Revisiting the Determinants of Productivity Growth: What's new?

Boileau Loko and Mame Astou Diouf

No 09/225, IMF Working Papers from International Monetary Fund

Abstract: This paper studies the main determinants of total factor productivity (TFP) growth using principal component analysis and a dynamic panel data model and, through a case study, explores key areas where accelerated reforms in the Maghreb countries would boost TFP gains. The results reveal that reforms targeted at attracting foreign direct investment and rationalizing government size, shifting resources from low-productivity sectors to higher ones, and encouraging women to enter the work force, could accelerate TFP gains. Equally important are reforms aimed at strengthening human capital, increasing the volume of trade, and improving the business environment.

Keywords: Economic growth; Emerging markets; Foreign direct investment; Government expenditures; Inflation rates; Labor markets; Labor policy; Productivity; Trade liberalization; Women (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eff and nep-fdg
Date: 2009-10-16
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Persistent link: http://EconPapers.repec.org/RePEc:imf:imfwpa:09/225

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