Resources Booms and Macroeconomic Adjustments in Developing Countries

Contents

List of Tables

List of Figures

Abbreviations and Acronyms

Preface

Acknowledgments

Map of Papua New Guinea

1 Introduction

1.1 Purpose and Scope of the Study

1.2 Statement of the Problem

1.3 Organisation of the Study

2 Resources Boom and Macroeconomic Adjustment: A Survey

2.1 Introduction

2.2 An Overview of Booming Sector Economics

2.3 The Core Model of ‘Dutch Disease’

2.4 Limitations and Extensions of the Core Dutch Disease Model

2.5 The Theory of Construction Boom

2.6 Summary and Conclusion

3 An Overview of the Papua New Guinea Economy

3.1 Introduction

3.2 Political Background

3.3 Economic Performance

3.4 Structure of the Economy

3.5 Labour Market

3.6 Public Sector

3.7 Financial Sector

3.8 Foreign Trade

3.9 Macroeconomic Policies