Macro Determinants of Total Factor Productivity in Pakistan

Safdar Ullah Khan

63 citations0/0 files storedRePEc: Research Papers in Economics

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Economic Growth and Productivity Monetary Policy and Economic Impact Economic Growth and Development

Abstract

By utilizing the conventional growth accounting framework, this study first estimates the Total Factor Productivity (TFP) in Pakistan and then establishes its macro determinants. Covering the sample from 1960 to 2003, the results confirm that macroeconomic stability, foreign direct investment, and financial sector development play an important role in the increase of TFP. Interestingly, education expenditures turn out to be insignificant.

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1956A Contribution to the Theory of Economic Growth 1988On the mechanics of economic development 1986Increasing Returns and Long-Run Growth 1957Technical Change and the Aggregate Production Function 1989Economic Growth in a Cross Section of Countries 1991A SENSITIVITY ANALYSIS OF CROSS-COUNTRY GROWTH REGRESSIONS 2016Productivity Growth, Technical Progress, and Efficiency Change in Industrialized Countries 1991Long-Run Policy Analysis and Long-Run Growth

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