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JOURNAL OF APPLIED BUSINESS AND ECONOMICS
Assessment of the Intended Outcomes of the Newly Built Expressway in Sri Lanka
Author(s): Gayan S. Dayanath, Masaru Ichihashi
Citation: Gayan S. Dayanath, Masaru Ichihashi, (2020) "Assessment of the Intended Outcomes of the Newly Built Expressway in Sri Lanka," Journal of Applied Business and Economics, Vol. 22, Iss.11, pp. 76-91
Article Type: Research paper
Publisher: North American Business Press
Abstract:
The purpose of this work is to assess the achieved level of intended outcomes of the first expressway in Sri Lanka, focusing on the contributions of the industrial sector as a sustainable growth engine. The fixed effect estimation was based on a difference-in-difference framework. We found that the industrial sector value addition for the affected regions was greater than for the non-affected regions, i.e., by approximately 160 billion Sri Lankan rupees per annum, which accounts for 38% of the total impact on the regional gross domestic product (RGDP). The expressway induced 285 small and medium enterprises (SMEs), while the unemployment rate declined by 1.05% due the expressway.
