Abstract

Average total factor productivity growth (TFPG) for the Philippine economy is negative, indicating that it has not been the source of growth in the Philippines. However, TFPG estimates showed an increasing trend in the 1990s when major economic reforms were implemented. The educational level of the labor force has improved consistently since the 1960s. However, based on the decomposition analysis the paper finds that its contribution to TFPG has declined.

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