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Record Nr. |
UNINA9910819872903321 |
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Autore |
Faal Ebrima |
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Titolo |
Growth and Productivity in Papua New Guinea / / Ebrima Faal |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2006 |
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ISBN |
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1-4623-4880-7 |
1-4527-8748-4 |
1-282-53997-3 |
1-4519-0907-1 |
9786613821904 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (30 p.) |
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Collana |
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Soggetti |
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Gross domestic product - Papua New Guinea |
Accounting |
Capacity |
Capital and Total Factor Productivity |
Cost |
Economic development |
Economic growth |
Economic theory |
Growth accounting |
Income economics |
Industrial productivity |
Labor economics |
Labor Economics: General |
Labor |
Labour |
Macroeconomics |
Macroeconomics: Production |
Production and Operations Management |
Production growth |
Production |
Productivity |
Total factor productivity |
Papua New Guinea Economic conditions |
Papua New Guinea |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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""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"" |
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Sommario/riassunto |
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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. |
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