摘要：This paper uses Cobb-Douglas and translog production functions to
calculate total factor productivity (TFP) in Pakistan over the period 1985 –
2005, first for the manufacturing and agricultural sectors individually,
then for the economy as a whole. In manufacturing, productivity increased
at an average of 2.4% per year with output growth being driven mainly by
increases in capital. Despite the limitations of the available agricultural
data, we have determined that productivity has grown at an average rate
of 1.75% per year in this sector. The major drivers of growth in agriculture
have been increases in labor and TFP. These estimates of sectoral TFP put
Pakistan at par or above average as compared to other developing
countries, but lagging behind the East Asian economies. For the economy
as a whole, TFP has increased at an average rate of only 1.1% a year in
Pakistan, resulting in almost three quarters of GDP growth attributed to
increases in labor and the capital stock.
关键词：Keywords: Growth, capital, labor, total factor productivity.
