TOTAL FACTOR OF PRODUCTIVITY AND ITS COMPONENTS: EVIDENCE FROM CEMENT - AND ENERGY SECTORS OF PAKISTAN

Razzi Abbas Jafri, Shahbaz Khan, Muhammad Haroon Shah, Nida Baig

Abstract


This study employs “Data Envelopment Analysis (DEA)” method to calculate the “Total Factor Productivity (TFP)” growth and its components of 19 non-financial firms from Cement and Energy sectors of Pakistan listed on ISE-100 Index during the time period 20052011. The research focuses on to identify the factors like, technical change and technical efficiency change tends to influence the TFP of cement -and energy sectors of Pakistan. We use hand collected data from the annual reports of these non-financial firms included in our sample. Results show that cement sector has an overall positive TFP growth of 9.7%, and energy sector has an overall TFP growth of 1.5% during the study period. The study may assist us to recognize the extent to which these components can affect the TFP of a sector, and will further help us to explore new ways to boost up the productivity of these sectors which in turn may be beneficial to move country towards a sustainable path.

Keywords


Data Envelopment Analysis; Malmquist Productivity index; Technical efficiency; technological efficiency; Cement Sector; Energy Sector; Pakistan.

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DOI: https://doi.org/10.24212/2179-3565.2018v9i1p55-73

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