Investor Presentaiton
Background and Introduction
Papua New Guinea (PNG) is the largest country and economy in the Pacific, representing 80% of the
Pacific's economy and population.
▸ PNG's economy is expected to grow by 4.0 per cent in 2023, with non-resources and resources growth at
4.6 per cent and 2.0 per cent respectively.
With the expansion of their mineral and energy exports from the last decade, they are expected to
experience significant growth in total export values in coming years.
There is a long historical background on the theories supporting the connections between trade and
economic growth. (Romer, 1986; Lucas, 1988; Solow, 1994) all supported the theory that openness to
trade propelled economic growth.
▸ The question that we attempt to answer is whether PNG can take advantage of their trade potential as
they enter post-COVID with a promising mineral and energy sector. Using an augmented Gravity Model
with OLS we attempt to investigate PNG's trade potential between 31 countries using cross section data.View entire presentation