Growth and Productivity in Papua New Guinea

 
Author/Editor: Faal, Ebrima
 
Publication Date: May 01, 2006
 
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
 
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.
 
Series: Working Paper No. 06/113
Subject(s): Gross domestic product | Papua New Guinea | Economic growth | Productivity | Investment | Structural adjustment | Business cycles

Author's Keyword(s): GDP Growth | total factor productivity | Papua New Guinea
 
English
Publication Date: May 01, 2006
ISBN/ISSN: 0 / 1934-7073 Format: Paper
Stock No: WPIEA2006113 Pages: 30
Price:
US$15.00 (Academic Rate:
US$15.00 )
 
 
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