This paper examines Papua New Guinea's economic growth record within a simple growth ccounting framework. The analysis shows that reductions in growth are mostly accounted for by a significant slowdown in capital inputs and lower total factor productivity growth. On average, no productivity...

A large body of evidence suggests that poor countries tend to invest less (have lower PPP - adjusted investment rates) and to face higher relative prices of investment goods. It has been suggested that this happens either because these countries have lower TFP in the investment - good producing...

A large body of evidence suggests that poor countries tend to invest less (have lower PPP adjusted investment rates) and to face higher relative prices of investment goods. It has been suggested that this happens either because these countries have lower TFP in the investment good producing...

A large body of evidence suggests that poor countries tend to invest less (have lower PPP-adjusted investment rates) and to face higher relative prices of in- vestment goods. It has been suggested that this happens either because these countries have lower TFP in the investment-good producing...