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 Congo3990372UNINA02896nam 2200613Ia 450 991082897410332120200520144314.01-4623-5476-91-4527-0365-51-4518-7260-797866128432801-282-84328-1(CKB)3170000000055268(EBL)1608300(SSID)ssj0000940802(PQKBManifestationID)11502822(PQKBTitleCode)TC0000940802(PQKBWorkID)10955829(PQKB)10698910(OCoLC)645515702(IMF)WPIEE2009113(MiAaPQ)EBC1608300(EXLCZ)99317000000005526820041202d2009 uf 0engurcnu||||||||txtccrFinancial deepening in the CFA Franc zone the role of institutions /prepared by Raju Jan Singh, Kangni Kpodar, and Dhaneshwar Ghura1st ed.[Washington D.C.] International Monetary Fund20091 online resource (19 p.)IMF working paper ;WP/09/113Description based upon print version of record.1-4519-1690-6 Includes bibliographical references.Contents; I. Introduction; II. Recent Developments; III. Theoretical Background and Review of the Literature; IV. Empirical Analysis; A. Data; B. Methodology and Main Results; V. Summary and Conclusions; ReferencesDuring the 1980s and early 1990s many Sub-Saharan African (SSA) countries undertook reforms to promote financial sector deepening. Nevertheless, financial sectors in SSA countries remain among the shallowest in the world and, within Sub-Saharan Africa, financial depth in the CFA franc zone is even more limited. This paper sets out to investigate empirically factors that may explain why financial depth in the CFA franc zone is shallower than in the rest of SSA using panel data for a sample of 40 countries for 1992-2006. The results indicate that the gap in financial development between the CFA franc zone countries and the rest of SSA can be explained by differences in institutional quality (e.g., availability of credit information, and strength and enforcement of property rights), variables that policy makers can influence.IMF working paper ;WP/09/113.FinanceAfrica, Sub-SaharanAfrica, French-speakingEconomic policyFinance332.152Singh Raju Jan1762091Kpodar Kangni1193209Ghura Dhaneshwar1644488MiAaPQMiAaPQMiAaPQBOOK9910828974103321Financial deepening in the CFA Franc zone4201804UNINA