Papua New Guinea and the natural resource curse

Arbeitspapier

Several empirical studies have found that when exports are concentrated in natural resources countries experience slower rates of economic growth. Various potential channels for this relationship have been identified including Dutch disease, volatility in the terms of trade, and impacts on governance. This paper explores whether Papua New Guinea (PNG), a resource rich state in the South Pacific, displays signs of suffering from the natural resource curse. The paper finds some evidence of Dutch disease in the decline of local manufacturing. This may also be exacerbated by large scale exports of liquefied natural gas (LNG) in future years. In addition, the paper finds that extractive industry governance is a pressing challenge for PNG and makes suggestions for reform in revenue management and spending.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ARTNeT Working Paper Series ; No. 128

Classification and Topics

• Classification: Wirtschaft ; Resource Booms ; Natural Resources and Domestic and International Conflicts ; Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products
• Subject: Papua New Guinea ; natural resources ; natural resource curse ; extractive industries ; Extractive Industries Transparency Initiative (EITI) ; Dutch disease ; good governance

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Avalos, Nayda ; Gonzales Stuva, Veronica ; Heal, Adam ; Iida, Kaoru ; Okazoe, Naohito
• Event: Veröffentlichung
• (who): Asia-Pacific Research and Training Network on Trade (ARTNeT)
• (where): Bangkok
• (when): 2013

Further information

• Handle: http://hdl.handle.net/10419/103851
• Last update: 10.03.2025, 11:42 AM CET