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Growth and productivity in Papua New Guinea /
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 sug...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
©2006.
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| Colección: | IMF working paper ;
WP/06/113. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | 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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| Descripción Física: | 1 online resource (37 pages) |
| Bibliografía: | Includes bibliographical references. |
| ISBN: | 1282539973 9781282539976 9781451909074 1451909071 1462348807 9781462348800 1452787484 9781452787480 9786613821904 661382190X |
| ISSN: | 2227-8885 ; |