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Accounting for Total Factor Productivity Growth in Iraq Economy by using SOLOW`s Developed Model | ||
| wasit journal for humanities | ||
| Article 1, Volume 11, Issue 0, 2015, Pages 9-42 | ||
| Abstract | ||
| The research aims to study specific factors of total productivity growth in Iraqi economics for (1980-2014), analysis of relation between growth rates for all of physical and human capital, and between total factor productivity (TFP) according to Solo Developer. The researcher has used integrated methodology of growth rates in all of physical and human capital (weighted share for each one of them in production) to know possibility of achieving the growth a long-term, then merge them to structure of production relation (production function), and take into consideration possibility of substitution through rate of technical substitution, from physical capital to human capital (K/H) According to hypotheses of neoclassical approach, and methods of factor calculation according to requirements of modern Applied Studies. The research concluded from the basic hypotheses that is total factor productivity in Iraqi economics was (1.189%) which is very close to rates in the advanced countries, and greatest than rates in developing countries. specially the oil countries which their economics similar of Iraqi economics. This rise of averages cannot be justified through technical progress or innovations, but it’s through other determinants that overtaking capital and labor, which is like the oil revenues that come in the forefront of those the determinants during study time. The research also concluded that growth rates in all of physical and human capital which is different from growth rate of the gross domestic product, so contribution rate differed in the total factor productivity. It also concluded that growth rates in all of physical and human capital which is different from growth rate of the gross domestic product, so it's differed contribution in the total factor productivity, wherever it share of human capital in total factor productivity (TFP) is (48.82%) which was the greatest share of it, and growth rate was (3.176%). While share of human capital in the (TFP) total factor productivity was less than from it which is (28.73%), and growth rate is (8.19%) which it is greatest from growth rate in the gross production that was (5.297%). These rates values of total productivity in Iraqi economics have shown that the human capital is greater from physical capital. | ||
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