Targeting growth in Papua New Guinea

Satish Chand

    Research output: Contribution to journalArticle

    Abstract

    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 will ease the need for very large increases in investment.
    Original languageEnglish
    Pages (from-to)155-161
    JournalPacific Economic Bulletin
    Volume21
    Issue number2
    Publication statusPublished - 2006

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