Table 5.
Shares of the factors of production in economic growth in Egypt between 1991 and 2019 (figures are %).
| Period | Total GDP Growth | Share of Labor | Share of Capital | Share of TFP | Share of HC | Summation of Shares | Returns to Scale |
|---|---|---|---|---|---|---|---|
|
1991 to 2000 First Generation of Reform |
49.5 | −56.3 | 69.3 | 8.9 | 31.2 | 53.2 | 0.93 |
|
2001 to 2010 Second and Third Generations of Reform |
49.4 | −60.0 | 54.8 | 12.2 | 43.9 | 50.9 | 0.97 |
|
2011 to 2019 Fourth Generation of Reform |
37.9 | −49.1 | 25.2 | 20.1 | 39.1 | 35.3 | 1.07 |
Source: Authors' calculations.