Targeting growth in Papua New Guinea
نویسنده
چکیده
Pacific Economic Bulletin Volume 21 Number 2 2006 © Asia Pacific Press 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. Satish Chand is Associate Professor and Director of the Pacific Policy Project at the Crawford School of Economics and Government at The Australian National University. Targeting growth in Papua New Guinea
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