Cover Image
Read Now

Oil and Growth in the Republic of Congo

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...

Full description

Bibliographic Details
Main Author: Ghura, Dhaneshwar
Other Authors: Bhattacharya, Rina
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2006
Series:IMF Working Papers
Subjects:
Energy: Demand And Supply
Oil Prices
Industries: Energy
Oil
Investments: Energy
Natural Resources
Agricultural And Natural Resource Economics
Real Effective Exchange Rates
Currency
Environmental Management
Petroleum Industry And Trade
Nonrenewable Resources And Conservation: General
Energy: General
Foreign Exchange
Prices
Macroeconomics
Environmental And Ecological Economics: General
Investment & Securities
Oil Sector
Petroleum, Oil & Gas Industries
Congo, Democratic Republic Of The
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:41 pages
ISBN:9781451864458

Similar Items