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Targeting growth in Papua New Guinea

Chand, Satish

Description

This article uses the standard neoclassical framework to compute the rate of investment necessary to achieve a sustained growth rate in per capita income of 6 per cent annually. The analysis presents three messages: the rate of productivity growth must rise if the target rate of growth is to be realised; a significant rise in investment, absent major structural changes, will entail large investments within the primary and rural non-mining sector of the economy; and higher productivity growth...[Show more]

CollectionsANU Crawford School of Public Policy
ANU Research Publications
Date published: 2006
Type: Journal article
URI: http://hdl.handle.net/1885/25080
Source: Pacific Economic Bulletin

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