European Parliament Library

Growth and Productivity in Papua New Guinea, Ebrima Faal

Abstract
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
Table Of 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""
Language
eng
Literary Form
non fiction
Note
"May 2006"
Physical Description
1 online resource (30 p.)
Form Of Item
online
Isbn
9786613821904

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