04537oam 22011054 450 991078841050332120230828232530.01-4623-9419-11-4527-9756-01-283-51331-597866138257661-4519-8922-9(CKB)3360000000443568(EBL)3014351(SSID)ssj0000942987(PQKBManifestationID)11593655(PQKBTitleCode)TC0000942987(PQKBWorkID)10974965(PQKB)10964686(OCoLC)712989250(MiAaPQ)EBC3014351(IMF)WPIEE2006185(EXLCZ)99336000000044356820020129d2006 uf 0engur|n|---|||||txtccrOil and Growth in the Republic of Congo /Dhaneshwar Ghura, Rina BhattacharyaWashington, D.C. :International Monetary Fund,2006.1 online resource (41 p.)IMF Working Papers"August 2006."1-4518-6445-0 Includes bibliographical references.""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""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.IMF Working Papers; Working Paper ;No. 2006/185PetroleumCongo (Democratic Republic)Oil industriesCongo (Democratic Republic)Investments: EnergyimfForeign ExchangeimfMacroeconomicsimfIndustries: EnergyimfNatural ResourcesimfNonrenewable Resources and Conservation: GeneralimfEnergy: GeneralimfEnergy: Demand and SupplyimfPricesimfAgricultural and Natural Resource EconomicsimfEnvironmental and Ecological Economics: GeneralimfCurrencyimfForeign exchangeimfPetroleum, oil & gas industriesimfInvestment & securitiesimfEnvironmental managementimfReal effective exchange ratesimfOil sectorimfOilimfOil pricesimfNatural resourcesimfPetroleum industry and tradeimfCongo, Democratic Republic of theimfPetroleumOil industriesInvestments: EnergyForeign ExchangeMacroeconomicsIndustries: EnergyNatural ResourcesNonrenewable Resources and Conservation: GeneralEnergy: GeneralEnergy: Demand and SupplyPricesAgricultural and Natural Resource EconomicsEnvironmental and Ecological Economics: GeneralCurrencyForeign exchangePetroleum, oil & gas industriesInvestment & securitiesEnvironmental managementReal effective exchange ratesOil sectorOilOil pricesNatural resourcesPetroleum industry and tradeGhura Dhaneshwar1472683Bhattacharya Rina1546552DcWaIMFBOOK9910788410503321Oil and Growth in the Republic of Congo3802241UNINA