Pakistan’s Productivity Performance and TFP Trends, 1980–2015: Cause for Real Concern
Rashid Amjad () and
Namra Awais ()
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Rashid Amjad: Professor of Economics & Director, Graduate Institute of Development Studies, Lahore School of Economics, Pakistan.
Namra Awais: Research Associate, Graduate Institute of Development Studies, Lahore School of Economics, Pakistan.
Lahore Journal of Economics, 2016, vol. 21, issue Special Edition, 33-63
This paper reviews Pakistan’s productivity performance over the last 35 years (1980–2015) and identifies factors that help explain the declining trend in labor productivity and total factor productivity (TFP), both of which could have served as major drivers of productivity growth – as happened in East Asia and more recently in India. A key finding is that the maximum TFP gains and their contribution to economic growth are realized during periods of high-output growth. The lack of sustained growth and low and declining levels of investment appear to be the most important causes of the low contribution of TFP to productivity growth, which has now reached levels that should be of major concern to policymakers vis-à-vis Pakistan’s growth prospects.
Keywords: Growth; labour; capital; labour productivity; total factor productivity; Pakistan. (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:lje:journl:v:21:y:2016:i:sp:p:33-63
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