• S.A.U. Niranjala

The relationship between external determinates and economic growth is a heavily debated issue. Although some studies have found evidence of the positive impact of external determinates on economic growth, others have revealed the opposite result. This study investigated the remittances, foreign direct investment, imports, and gross domestic product in Sri Lanka by employing the augmented autoregressive distributed lag (augmented ARDL) bounds testing approach to check the co-integration period of 1977-2020. The estimated results indicated that remittances have significant positive effects on economic growth both in the short run and the long run. At the same time, imports significantly increase economic growth in the short run; however, there is no relationship between foreign direct investment and economic growth.

ARDL model, FDI, GDP, Imports, Remittances.

"Relationship between Remittances, Foreign Direct Investment, Imports and Economic Growth in Sri Lanka", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 3, page no.e532-e541, March-2023, Available :http://www.jetir.org/papers/JETIR2303467.pdf

"Relationship between Remittances, Foreign Direct Investment, Imports and Economic Growth in Sri Lanka", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 3, page no. ppe532-e541, March-2023, Available at : http://www.jetir.org/papers/JETIR2303467.pdf