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The Determinants of Total Factor Productivity Growth in Pakistan: An Exploration

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  • Omer Siddique

    (Pakistan Institute of Development Economics)

Abstract

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.

Suggested Citation

  • Omer Siddique, 2022. "The Determinants of Total Factor Productivity Growth in Pakistan: An Exploration," PIDE-Working Papers 2022:4, Pakistan Institute of Development Economics.
    • Handle: RePEc:pid:wpaper:2022:4
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    1. Pide, 2023. "Pakistan: One Year Growth Strategy (Policy)," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 62(2), pages 265-280.

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    Keywords

    Productivity; Growth; Pakistan; Exploration;
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