Revisiting the Determinants of Productivity Growth

Revisiting the Determinants of Productivity Growth - What’s new?

October 1, 2009

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Format: Chicago

Boileau Loko, and Mame Astou Diouf. Revisiting the Determinants of Productivity Growth - What’s new?, (USA: International Monetary Fund, 2009) accessed December 22, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper studies the main determinants of total factor productivity (TFP) growth using principal component analysis and a dynamic panel data model and, through a case study, explores key areas where accelerated reforms in the Maghreb countries would boost TFP gains. The results reveal that reforms targeted at attracting foreign direct investment and rationalizing government size, shifting resources from low-productivity sectors to higher ones, and encouraging women to enter the work force, could accelerate TFP gains. Equally important are reforms aimed at strengthening human capital, increasing the volume of trade, and improving the business environment.

Subject: Balance of payments, Foreign direct investment, Human capital, Labor, Production, Productivity, Total factor productivity

Keywords: C. boosting productivity, C. productivity equation, Determinants of total factor productivity, Foreign direct investment, Human capital, Maghreb, Physical capital, Productivity, Productivity growth, TFP gain, Total factor productivity, WP

Publication Details

Pages:

29
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2009/225
Stock No:

WPIEA2009225
ISBN:

9781451873726
ISSN:

1018-5941

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