Economy, Business And Markets
0

Iran’s Total-Factor Productivity Near Zero

TFP increased by 0.1% while GDP saw a rise of 2.5% during 2005-17
Iran’s Total-Factor  Productivity Near ZeroIran’s Total-Factor  Productivity Near Zero

Iran’s annual total-factor productivity index during the fiscal 2005-6 to 2016-17 hovered around zero, suggesting the neutral role played by productivity in the country’s economic growth. 
This is while, according to the objectives of the fourth and fifth five-year development plans (2006-11 and 2011-16 respectively), productivity should have accounted for 31.3% and 33.3% of economic growth in those years.  
One of several types of productivity measured in the latest report by the National Iranian Productivity Organization, such as workforce productivity increased by 3.4% (using the Iranian year to March 2012 as the base year) during the Fourth Plan. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com