Productivity Trends in the Manufacturing Industries

Abstract

This paper attempts to provide empirical evidence on inter-industry differentials in productivity levels and their growth rates, and the distribution of productivity gains among the principal factors of production" i.e. labour and capital. Hardy any work has been done in Pakistan on providing a satisfactory quantitative measure of productive efficiency of the factors of production in the manufacturing industries. A study of this kind should be important not only from the economic but also from the social point of view because an optimal distribution of total ,gains in productivity is basically an empirical question and can not be discussed in general terms.