Macro Determinants of Total Factor Productivity in Pakistan

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.

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Year of publication:	2005-08-06
Authors:	Khan, Safdar Ullah Khan
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Growth Accounting \| Total Factor Productivity \| Macro Determinants \| Pakistan

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Notes:	Published in SBP Research Bulletin 2.2(2006): pp. 383-401
Classification:	C13 - Estimation ; O47 - Measurement of Economic Growth; Aggregate Productivity
Source:	RePEc - Research Papers in Economics

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