1.

Record Nr.

UNINA9910959022503321

Autore

Ghura Dhaneshwar

Titolo

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

Pubbl/distr/stampa

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

ISBN

9786613825766

9781462394197

1462394191

9781452797564

1452797560

9781283513319

1283513315

9781451989229

1451989229

Edizione

[1st ed.]

Descrizione fisica

1 online resource (41 p.)

Collana

IMF Working Papers

Altri autori (Persone)

BhattacharyaRina

Soggetti

Petroleum - Democratic Republic of the Congo

Oil industries - Democratic Republic of the Congo

Agricultural and Natural Resource Economics

Currency

Energy: Demand and Supply

Energy: General

Environmental and Ecological Economics: General

Environmental management

Foreign Exchange

Foreign exchange

Industries: Energy

Investment & securities

Investments: Energy

Macroeconomics

Natural Resources

Natural resources

Nonrenewable Resources and Conservation: General

Oil prices

Oil sector

Oil

Petroleum industry and trade

Petroleum, oil & gas industries



Prices

Real effective exchange rates

Congo, Democratic Republic of the

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"August 2006."

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

""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""

Sommario/riassunto

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.