsustainable strategy
(Colombo: Verité Research, 2016-01)
Sri Lanka has been driving post-war growth in boom and bust cycles on the trade deficit; and fiscal measures have been used, especially spending on construction, to offset the bust cycles. This insight explains how this ...