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ASSESSING THE CONSEQUENCES OF VEHICLE IMPORT BANS ON SRI LANKA’S AUTOMOBILE SECTOR AND BROADER ECONOMY A.R.M Arshard; M.S.M Imthiyas
International Journal of Business, Law and Political Science Vol. 2 No. 2 (2025): International Journal of Business, Law and Political Science
Publisher : PT. Antis International Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijblps.v2i2.271

Abstract

Objective: This study evaluates the economic, industrial, and societal implications of vehicle import bans in Sri Lanka. It focuses on understanding their effects on local production, consumer behavior, employment, and macroeconomic variables. Method: Data were collected from stakeholders, including automobile dealers, industry experts, and policymakers. Analytical methods were used to identify trends in local production, consumer behavior, and employment impacts. Macroeconomic variables such as foreign exchange savings, inflationary pressures, and fiscal policies were also examined. Results: The findings reveal that the vehicle import ban has a dual impact. On one hand, it aids in foreign exchange conservation, aligning with broader economic objectives. On the other hand, it causes market contraction, reduces tax revenue, and creates industrial challenges, such as employment disruptions. Novelty: This research provides a nuanced perspective on the consequences of vehicle import restrictions in Sri Lanka. It bridges the gap between economic objectives and industrial sustainability, offering actionable insights for policymakers to balance these priorities effectively.
ASSESSING THE ROLE OF TECHNOLOGY AND INNOVATION IN ENHANCING PRODUCTIVITY AND REDUCING RELIANCE ON IMPORTS M. Mohamed Shiraj; A.R.M Arshard; M. Dhuveeshan
International Journal of Economic Integration and Regional Competitiveness Vol. 2 No. 1 (2025): International Journal of Economic Integration and Regional Competitiveness
Publisher : Antis Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijeirc.v2i1.304

Abstract

Objective: This study examines the role of technology and innovation in enhancing productivity and reducing reliance on imports, focusing on the challenges and opportunities for developing countries. Method: Utilizing a mixed-methods approach, the research combines quantitative data analysis of productivity indicators and trade balances with qualitative insights from expert interviews to explore the impact of technological adoption and innovative practices. Results: The findings reveal that strategic investment in technology and innovation significantly boosts productivity and decreases dependency on imported goods. However, substantial barriers, including inadequate infrastructure, skill shortages, and limited financial resources, hinder the realization of these benefits. The study identifies key policy interventions, such as increased R&D investment, improved access to capital, human capital development, and enhanced intellectual property protections, as essential for fostering an innovation ecosystem. Novelty: This research provides a comprehensive analysis of how tailored policy frameworks can effectively leverage technology and innovation to achieve sustainable economic growth in developing countries, offering a unique perspective on reducing import dependency while enhancing productivity.