LEADER 02763nam 2200601Ia 450 001 9910826087903321 005 20200520144314.0 010 $a1-4623-9419-1 010 $a1-4527-9756-0 010 $a1-283-51331-5 010 $a9786613825766 010 $a1-4519-8922-9 035 $a(CKB)3360000000443568 035 $a(EBL)3014351 035 $a(SSID)ssj0000942987 035 $a(PQKBManifestationID)11593655 035 $a(PQKBTitleCode)TC0000942987 035 $a(PQKBWorkID)10974965 035 $a(PQKB)10964686 035 $a(OCoLC)712989250 035 $a(IMF)WPIEE2006185 035 $a(MiAaPQ)EBC3014351 035 $a(EXLCZ)993360000000443568 100 $a20061003d2006 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aOil and growth in the Republic of Congo /$fprepared by Rina Bhattacharya and Dhaneshwar Ghura 205 $a1st ed. 210 $a[Washington, D.C.] $cInternational Monetary Fund$d2006 215 $a1 online resource (41 p.) 225 1 $aIMF working paper ;$vWP/06/185 300 $a"August 2006." 311 $a1-4518-6445-0 320 $aIncludes bibliographical references. 327 $a""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"" 330 3 $aThis paper investigates the linkages between oil and growth in Congo, where there appears to be no evidence of direct spillover effects. The empirical results suggest however that political instability has a negative effect on non-oil growth, and that the presence of oil could have fueled political instability by being associated with weakening institutions. The results also show that fiscal discipline is beneficial for growth. In addition, there are strong linkages between world oil prices and the real effective exchange rate, with movements in the latter having important indirect repercussions for growth. 410 0$aIMF working paper ;$vWP/06/185. 606 $aPetroleum$zCongo (Democratic Republic) 606 $aOil industries$zCongo (Democratic Republic) 615 0$aPetroleum 615 0$aOil industries 700 $aBhattacharya$b Rina$01644489 701 $aGhura$b Dhaneshwar$01644488 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910826087903321 996 $aOil and Growth in the Republic of Congo$93990372 997 $aUNINA