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Macro Determinants of Total Factor Productivity in Pakistan

Author

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  • Safdar Ullah Khan

    (Bond University, Queensland, Australia.)

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.

Suggested Citation

  • Safdar Ullah Khan, 2006. "Macro Determinants of Total Factor Productivity in Pakistan," SBP Research Bulletin, State Bank of Pakistan, Research Department, vol. 2, pages 383-401..
    • Handle: RePEc:sbp:journl:19
    as

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    File URL: http://www.sbp.org.pk/research/bulletin/2006/vol2num2/Macro_Determinants_of_TFP_in_Pakistan.pdf
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    References listed on IDEAS

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    Cited by:

    1. Mr. Mangal Goswami & Mr. Sunil Sharma, 2011. "The Development of Local Debt Markets in Asia," IMF Working Papers 2011/132, International Monetary Fund.

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    More about this item

    Keywords

    Growth Accounting; Total Factor Productivity; Macro Determinants; Pakistan;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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