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Record Nr. |
UNINA9910785853003321 |
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Autore |
Coorey Sharmini |
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Titolo |
Oil Wealth in Central Africa : : Policies for Inclusive Growth / / Sharmini Coorey, Bernardin Akitoby |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2012 |
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ISBN |
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1-4755-7339-1 |
1-4755-4912-1 |
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Descrizione fisica |
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1 online resource (247 p.) |
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Altri autori (Persone) |
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Disciplina |
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Soggetti |
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Petroleum industry and trade - Africa, Central |
Economic development - Africa, Central |
Investments: Energy |
Macroeconomics |
Public Finance |
Taxation |
Industries: Energy |
Fiscal Policy |
Energy: General |
National Government Expenditures and Related Policies: Infrastructures |
Other Public Investment and Capital Stock |
National Government Expenditures and Related Policies: General |
Business Taxes and Subsidies |
Public finance & taxation |
Investment & securities |
Petroleum, oil & gas industries |
Environmental management |
Oil |
Fiscal stance |
Fiscal policy |
Oil, gas and mining taxes |
Public investment spending |
Commodities |
Taxes |
Expenditure |
Petroleum industry and trade |
Public investments |
Expenditures, Public |
Saving and investment |
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Africa, Central Economic policy |
Central African Republic |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references and index. |
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Nota di contenuto |
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Cover; Contents; Foreword; Acknowledgments; About the Authors; Abbreviations; Overview; PART I: MACROECONOMIC AND GROWTH CHALLENGES; 1 The CEMAC's Macroeconomic Challenges; FIGURES; Figure 1.1 CEMAC: Growth and Development Challenges, 2005-10; TABLES; TABLE 1.1 Social Indicators; Figure 1.2 Fiscal Sustainability; TABLE 1.2 Infrastructure Costs; Figure 1.3 Exchange Rate Developments, 1990-2010; BOX 1.1 Inflation in the CEMAC Area; Figure 1.4 Non-Oil GDP Growth; TABLE 1.3 CEMAC: Selected Partners' Trade Shares (Percent of total trade); Figure 1.5 Credit to the Nonfinancial Private Sector |
Figure 1.6 Investment Climate IndicatorsTABLE 1.4 Common External Tariffs: Selected Regions (Percent); Figure 1.7 Selected Regions: Intraregional Trade; TABLE 1.5 CEMAC: Millenium Development Goals, 1990 and 2009; APPENDIX TABLE 1.1 CEMAC: Selected Economic and Financial Indicators, 2005-10; 2 Improving Surveillance Across the CEMAC Region; BOX 2.1 Central African Economic and Monetary Community (CEMAC) Convergence Criteria; TABLE 2.1 CEMAC: Fiscal Convergence Criteria, 1998-2008; TABLE 2.2 Comparison of CEMAC Fiscal Indicators, 2000-08 (percent of GDP) |
TABLE 2.3 Comparison of CEMAC Fiscal Indicators, 2000-08 (percent of non-oil GDP)Figure 2.1 CEMAC Non-oil Real GDP Growth and the Fiscal Impluse, 1995-2008; Figure 2.2 External Debt and Primary Gap, 1998-2008; TABLE 2.4 CEMAC Long-Term Macroeconomic Assumptions for Applying Rules-Based Measures (Percent, unless otherwise noted); Figure 2.3 Sustainability of the Non-Oil Primary Deficit under Different Fiscal Rules, 2009-13; TABLE 2.5 CEMAC Average Sustainable Non-oil Primary Deficit Under Different Fiscal Rules, 2009-48 (percent of Non-oil GDP) |
Figure 2.4 CEMAC Sensitivity of the Sustainable Non-Oil Primary Deficit to Oil Prices Under a Permanent Income Hypothesis, 2009-13Figure 2.5 Central African Economic and Monetary Community Overall Fiscal Balance and External Current Account Balance; Figure 2.6 BEAC: Foreign Assets and Government Deposits, 1995-2008; TABLE 2.6 CEMAC: Currency Cover Ratio and Gross Official Reserves, 2000-08; 3 Determinants of Non-Oil Growth in the CFA Zone Oil-Producing Countries: How Do They Differ?; Figure 3.1 CFA Zone Countries and Select LICs: Non-Oil Growth and Development Indicators |
TABLE 3.1 Growth and Total Investment: Estimation ResultsTABLE 3.2 Growth and Total Investment Robustness Check: Estimation Results Using the REER versus the PPP Undervaluation Index; TABLE 3.3 Growth and Investment: Estimation Results When Investment Is Disaggregated into Public and Private Investment; TABLE 3.4 Impact of investment on non-oil growth; 4 CEMAC's Infrastructure Gap: Issues and Policy Options; Figure 4.1 Changes in Growth per Capita Caused by Changes in Growth Fundamentals, 1990-2005 |
Figure 4.2 Changes in Growth per Capita in CEMAC Countries Caused |
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by Infrastructure Improvements, 1999-2005 |
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Sommario/riassunto |
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Despite its vast oil wealth, central Africa still struggles to sustain strong, inclusive economic growth and to generate sufficient employment opportunities, particularly for its fast-growing youth population. Drawing on new research, Oil Wealth in Central Africa lays out the macroeconomic and growth challenges facing the region; examines oil wealth management and its implications for poverty reduction; and includes four case studies that exemplify lessons learned. |
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