Papua New Guinea Economic Update, September 2022: Benefiting From High Commodity Prices
The Special Focus for this issue is on long-term growth, emphasizing the challenges PNG is facing. The chapter identifies the underlying challenges of low and volatile growth in the country and aims at starting a public discussion to better understand the problems and, thus, contribute to finding so...
Gespeichert in:
| Körperschaft: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2022
|
| Schriftenreihe: | Other papers
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | The Special Focus for this issue is on long-term growth, emphasizing the challenges PNG is facing. The chapter identifies the underlying challenges of low and volatile growth in the country and aims at starting a public discussion to better understand the problems and, thus, contribute to finding solutions. The modest headline economic growth in PNG has translated into meager per capita income growth in the past four decades. While the economy expanded by 3.2 percent on average during 1980-2021, per capita GDP recorded an average annual growth rate of only 0.9 percent. The gap in per capita income level compared to peer countries has typically widened. Despite being at a similar level of development in the 1970s and some progress gained in the early 1990s, PNG's income level is diverging away from the EAP region. This calls for a renewed policy focus on boosting economic growth. A new growth strategy would need to address the three interrelated growth challenges that the economy is facing: (i) excessive macroeconomic volatility; (ii) low productivity growth; and (iii) excessive reliance on natural capital and not enough on human and institutional capital |
| Beschreibung: | 1 Online-Ressource |
| DOI: | 10.1596/38026 |
Internformat
MARC
| LEADER | 00000nmm a22000001c 4500 | ||
|---|---|---|---|
| 001 | BV049079821 | ||
| 003 | DE-604 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 230731s2022 xxu|||| o||u| ||||||eng d | ||
| 024 | 7 | |a 10.1596/38026 |2 doi | |
| 035 | |a (ZDB-1-WBA)082392714 | ||
| 035 | |a (OCoLC)1392140263 | ||
| 035 | |a (DE-599)KEP082392714 | ||
| 040 | |a DE-604 |b ger |e rda | ||
| 041 | 0 | |a eng | |
| 044 | |a xxu |c XD-US | ||
| 049 | |a DE-12 |a DE-521 |a DE-573 |a DE-523 |a DE-Re13 |a DE-19 |a DE-355 |a DE-703 |a DE-91 |a DE-706 |a DE-29 |a DE-M347 |a DE-473 |a DE-824 |a DE-20 |a DE-739 |a DE-1043 |a DE-863 |a DE-862 | ||
| 110 | 2 | |a World Bank Group |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Papua New Guinea Economic Update, September 2022 |b Benefiting From High Commodity Prices |
| 264 | 1 | |a Washington, D.C |b The World Bank |c 2022 | |
| 300 | |a 1 Online-Ressource | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 490 | 0 | |a Other papers | |
| 520 | 3 | |a The Special Focus for this issue is on long-term growth, emphasizing the challenges PNG is facing. The chapter identifies the underlying challenges of low and volatile growth in the country and aims at starting a public discussion to better understand the problems and, thus, contribute to finding solutions. The modest headline economic growth in PNG has translated into meager per capita income growth in the past four decades. While the economy expanded by 3.2 percent on average during 1980-2021, per capita GDP recorded an average annual growth rate of only 0.9 percent. The gap in per capita income level compared to peer countries has typically widened. Despite being at a similar level of development in the 1970s and some progress gained in the early 1990s, PNG's income level is diverging away from the EAP region. This calls for a renewed policy focus on boosting economic growth. A new growth strategy would need to address the three interrelated growth challenges that the economy is facing: (i) excessive macroeconomic volatility; (ii) low productivity growth; and (iii) excessive reliance on natural capital and not enough on human and institutional capital | |
| 650 | 4 | |a Economic Development | |
| 650 | 4 | |a Economic Forecasting | |
| 650 | 4 | |a Economic Growth | |
| 650 | 4 | |a Economic Insecurity | |
| 650 | 4 | |a Fiscal and Monetary Policy | |
| 650 | 4 | |a Human Capital | |
| 650 | 4 | |a Macroeconomics and Economic Growth | |
| 650 | 4 | |a Monetary Policy | |
| 650 | 4 | |a Per Capita Income | |
| 856 | 4 | 0 | |u https://doi.org/10.1596/38026 |x Verlag |z kostenfrei |3 Volltext |
| 912 | |a ZDB-1-WBA | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-034341712 | |
Datensatz im Suchindex
| _version_ | 1812671834714275840 |
|---|---|
| adam_text | |
| adam_txt | |
| any_adam_object | |
| any_adam_object_boolean | |
| author_corporate | World Bank Group |
| author_corporate_role | aut |
| author_facet | World Bank Group |
| author_sort | World Bank Group |
| building | Verbundindex |
| bvnumber | BV049079821 |
| collection | ZDB-1-WBA |
| ctrlnum | (ZDB-1-WBA)082392714 (OCoLC)1392140263 (DE-599)KEP082392714 |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| doi_str_mv | 10.1596/38026 |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nmm a22000001c 4500</leader><controlfield tag="001">BV049079821</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">230731s2022 xxu|||| o||u| ||||||eng d</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1596/38026</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-1-WBA)082392714</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1392140263</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)KEP082392714</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">xxu</subfield><subfield code="c">XD-US</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-12</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-523</subfield><subfield code="a">DE-Re13</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-91</subfield><subfield code="a">DE-706</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-M347</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-824</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-1043</subfield><subfield code="a">DE-863</subfield><subfield code="a">DE-862</subfield></datafield><datafield tag="110" ind1="2" ind2=" "><subfield code="a">World Bank Group</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Papua New Guinea Economic Update, September 2022</subfield><subfield code="b">Benefiting From High Commodity Prices</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, D.C</subfield><subfield code="b">The World Bank</subfield><subfield code="c">2022</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">Other papers</subfield></datafield><datafield tag="520" ind1="3" ind2=" "><subfield code="a">The Special Focus for this issue is on long-term growth, emphasizing the challenges PNG is facing. The chapter identifies the underlying challenges of low and volatile growth in the country and aims at starting a public discussion to better understand the problems and, thus, contribute to finding solutions. The modest headline economic growth in PNG has translated into meager per capita income growth in the past four decades. While the economy expanded by 3.2 percent on average during 1980-2021, per capita GDP recorded an average annual growth rate of only 0.9 percent. The gap in per capita income level compared to peer countries has typically widened. Despite being at a similar level of development in the 1970s and some progress gained in the early 1990s, PNG's income level is diverging away from the EAP region. This calls for a renewed policy focus on boosting economic growth. A new growth strategy would need to address the three interrelated growth challenges that the economy is facing: (i) excessive macroeconomic volatility; (ii) low productivity growth; and (iii) excessive reliance on natural capital and not enough on human and institutional capital</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Economic Development</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Economic Forecasting</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Economic Growth</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Economic Insecurity</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Fiscal and Monetary Policy</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Human Capital</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Macroeconomics and Economic Growth</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Monetary Policy</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Per Capita Income</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://doi.org/10.1596/38026</subfield><subfield code="x">Verlag</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-1-WBA</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-034341712</subfield></datafield></record></collection> |
| id | DE-604.BV049079821 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T22:27:56Z |
| indexdate | 2024-10-12T04:02:52Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-034341712 |
| oclc_num | 1392140263 |
| open_access_boolean | 1 |
| owner | DE-12 DE-521 DE-573 DE-523 DE-Re13 DE-BY-UBR DE-19 DE-BY-UBM DE-355 DE-BY-UBR DE-703 DE-91 DE-BY-TUM DE-706 DE-29 DE-M347 DE-473 DE-BY-UBG DE-824 DE-20 DE-739 DE-1043 DE-863 DE-BY-FWS DE-862 DE-BY-FWS |
| owner_facet | DE-12 DE-521 DE-573 DE-523 DE-Re13 DE-BY-UBR DE-19 DE-BY-UBM DE-355 DE-BY-UBR DE-703 DE-91 DE-BY-TUM DE-706 DE-29 DE-M347 DE-473 DE-BY-UBG DE-824 DE-20 DE-739 DE-1043 DE-863 DE-BY-FWS DE-862 DE-BY-FWS |
| physical | 1 Online-Ressource |
| psigel | ZDB-1-WBA |
| publishDate | 2022 |
| publishDateSearch | 2022 |
| publishDateSort | 2022 |
| publisher | The World Bank |
| record_format | marc |
| series2 | Other papers |
| spellingShingle | Papua New Guinea Economic Update, September 2022 Benefiting From High Commodity Prices Economic Development Economic Forecasting Economic Growth Economic Insecurity Fiscal and Monetary Policy Human Capital Macroeconomics and Economic Growth Monetary Policy Per Capita Income |
| title | Papua New Guinea Economic Update, September 2022 Benefiting From High Commodity Prices |
| title_auth | Papua New Guinea Economic Update, September 2022 Benefiting From High Commodity Prices |
| title_exact_search | Papua New Guinea Economic Update, September 2022 Benefiting From High Commodity Prices |
| title_exact_search_txtP | Papua New Guinea Economic Update, September 2022 Benefiting From High Commodity Prices |
| title_full | Papua New Guinea Economic Update, September 2022 Benefiting From High Commodity Prices |
| title_fullStr | Papua New Guinea Economic Update, September 2022 Benefiting From High Commodity Prices |
| title_full_unstemmed | Papua New Guinea Economic Update, September 2022 Benefiting From High Commodity Prices |
| title_short | Papua New Guinea Economic Update, September 2022 |
| title_sort | papua new guinea economic update september 2022 benefiting from high commodity prices |
| title_sub | Benefiting From High Commodity Prices |
| topic | Economic Development Economic Forecasting Economic Growth Economic Insecurity Fiscal and Monetary Policy Human Capital Macroeconomics and Economic Growth Monetary Policy Per Capita Income |
| topic_facet | Economic Development Economic Forecasting Economic Growth Economic Insecurity Fiscal and Monetary Policy Human Capital Macroeconomics and Economic Growth Monetary Policy Per Capita Income |
| url | https://doi.org/10.1596/38026 |
| work_keys_str_mv | AT worldbankgroup papuanewguineaeconomicupdateseptember2022benefitingfromhighcommodityprices |