We evaluate the contribution of investment on education to Sri Lanka's economic growth during the period 1959-2008. Physical capital, economic policy changes and the ethnic war are also evaluated due to their substantial importance. This study uses a framework encompassing both the neoclassical and endogenous growth model. The impact of education…

Uses human-capital theory to model and estimate the school enrollment and length of schooling decisions of Sri Lankans. Finds a positive association between family background and education decisions. In particular, mother's education and parents' income have a strong effect on the education decisions. (Contains 26 references.) (Authors/PKP)