Oil and Growth in the Republic of Congo / Dhaneshwar Ghura, Rina Bhattacharya.

Format:

Book

Government document

Author/Creator:

Ghura, Dhaneshwar.

Contributor:

Bhattacharya, Rina.

Series:

IMF Working Papers; Working Paper ; No. 2006/185

IMF Working Papers

Language:

English

Subjects (All):

Petroleum--Democratic Republic of the Congo.

Petroleum.

Oil industries--Democratic Republic of the Congo.

Oil industries.

Physical Description:

1 online resource (41 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2006.

Language Note:

English

Summary:

This paper investigates the linkages between oil and growth in Congo, where there appears to be no evidence of direct spillover effects. The empirical results suggest however that political instability has a negative effect on non-oil growth, and that the presence of oil could have fueled political instability by being associated with weakening institutions. The results also show that fiscal discipline is beneficial for growth. In addition, there are strong linkages between world oil prices and the real effective exchange rate, with movements in the latter having important indirect repercussions for growth.

Contents:

""Contents""; ""I. INTRODUCTION""; ""II. POLITICAL AND SECURITY SITUATION ""; ""III. ECONOMIC PERFORMANCE SINCE 1970""; ""IV. THE ROLE OF OIL IN CONGO""; ""V. NATURAL RESOURCES AND GROWTH""; ""VI. EMPIRICAL ANALYSIS OF THE DETERMINANTS OF ECONOMIC GROWTH""; ""VII. REAL EFFECTIVE EXCHANGE RATE DETERMINANTS""; ""VIII. CONCLUSIONS AND POLICY IMPLICATIONS""; ""List of Acronyms""; ""References""

Notes:

"August 2006."

Includes bibliographical references.

Description based on print version record.

ISBN:

9786613825766

9781462394197

1462394191

9781452797564

1452797560

9781283513319

1283513315

9781451989229

1451989229

OCLC:

712989250