| Description |
1 online resource (39 pages) |
| Series |
IMF working paper ; WP/06/185 |
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IMF working paper ; WP/06/185.
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| 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 |
| 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 |
| Bibliography |
Includes bibliographical references |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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Print version record |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
| Subject |
Petroleum -- Congo (Democratic Republic)
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Oil industries -- Congo (Democratic Republic)
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Oil industries
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Petroleum
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Congo (Democratic Republic)
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| Form |
Electronic book
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| Author |
Ghura, Dhaneshwar, author.
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| ISBN |
1283513315 |
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9781283513319 |
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