Macro Determeinants of Total Factor Productivity in Pakistan

Safdar Ullah Khan ()
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Safdar Ullah Khan: Lecturer, Bond University, Queensland, Australia.

No 10, SBP Working Paper Series from State Bank of Pakistan, Research Department

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. Length: 25 pages

Keywords: TFP; determinants; growth accounting. (search for similar items in EconPapers)
JEL-codes: C13 O47 (search for similar items in EconPapers)
Date: 2006-02
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Citations: View citations in EconPapers (14)

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