International Journal of Applied Research
Vol. 5, Issue 10, Part A (2019)
Technology and total factor productivity (TFP) policy recommendations for economic growth in developing world
Kasun D Ramanayake RA
In this paper discusses technological policy recommendations for economic growth in developing countries. For that this study introduces “Policy recommendations”. It includes new exogenous growth recommendations and especially discuss recommendations for increasing TFP (Total Factor Productivity), Production Analysis recommendations, Macroeconomic recommendation and government policy recommendations, Technological policy recommendations and the new paradigms of technological policies. Moreover, this paper suggested some new research paradigms for the benefit of future researchers. This recommendations effect to increase the income level of households, job opportunities, and rises the aggregate productivity in the economy. In addition, productivity growth results in cost reduction of the key production in the economy, increasing the household purchasing power of poor employees and in helping the poor households to experience a better lifestyle in the society. In conclusion of this paper illustrates, global economic productivity growth reduces the poverty in the developing world, therefore the world must systematically work together in these policies in future.
How to cite this article:
Kasun D Ramanayake RA. Technology and total factor productivity (TFP) policy recommendations for economic growth in developing world. International Journal of Applied Research. 2019; 5(10): 31-34.