The Determinants of Total Factor Productivity Growth in Pakistan: An Exploration
Omer Siddique ()
No 2022:4, PIDE-Working Papers from Pakistan Institute of Development Economics
Total factor productivity (TFP), also known as multifactor productivity, is that part of the GDP that cannot be attributed to factor inputs, including labour, capital, human capital, and materials. TFP essentially tells us how productively economies use factor inputs. Some economies produce more output with the same inputs, while others produce less. Therefore, an increase in TFP growth is essential for long-run sustained growth. Economic theory and evidence also point in the same direction.
Keywords: Productivity; Growth; Pakistan; Exploration (search for similar items in EconPapers)
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