Total Factor Productivity and its Contribution to Economic Growth of Pakistan release_f6zkin5vu5hzra6gethqvorp4q

Abstract

This research work deliberates the significance of total factor productivity TFP in enhancing product performance in the case of Pakistan.There are several dynamics elaborated in this procedure. The features comprise energy consumption, stock of capital and employed labor force that take part a vital role in appreciating productivity development for Pakistan's expensive. In order to pattern the long-run effect of these influences on Gross Domestic Product GDP, we have taken our data set from the Economic Survey of Pakistan (ESP) and World Development Indicator (WDI) for the year 1990 to2018, respectively. Furthermore, we employ the endogenous growth model to assess the contribution of those numerous factors toward GDP. The country's economy has been increasing because investments and savings are low and going down. This makes worker productivity less important. Therefore, it is important to move toward modern and up-to-date techniques from traditional methods of production in order to accelerate output for the country's economy.
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