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.
Download (113kB) | Preview
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.
|Item Type:||MPRA Paper|
|Original Title:||Macro Determinants of Total Factor Productivity in Pakistan|
|Keywords:||Growth Accounting, Total Factor Productivity, Macro Determinants,Pakistan|
|Subjects:||C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C13 - Estimation: General
O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence
|Depositing User:||Safdar Ullah Khan|
|Date Deposited:||09. May 2008 17:51|
|Last Modified:||11. Feb 2013 17:56|
Abramovitz, M. (1993). “The Search for the Sources of Growth: Areas of Ignorance, Old and New.” Journal of Economic History, 53: 217-243.
Barro, R. (1991). “Economic Growth in a Cross-Section of Countries.” Quarterly Journal of Economics, 106: 407-443.
Basudeb, G. and F. Bari (2000). Sources of Growth in South Asian Countries. Paper for Global Research Project of the World Bank. http://www.saneinetwork.net/pdf/grp/Basudeb.PDF
Burney, N.A. (1986). “Sources of Pakistan’s Economic Growth.” Pakistan Development Review, 25: 573-589.
Collins, S. and B. P. Bosworth (1997). “Economic Growth in South Asia: Accumulation versus Assimilation." Brookings Papers on Economic Activity, 2: 135-203.\
Christensen, L. R. and D. W. Jorgenson (1970). “U.S. Real Product and Real Factor Input, 1927-1967.” Review of Income and Wealth, 16: 19-50.
Denison, E. F. (1979). Accounting for Slower Growth. Washington, D.C.: Brookings Institutions.
Dowling, M. and P. Summers (1998). Total Factor Productivity and Economic Growth Issues for Asia. http://ideas.repec.org/p/fth/melbec/594.html
Easterly, W and R. Levine (2000). Its Not Factor Accumulation: Stylized Facts and Growth Models. IMF Series No. 12. Washington, D.C.: IMF.
Fare, R., S. Grosskopf, M. Norris and Z. Zhang (1994). “Productivity Growth, Technical Progress, and Efficiency Change in Industrialized Countries.” American Economic Review, 84: 66-83.
Federal Bureau of Statistics (1998). 50 Years of Pakistan: Volume I - Summary. Islamabad: Government of Pakistan.
Felipe, J. (1997). Total Factor Productivity in East Asia: A Critical Survey. EDRC Report Series No. 65. Manila: Asian Development Bank.
Grier, K., and G. Tullock (1989). “An Empirical Analysis of Cross-National Economic Growth: 1951-1980.” Journal of Monetary Economics, 24: 259-276.
Griliches, Z. and D. Jorgenson (1967). “The Explanation of Productivity Change.” Review of Economic Studies, 34: 249-84.
Griliches, Z. (1994). “Productivity, R&D, and the Data Constraint.” American Economic Review, 84: 1-23.
Grossman, G. and E. Helpman (1994). “Endogenous Innovation in the Theory of Growth.” Journal of Economic Perspectives, 8: 23-44.
Harberger, A. (1978). “Perspectives on Capital and Technology in Less Developed Countries.” In M. Artis, and A. Nobay (eds.). Contemporary Economic Analysis. London: Croom Helm. pp. 69-151.
Hulten, C. R. (2000). Total Factor Productivity: A Short Biography. NBER Working Paper No. 7471. Massachusetts: National Bureau of Economics Research.
Kemal, A. R. and M. Islam (1992). Report of the Sub-Committee on Sources of Growth in Pakistan. Islamabad: Pakistan Institute of Development Economics.
Kemal, M. and U. Qadir (2002). Global Research Project: Pakistan Country Report. Dhaka: Global Research Project Workshop.
Kormendi, R. C., and P. G. Meguire (1985). “Macroeconomic Determinants of Economic Growth: Cross-Country Evidence.” Journal of Monetary Economics, 16: 141-163.
Krugman, P. (1994). “The Myth of Asia’s Miracle.” Foreign Affairs, 73: 62-78.
Levine, R., and D. Renelt (1992). “A Sensitivity Analysis of Cross-Country Regressions.” American Economic Review, 82: 942-63.
Lipsey, R. G. (1996). Economic Growth, Technological Change and Canadian Economic Policy. Toronto: C.D. Howe Institute. http://www.cdhowe.org/pdf/Lipsey.pdf
Lewis, A. W. (1980). “The Slowing Down of the Engine of Economic Growth.” American Economic Review, 70: 555-564.
Lucas, R. E. (1988). “On the Mechanics of Economic Development.” Journal of Monetary Economics, 22: 555-564.
Mankiw, N., D. Romer, and D. N. Weil (1992). “A Contribution to the Theory of Economic Growth.” Quarterly Journal of Economics, 107: 407-37.
Nadiri, M I. (1970). “Some Approaches to the Theory and Measurement of Total Factor Productivity: A Survey.” Journal of Economic Literature, 8: 1137-77.
Nehru, V. and A. Dhareshwar (1993). “A New Database on Physical Capital Stock: Source, Methodology and Result.” Revista de Analisis Economico, 8:37-59.
Pasha, H. A., A. G. Pasha, and K. Hyder (2002). The Slowing Down of the Growth of Total Factor roductivity in Pakistan. Karachi: Social Policy and Development Center.
Ranis, G. (1989). “The Role of Institutions in Transition Growth: The East Asian Newly Industrializing Countries.” World Development, 17: 1443-1453.
Rebelo, S. (1991). “Long-Run Policy Analysis and Long-Run Growth.” Journal of Political Economy, 94: 56-62.
Romer, P. M. (1986). “Increasing Returns and Long-Run Growth.” Journal of Political Economy, 94: 1002-1037.
Sabir, M. and Q. M. Ahmed (2003). Macroeconomic Reforms and Total Factor Productivity Growth in Pakistan: An Empirical Analysis. Quebec: 56th International Atlantic Economic Conference.
Sarel, M. and D. J. Robinson (1997). Growth and Productivity in ASEAN Countries. IMF Working Paper No. 97/97. Washington, D.C.: IMF.
Sharpe, A. (1998). Productivity: Key to Success. Ottawa: Centre for the Study of Living Standards.
Senhadji, A. (1999). Sources of Economic Growth: An Extensive Growth Accounting Exercise. IMF Working Paper No.99/77. Washington, D.C.: IMF.
Solow, R. M. (1956). “A Contribution to the Theory of Economic Growth.” Quarterly Journal of Economics, 71: 65-94.
Solow, R. M. (1957). “Technical change and aggregate production function.” Review of Economics and Statistics, 39: 312-320.
Wizarat, S. (1981). “Technological Change in Pakistan’s Agriculture: 1953-54 to 1978-79.” Pakistan Development Review, 20: 427-445.
Wizarat, S. (1989). “Sources of Growth in Pakistan’s Large Scale Manufacturing Sector: 1955-56 to 1980-81.” Pakistan Economic and Social Review, 27: 139-159
Young, A. (1995). “The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience.” Quarterly Journal of Economics, CX: 642-680.