01778cas a2200241 a 4500 AALejournalIMF004093 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451863734 1018-5941 BD-DhAAL BD-DhAAL Faal, Ebrima. Growth and Productivity in Papua New Guinea / Ebrima Faal. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (30 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2006/113 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/113/001.2006.issue-113-en.xml IMF e-Library