Macro Determinants of Total Factor Productivity in Pakistan
AbstractBy 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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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 8693.
Date of creation: 06 Aug 2005
Date of revision: 10 Sep 2005
Publication status: Published in SBP Research Bulletin 2.2(2006): pp. 383-401
Growth Accounting; Total Factor Productivity; Macro Determinants; Pakistan;
Find related papers by JEL classification:
- C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
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