Labour market regulation and deregulation in Papua New Guinea

Levantis, Theodore; Fane, George

doi:10.1016/s0264-9993(97)00019-9

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A Mineral Boom and Its Effects1

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2000

2004

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Cited by 2 publications

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“…To deal with this di¡erential we assume a person can either supply 1 unit of urban labour or 1.95 units of rural labour (2.2 in the skilled case). For a full discussion refer to Levantis and Fane (1999).…”

Section: A Mineral Boom and Its Effectsmentioning

confidence: 99%

Dutch Disease and the crime epidemic: an investigation of the mineral boom in Papua New Guinea

Chand

Levantis

2000

Aus J Agri & Res Econ

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Papua New Guinea has pinned its hopes for economic development on its mineral wealth but, so far, this has been a false promise. Given Papua New Guinea's vulnerability, this raises questions of a Dutch Disease e¡ect. Dutch Disease is dismissed in principle, but an appreciating real exchange rate is considered to have important o¡setting economic consequences via its implications for crime. Using a CGE model incorporating crime as an economic activity, the contribution to welfare of a resources boom is investigated. The results con¢rm that a resources boom will deliver a net welfare bene¢t, but far smaller than the revenues generated would suggest, and at a cost to equity.

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Section: A Mineral Boom and Its Effectsmentioning

confidence: 99%