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| Title: | Does Market Liberalisation Increase Total Factor Productivity: Evidence from the Manufacturing Sector in Zimbabwe |
| Authors: | Bjurek, Hans Durevall, Dick  |
| Year: | 2000 |
| Periodical: | Journal of Southern African Studies |
| Volume: | 26 |
| Issue: | 3 |
| Period: | September |
| Pages: | 463-479 |
| Language: | English |
| Geographic term: | Zimbabwe |
| Subjects: | productivity industrial production industry economic policy Economics and Trade Labor and Employment |
| External link: | https://www.jstor.org/stable/2637413 |
| Abstract: | The main goal of Zimbabwe's economic structural adjustment programme (ESAP), implemented from 1991 to 1995, was to improve living conditions through rapid and sustainable economic growth. To achieve this, the economy needed to become more competitive and productive. The present authors examine whether ESAP contributed to an increase in total factor productivity in the manufacturing sector. They first estimate indexes of total factor productivity for 31 manufacturing subsectors for the period 1980-1995. They then use econometric methods to test for the effects of trade reform and other variables related to ESAP. In general the growth rates were found to vary greatly both over time and across sectors. The overall conclusion is that the total factor productivity growth rates did not show a clear tendency to increase during the implementation of ESAP. In fact, more than half of the subsectors experienced declines in productivity during the period 1991-1995. An interesting finding was that foreign aid inflows had a strong, positive impact on productivity growth. App., notes, ref., sum. |
