This paper primarily focuses on the role of economic growth and inflation in determining the growth of labor productivity in the manufacturing sector. The empirical evidence derived from a three variable Vector Autoregression model reveal that both economic growth and inflation play a significant role in influencing labor productivity as perceived by the standard theories. The results from impulse response show that inflation has a negative impact, while economic growth has positive impact on the growth of labor productivity. These evidences suggest that a better inflation and growth oriented economic policies tend to improve productivity of labor, which would strengthen the competitiveness of manufacturing sector.
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