Abstract:
Existingliterature cited that the laborforce
participation is as an influential factor of economic growth
in developing nations. Female participation inthe labor
force is outnumbering than male labor force participation
in Sri Lanka because of the female-biased population. The
general objective of this study is to identify the impact
of female labor participation oneconomic growth in Sri
Lanka. The study used secondary data of Economic
Growth Rate, Women Labor Participation (WLP), Male
Labor Participation (MLP) & Gross Domestic Fixed
Capital Formation (GFCF) from 1990 to 2016 over 26
years. According to the regression analysis, there is a
positive significant impact of WLP on economic growth
in Sri Lanka. However, it is very low when it compares
with the MLP & GFCF. The relationship between WLP
& economic growth is a weak positive relationship. It is
also very low when considering the relationship between
the other two variable & economic growth.However, the
relationship is a unidirectional relationship; from WLP
to economic growth. As a summary of the conclusion,
there is a considerable positive impact& relationship of
female labor participation on economic growth in Sri
Lanka. However, the contribution is quite lower than
other influential factors of the growth equation.There are
some barriers tofemale labor participation in Sri Lanka.
However, it can be promoted by incorporating the policy
actions for reducing barriers & in order to obtain the
higher economic growth rate.
