Targeting growth in Papua New Guinea
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]
|Collections||ANU Crawford School of Public Policy|
ANU Research Publications
|Source:||Pacific Economic Bulletin|
|PEB21-2Chand.pdf||Published version||65.26 kB||Adobe PDF|
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