Analysis of Contribution of Total Factor Productivity in Apparel Sector with Special Reference to Sri Lanka
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Date
2011
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Publisher
Uva Wellassa University of Srilanka
Abstract
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Productivity is useful as a relative measure of actual output of production compared to the actual input of resources, measured across time or against common entities. The econometric terminology for the productivity can be identified as Total Factor Productivity (TFP). TFP is the output growth which is not explained by the input variables (capital (K) and labor (L)). Being the single largest employer in the manufacturing sector, the apparel industry provides a momentous contribution to the economy of Sri Lanka.
This study aimed to find out whether the influence of TFP on the production of apparel sector in Sri Lanka and to identify the contribution of production factors to TFP of the production and to identify the determinants of TFP in the apparel sector in Sri Lanka.
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Keywords
Entrepreneurship, Business Management, Management