02763nam 2200601Ia 450 991082608790332120200520144314.01-4623-9419-11-4527-9756-01-283-51331-597866138257661-4519-8922-9(CKB)3360000000443568(EBL)3014351(SSID)ssj0000942987(PQKBManifestationID)11593655(PQKBTitleCode)TC0000942987(PQKBWorkID)10974965(PQKB)10964686(OCoLC)712989250(IMF)WPIEE2006185(MiAaPQ)EBC3014351(EXLCZ)99336000000044356820061003d2006 uf 0engur|n|---|||||txtccrOil and growth in the Republic of Congo /prepared by Rina Bhattacharya and Dhaneshwar Ghura1st ed.[Washington, D.C.] International Monetary Fund20061 online resource (41 p.)IMF working paper ;WP/06/185"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 paper ;WP/06/185.PetroleumCongo (Democratic Republic)Oil industriesCongo (Democratic Republic)PetroleumOil industriesBhattacharya Rina1644489Ghura Dhaneshwar1644488MiAaPQMiAaPQMiAaPQBOOK9910826087903321Oil and Growth in the Republic of Congo3990372UNINA