Name: Sources of Growth (Total Factor Productivity) (en Inglés)
SKU: 62583084
Price: 74.06 USD
Availability: InStock
Author: Muhammad Tufail; Ather Maqsood Ahmed

portada Sources of Growth (Total Factor Productivity) (en Inglés)

Sources of Growth (Total Factor Productivity) (en Inglés)

Formato

Libro Físico

Editorial

Lap Lambert Academic Publishing

Autor

Muhammad Tufail; Ather Maqsood Ahmed

Idioma

Inglés

N° páginas

Encuadernación

Tapa Blanda

ISBN13

9783659757563

Sources of Growth (Total Factor Productivity) (en Inglés)

Muhammad Tufail; Ather Maqsood Ahmed (Autor) · Lap Lambert Academic Publishing · Tapa Blanda

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Reseña del libro "Sources of Growth (Total Factor Productivity) (en Inglés)"

The current study has attempted to measure the total factor productivity at sectoral level. For this, the stock of capital series which was constructed by Kemal and Ahmad (1992) has been extended till 2013. The Solow residual has been calculated through growth accounting framework. The sectoral TFP is tested against the macroeconomic variables, such as human capital, openness of the economy, transfer of technology, financial development and development expenditure by the government. Using the ARDL methodology, it has been found that agriculture sector has the potential to grow provided there is investment in human capital and the agriculturists do acquire appropriate technology. The manufacturing sector TFP growth, on the other hand, not only requires further investment in human capital, it also requires diversification of the economy and its opening up to international trade transactions, financial development of the economy, and the use of technological advances in the field. The study also supports the Keynesian argument that government development expenditure is growth promoting.