The current study has attempted to measure the total factor productivity at sectoral level. For this, the stock of capital series which was constructed by Kemal and Ahmad (1992) has been extended till 2013. The Solow residual has been calculated through growth accounting framework. The sectoral TFP is tested against the macroeconomic variables, such as human capital, openness of the economy, transfer of technology, financial development and development expenditure by the government. Using the ARDL methodology, it has been found that agriculture sector has the potential to grow provided there...