Growth and productivity in Papua New Guinea
By: prepared by Ebrima Faal.
Contributors: International Monetary Fund. Asia and Pacific Dept.
Series: IMF working paper -- WP/06/113
Publisher: International Monetary Fund, Asia and Pacific Dept.
Published: 2006
Place of publication: [Washington, D.C.]
Language: eng
Number of pages: 28
Subjects: Capital productivity -- Papua New Guinea -- Econometric models.; Gross domestic product -- Papua New Guinea -- Econometric models.
Description: 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.
Notes: "May 2006."

Includes bibliographical references (p. 27-28).

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