02782nam 2200577Ia 450 991081987290332120200520144314.01-4623-4880-71-4527-8748-41-282-53997-31-4519-0907-19786613821904(CKB)3360000000443228(EBL)3014389(SSID)ssj0000941201(PQKBManifestationID)11545406(PQKBTitleCode)TC0000941201(PQKBWorkID)10964075(PQKB)10127492(OCoLC)698585648(MiAaPQ)EBC3014389(IMF)WPIEE2006113(EXLCZ)99336000000044322820060502d2006 uf 0engurcnu||||||||txtccrGrowth and productivity in Papua New Guinea /prepared by Ebrima Faal1st ed.[Washington, D.C.] International Monetary Fundc20061 online resource (30 p.)IMF working paper ;WP/06/113"May 2006".1-4518-6373-X Includes bibliographical references.""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""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.IMF working paper ;WP/06/113.Gross domestic productPapua New GuineaPapua New GuineaEconomic conditionsGross domestic productFaal Ebrima1631999MiAaPQMiAaPQMiAaPQBOOK9910819872903321Growth and Productivity in Papua New Guinea3970894UNINA