AGGREGATE FACTOR PRODUCTIVITY AS AN INDICATOR OF THE EFFICIENCY OF TAJIK ENTERPRISE PRODUCTION

Ilhomjon Qodirov

Authors

 

Solehzoda A.A. – Candidate of Economic Sciences, Assistant to the President of the Republic of Tajikistan for Economic Affairs

Imomyorbekov F.M. – Applicant, Tajik National University

 

Annotation

 

 The questions of the essence and content of the aggregate factor productivity are considered, the results of calculating the contribution of capital and labor as a quantitative and qualitative indicator – the aggregate factor productivity in the GDP growth of the Republic of Tajikistan – are presented. It is forecasted to achieve a sustainable level of capital-labor ratio and the necessary volume of foreign direct investment inflow into the economy of Tajikistan for 2016-2020. The contribution of aggregate factor productivity to the economic growth of Tajikistan and the rational level of capital-labor ratio per employee are revealed.

 

Key words

 

  cumulative factor productivity, open economy, Cobb-Douglas production function, scale effect, Solow model, investment forecast, capital-labor ratio.

 

References

 

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Publicaton date

2023-10-25