ARTICLE

TOTAL FACTOR PRODUCTIVITY AND ITS CONTRIBUTION TO ECONOMIC GROWTH OF PAKISTAN

12 Pages : 137-147

http://dx.doi.org/10.31703/ger.2022(VII-II).12      10.31703/ger.2022(VII-II).12      Published : Jun 2022

Total Factor Productivity and its Contribution to Economic Growth of Pakistan

    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.

    Total economic productivity, Economic Growth, labour Productivity, Capital, Energy Consumption
    (1) Qurat ul Ain
    Master in International Business, Dundee University, Dundee, Scotland
    (2) Muhammad Idrees
    Department of Economics, University of Peshawar, Peshawar, KP, Pakistan.
    (3) Umar Hayat
    Department of Economics and Development Studies, University of Swat, Swat, KP, Pakistan
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Cite this article

    CHICAGO : Ain, Qurat ul, Muhammad Idrees, and Umar Hayat. 2022. "Total Factor Productivity and its Contribution to Economic Growth of Pakistan." Global Economics Review, VII (II): 137-147 doi: 10.31703/ger.2022(VII-II).12
    HARVARD : AIN, Q. U., IDREES, M. & HAYAT, U. 2022. Total Factor Productivity and its Contribution to Economic Growth of Pakistan. Global Economics Review, VII, 137-147.
    MHRA : Ain, Qurat ul, Muhammad Idrees, and Umar Hayat. 2022. "Total Factor Productivity and its Contribution to Economic Growth of Pakistan." Global Economics Review, VII: 137-147
    MLA : Ain, Qurat ul, Muhammad Idrees, and Umar Hayat. "Total Factor Productivity and its Contribution to Economic Growth of Pakistan." Global Economics Review, VII.II (2022): 137-147 Print.
    OXFORD : Ain, Qurat ul, Idrees, Muhammad, and Hayat, Umar (2022), "Total Factor Productivity and its Contribution to Economic Growth of Pakistan", Global Economics Review, VII (II), 137-147
    TURABIAN : Ain, Qurat ul, Muhammad Idrees, and Umar Hayat. "Total Factor Productivity and its Contribution to Economic Growth of Pakistan." Global Economics Review VII, no. II (2022): 137-147. https://doi.org/10.31703/ger.2022(VII-II).12