Revisiting the Determinants of Productivity Growth: What's New?

30 Pages Posted: 26 Oct 2009

See all articles by Boileau Loko

Boileau Loko

International Monetary Fund (IMF)

Mame Astou Diouf

affiliation not provided to SSRN

Date Written: October 2009

Abstract

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.

Keywords: Economic growth, Emerging markets, Foreign direct investment, Government expenditures, Inflation rates, Labor markets, Labor policy, Productivity, Trade liberalization, Women

Suggested Citation

Loko, Boileau and Diouf, Mame Astou, Revisiting the Determinants of Productivity Growth: What's New? (October 2009). IMF Working Papers, Vol. , pp. 1-29, 2009. Available at SSRN: https://ssrn.com/abstract=1493542

Boileau Loko (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Mame Astou Diouf

affiliation not provided to SSRN ( email )

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