Macro Determinants of Total Factor Productivity in Pakistan

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Growth Accounting; Total Factor Productivity; Macro Determinants; Pakistan (search for similar items in EconPapers)
JEL-codes: C13 O47 (search for similar items in EconPapers)
Date: 2005-08-06
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Published in SBP Research Bulletin 2.2(2006): pp. 383-401

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