EXPLORING THE EFFECT OF TOTAL FACTOR PRODUCTIVITY GROWTH ON FUTURE OUTPUT GROWTH - Evidence from a Panel of East Asian Countries‪.‬

Byline: HAFIZ KHALIL AHMAD, MUHAMMAD ILYAS,TAHIR MAHMOOD and MUHAMMAD AFZAL* Abstract. Total factor productivity (TFP) has gained increased importance as it has been helpful in accelerating the rate of economic growth in developed countries. The East Asian Countries (EACs) have also followed the developed countries. There has been a debate among growth economists whether the unprecedented growth of these countries has been factor-driven or productivitydriven.