Can Industrial Zones Address the Binding Constraints to Sri Lanka’s Growth?

Citation:

Noor, S., O'Brien, T. & Stock, D., 2018. Can Industrial Zones Address the Binding Constraints to Sri Lanka’s Growth?, Growth Lab at Harvard's Center for International Development. Copy at http://www.tinyurl.com/y425sed7

Abstract:

This note collects evidence related to possible constraints to economic growth, and their relation with GoSL’s industrial zone development agenda. We find that new zones are especially well-suited to help address Sri Lanka’s lack of industrial land and high policy uncertainty, both of which may be holding back growth. Less clear, however, are zones’ impact on Sri Lanka’s limited transport links beyond the Western Province. Finally, partnering with well-connected zone management companies may also help create opportunities to connect with firms in new, non-traditional sectors.

Last updated on 09/29/2021