Munich Personal RePEc Archive

Macro Determinants of Total Factor Productivity in Pakistan

Khan, Safdar Ullah Khan (2005): Macro Determinants of Total Factor Productivity in Pakistan. Published in: SBP Research Bulletin , Vol. 2, No. 2 (15. December 2006): pp. 383-401.

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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.

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