Revisiting the Determinants of Productivity Growth - What’s new?

Boileau Loko and Mame Astou Diouf

No 2009/225, 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: WP; productivity growth; physical capital; TFP gain; C. productivity equation; C. boosting productivity; determinants of total factor productivity; Productivity; Total factor productivity; Human capital; Foreign direct investment; Maghreb (search for similar items in EconPapers)
Pages: 29
Date: 2009-10-01
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Citations: View citations in EconPapers (38)

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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:2009/225

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