Skip to content Skip to navigation
University of Warwick
  • Study
  • |
  • Research
  • |
  • Business
  • |
  • Alumni
  • |
  • News
  • |
  • About

University of Warwick
Publications service & WRAP

Highlight your research

  • WRAP
    • Home
    • Search WRAP
    • Browse by Warwick Author
    • Browse WRAP by Year
    • Browse WRAP by Subject
    • Browse WRAP by Department
    • Browse WRAP by Funder
    • Browse Theses by Department
  • Publications Service
    • Home
    • Search Publications Service
    • Browse by Warwick Author
    • Browse Publications service by Year
    • Browse Publications service by Subject
    • Browse Publications service by Department
    • Browse Publications service by Funder
  • Help & Advice
University of Warwick

The Library

  • Login
  • Admin

Some experiments with a multisectoral intertemporal optimization model for Sri Lanka

Tools
- Tools
+ Tools

Wijesinghe, Delapalage Stephen (1983) Some experiments with a multisectoral intertemporal optimization model for Sri Lanka. PhD thesis, University of Warwick.

[img]
Preview
PDF
WRAP_Theses_Wijesinghe_1983.pdf - Submitted Version - Requires a PDF viewer.

Download (12Mb) | Preview
Official URL: http://webcat.warwick.ac.uk/record=b3253600~S15

Request Changes to record.

Abstract

In this study a Multisectoral Intertemporal Optimization model is posited and used to study the optimal development path for Sri Lanka (under certain conditions and assumptions) so as to attempt to identify the binding constraints for the country's development. Experiments are carried out on the model to examine the relative importance of domestic savings and foreign exchange and also to highlight the distributional implications of economic development along the optimal path. In addition an attempt is made to examine the use of formal techniques for planning the sectoral and temporal allocation of resources for development through an investigation of the feasibility of Sri Lanka's Public Investment Programme 1980-1984.

Economy-wide development planning models of an optimization nature have mostly been concerned with the optimization of a single objective such as consumption or income. However, development planning can better be considered as a problem of decision making with multiple objectives. Yet, no attempt has been made to analyse the multiple objective situation formally, except for a few analytical models of dual economy which took the distributional objective into account. In this respect, the present study represents an improvement over the existing models. First, considering only the two objectives of consumption and its distribution, a social welfare function is specified and used as the objective function of the optimization model, and second, recent developments in Multiple Objective Decision methods are employed to resolve the problem imposed by the multiplicity of objectives.

The results of the experiments shed reasonable doubt on the feasibility of the Public Investment Programme 1980-1984. It is shown that the importance of additional domestic savings is limited as the economic development of Sri Lanka is highly constrained by the lack of foreign exchange. It also is shown that on an optimal path of development, objectives of economic growth and distribution are not conflicting; development along an optimal path does not change the relative income shares of the rich and the poor substantially. It is suggested that fiscal measures can be used to improve the income share of the poor and pointed out that such measures do not conflict with economic growth.

Item Type: Thesis or Dissertation (PhD)
Subjects: H Social Sciences > HD Industries. Land use. Labor
Library of Congress Subject Headings (LCSH): Economic development -- Srí Lanka, Public investments -- Srí Lanka, Foreign exchange -- Srí Lanka, Income distribution -- Srí Lanka
Official Date: 1983
Dates:
DateEvent
1983UNSPECIFIED
Institution: University of Warwick
Theses Department: Department of Economics
Thesis Type: PhD
Publication Status: Unpublished
Sponsors: Great Britain. Government ; Srī Laṅkā Maha Băṅkuva
Extent: xv, 371 leaves : charts
Language: eng

Request changes or add full text files to a record

Repository staff actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics

twitter

Email us: wrap@warwick.ac.uk
Contact Details
About Us