Download or read book A Macroeconomic Model of Papua New Guinea written by C. Kannapiran and published by . This book was released on 1998 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Development and Dependency written by Azeem Amarshi and published by Melbourne ; New York : Oxford University Press. This book was released on 1979 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: The political economy of Papua New Guinea.

Download or read book Exchange Rate and Macro economic Policy in Independent Papua New Guinea written by Ross Garnaut and published by . This book was released on 1984 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Effects of COVID 19 and other shocks on Papua New Guinea s food economy A multi market simulation analysis written by Diao, Xinshen and published by Intl Food Policy Res Inst. This book was released on 2021-02-19 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding how the Papua New Guinea (PNG) agricultural economy and associated household consumption is affected by climate, market and other shocks requires attention to linkages and substitution effects across various products and the markets in which they are traded. In this study, we use a multi-market simulation model of the PNG food economy that explicitly includes production, consumption, external trade and prices of key agricultural commodities to quantify the likely impacts of a set of potential shocks on household welfare and food security in PNG. In this study, we use a multi-market simulation model of the PNG food economy that explicitly includes production, consumption, external trade and prices of key agricultural commodities to quantify the likely impacts of a set of potential shocks on household welfare and food security in PNG. We have built the model to be flexible in order to explore different potential scenarios and then identify where and how households are most affected by an unexpected shock. The model is designed using region and country-level data sources that inform the structure of the PNG food economy, allowing for a data-driven evaluation of potential impacts on agricultural production, food prices, and food consumption. Thus, as PNG confronts different unexpected challenges within its agricultural economy, the model presented in this paper can be adapted to evaluate the potential impact and necessary response by geographic region of an unexpected economic shock on the food economy of the country. We present ten simulations modeling the effects of various shocks on PNG’s economy. The first group of scenarios consider the effects of shocks to production of specific agricultural commodities including: 1) a decrease on maize and sorghum output due to Fall Armyworm; 2) reduction in pig production due to a potential outbreak of African Swine Fever; 3) decline in sweet potato production similar to the 2015/16 El Niño Southern Oscillation (ENSO) climate shock; and 4) a decline in poultry production due to COVID-19 restrictions on domestic mobility and trade. A synopsis of this report, which focuses on the COVID-19 related shocks on the PNG economy is also available online (Diao et al., 2020).1 The second group of simulations focus on COVID-19-related changes in international prices, increased marketing costs in international and domestic trade, and reductions in urban incomes. We simulate a 1) 30 percent increase in the price of imported rice, 2) a 30 percent decrease in world prices for major PNG agricultural exports, 3) higher trade transaction costs due to restrictions on the movement of people (traders) and goods given social distancing measures of COVID-19, and 4) potential economic recession causing urban household income to fall by 10 percent. Finally, the last simulation considers the combined effect of all COVID-19 related shocks combining the above scenarios into a single simulation. A key result of the analysis is that urban households, especially the urban poor, are particularly vulnerable to shocks related to the Covid-19 pandemic. Lower economic activity in urban areas (assumed to reduce urban non-agricultural incomes by 10 percent), increases in marketing costs due to domestic trade disruptions, and 30 percent higher imported rice prices combine to lower urban incomes by almost 15 percent for both poor and non-poor urban households. Urban poor households, however, suffer the largest drop in calorie consumption - 19.8 percent, compared to a 15.8 percent decline for urban non-poor households. Rural households are much less affected by the Covid-19 related shocks modeled in these simulations. Rural household incomes, affected mainly by reduced urban demand and market disruptions, fall by only about four percent. Nonetheless, calorie consumption for the rural poor and non-poor falls by 5.5 and 4.2 percent, respectively.

Download or read book Effects of COVID 19 on Papua New Guinea s food economy A multi market simulation analysis written by Diao, Xinshen and published by Intl Food Policy Res Inst. This book was released on 2020-12-04 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developments in the agricultural economy of Papua New Guinea have major impacts on household food consumption decisions. A household’s ability to produce and sell food is affected by climate and associated agricultural potential, market opportunities (domestic, import and export) and unexpected shocks. Each of these factors affects the overall food system, thereby influencing production and consumption of all food products and the markets in which they are traded. The COVID-19 pandemic has presented a challenge far more complex than an agricultural production shock, such as those due to El Niño or pests. Rather than directly affecting agricultural output and rural household welfare, the COVID-19 pandemic has affected economies across the globe via trade disruptions (logistic challenges; international trade barriers), social distancing policies (domestic food market and nonessential business closures), and transportation restrictions (road closures; air travel cancellations). The measures aimed to curb the spread of COVID-19 have affected household incomes via urban job losses, reduced market interaction, and dramatic changes in world food prices. While rice prices have increased, luxury food prices, such as for chocolate (i.e. cocoa), have decreased. PNG’s unique and highly varied biophysical landscape has shaped agricultural production patterns, outcomes, and livelihoods for centuries. Understanding how the PNG agrifood economy and resulting household consumption is affected by COVID-19 therefore requires attention to linkages and substitution effects across various products and the markets in which they are traded.

Download or read book An Economy wide Model of Papua New Guinea written by and published by . This book was released on 1991 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Economic Policies written by Papua New Guinea and published by . This book was released on 1990 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Macroeconomic Effects of Natural Resource Extraction written by Mr.Suman S Basu and published by International Monetary Fund. This book was released on 2013-05-31 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: To investigate the effects on Papua New Guinea’s economy of substantial liquified natural gas revenues arriving in 2015, we employ a model to examine the macroeconomic effects of a scalingup of natural resource windfall revenues and the implications for a variety of policy responses. The model is a multi-sector dynamic stochastic general equilibrium (DSGE) model, and features components that allow for a detailed study of the effects of both fiscal and monetary policy in response to a positive shock to the mineral resource value of a country. The model contains tradable, non-tradable, and mining sectors, as well as an independent central bank and fiscal authority. We calibrate the model to the current economy of Papua New Guinea and run a suite of policy simulations. We find that macroeconomic effects from a resource boom typically associated with Dutch Disease effects such as a real appreciation and a fall in tradable sector production stem largely from the non-tradable component of government spending. The central bank can offset the real appreciation, but not without crowding out the private sector. A sovereign wealth fund (SWF), combined with a smooth capital spending path, entails the best means of dealing with macroeconomic volatility and maintaining a stable fiscal regime.

Download or read book Papua New Guinea written by Stephen Howes and published by ANU Press. This book was released on 2022-03-15 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: Papua New Guinea (PNG), a nation of now almost nine million people, continues to evolve and adapt. While there is no shortage of recent data and research on PNG, the two most recent social science volumes on the country were both written more than a decade ago. Since then, much has changed and much has been learnt. What has been missing is a volume that brings together the most recent research and reports on the most recent data. Papua New Guinea: Government, Economy and Society fills that gap. Written by experts at the University of Papua New Guinea and The Australian National University among others, this book provides up-to-date surveys of critical policy issues for PNG across a range of fields, from elections and politics, decentralisation, and crime and corruption, to PNG’s economic trajectory and household living standards, to uneven development, communication and the media. The volume’s authors provide an overview of the data collected and research undertaken in these various fields in an engaging and accessible way. Edited by Professor Stephen Howes and Professor Lekshmi N. Pillai, Papua New Guinea: Government, Economy and Society is a must-read for students, policymakers and anyone interested in understanding this complex and fascinating country.

Download or read book Growth and Productivity in Papua New Guinea written by Ebrima Faal and published by International Monetary Fund. This book was released on 2006-05 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Macroeconomic Situation Prospects and Policy in Papua New Guinea written by James Guest and published by . This book was released on 1987 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The General Equilibrium Model of Papua New Guinea written by Berhanu Woldekidan and published by . This book was released on 1993 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: General equilibrium model of Papua New Guinea designed to accommodate economic analyses of the consequences of changes in both domestic and international economic conditions. Designed for government and business use. Includes references. The author is a research associate with the National Centre for Development Studies at the Australian National University.

Download or read book The Economy of Papua New Guinea written by Economic Insights and published by . This book was released on 2000 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Given the openness of the PNG economy, the primary focus of macro-economic management has been external stability, as measured by a prudent level of external reserves, a sustainable balance of payments and a relatively stable exchange rate. It was recognized that fiscal deficits would fuel import demand and place the balance of payments under pressure.

Download or read book A Simulation Model for Long term Policy Formation in Papua New Guinea written by Andrew Elek and published by . This book was released on 1976 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Papua New Guinea Selected Issues and Statistical Appendix written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2008-03-12 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the workings and effectiveness of the monetary transmission mechanism in Papua New Guinea. The paper is organized as follows: it describes the current institutional structure in Papua New Guinea; interest rate is discussed; the evidence from vector autoregression analysis on the relationship between monetary policy variables and output and prices is considered; finally, implications are included. The Bank of Papua New Guinea (BPNG) uses a reserve money framework to conduct monetary policy operations. A macroeconomic balance approach estimates the REER, which simultaneously achieves internal and external balance.

Download or read book An Analysis of Papua New Guinea s Medium Term Strategy for Sustainable Growth written by John Asafu-Adjaye and published by Research School of Pacific Studies Australian National Univ. This book was released on 1993 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Study analysing the 1993 budgetary strategy of the Papua New Guinean government using a statistical model simulation. Examines the possible impact of a strategy designed to combat structural problems in the Papua New Guinea economy. The author is a lecturer in environmental economics at the University of Queensland.

Download or read book Papua New Guinea s Macroeconomic Policy written by H. G. Mannur and published by . This book was released on 1983* with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: