| dc.description.abstract | The COVID-19 pandemic significantly impacted both public health and the economy of
Sri Lanka, leading to a prolonged economic recession. Enforcement of control measures, such as lockdowns and trade restrictions, adversely affected various sectors of
the economy. To foster recovery and enhance resilience in the face of future pandemics,
policymakers must gain a comprehensive understanding of the specific impacts of COVID 19 on each sector. Therefore, this study aims to analyze the performance of the seven
major sectors of the Sri Lankan economy during the pandemic period and to quantify the
effect of different factors of the pandemic such as lockdown, number of COVID patients,
and deaths, individually on each sector. To analyze the performance of sectors (dependent
variable), a panel regression was utilized considering the aforementioned factors of the
pandemic as independent variables. Additionally, a descriptive representation was used
to provide further insight into the results. The research considered the contribution to the
GDP of sectors in the Sri Lankan economy as a measure of the performance of each sector.
The results of the panel regression imply that both the health and education sectors had
been negatively affected by the number of COVID patients. The lockdowns have reduced
the performance of the manufacturing and agriculture sectors, but the pandemic has not
affected the construction, fishing, and transportation sectors. Thus, the pandemic has
resulted in diverse impacts on various sectors, with some remaining unaffected and others
experiencing different effects, emphasizing the importance of developing sector-specific
strategies to address their unique challenges. | en_US |
