Growth and Productivity in Papua New Guinea / Ebrima Faal.

Format:

Book

Government document

Author/Creator:

Faal, Ebrima.

Series:

IMF Working Papers; Working Paper ; No. 2006/113

IMF Working Papers

Language:

English

Subjects (All):

Gross domestic product--Papua New Guinea.

Gross domestic product.

Papua New Guinea--Economic conditions.

Papua New Guinea.

Physical Description:

1 online resource (30 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2006.

Language Note:

English

Summary:

This paper has examined Papua New Guinea's historical economic growth patterns through a simple growth accounting framework. The analysis shows that swings in growth are mostly accounted for by a significant slowdown in capital input and lower Total Factor Productivity (TFP) growth. It also suggests that raising real GDP growth will require increases in both investment levels and productivity. With a ratio of investment to GDP of 13 percent during the last decade, significantly higher productivity growth and investment will be needed to sustain GDP growth rates at 5 percent or higher. The historical performance also indicates that, in the absence of structural reforms and strong institutions, higher rates of productivity growth will be hard to achieve.

Contents:

""Contents""; ""I. INTRODUCTION""; ""II. STRUCTURE OF THE ECONOMY""; ""III. TRENDS IN GDP AND PER CAPITA GDP GROWTH""; ""IV. GROWTH ACCOUNTING AND TOTAL FACTOR PRODUCTIVITY""; ""V. IMPLICATIONS FOR MEDIUM-TERM GROWTH""; ""VI. DETERMINANTS OF PRODUCTIVITY IN PAPUA NEW GUINEA""; ""VII. SUMMARY AND CONCLUSIONS""; ""CALCULATING CAPITAL STOCK""; ""REFERENCES""

Notes:

"May 2006".

Includes bibliographical references.

Description based on print version record.

ISBN:

9786613821904

9781462348800

1462348807

9781452787480

1452787484

9781282539976

1282539973

9781451909074

1451909071

OCLC:

698585648