Escaping the Curse of Oil? The Case of Gabon

 
Author/Editor: Söderling, Ludvig
 
Publication Date: May 01, 2002
 
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
 
Summary: This paper studies the prospects for sustainable growth and economic development in Gabon, in the face of a severe decline in its main source of income and growth, i.e. oil. A simple Computable General Equilibrium model is used to simulate the development of the non-oil economy under various assumptions. The results of the simulations underline Gabon's dependence on foreign financing-especially private-and its vulnerability to variations in oil prices. The potential role of an income stabilization fund is also discussed.
 
Series: Working Paper No. 02/93
Subject(s): Economic growth | Gabon | Oil | Savings | Investment | Incomes policy | Stabilization funds | Economic models

Author's Keyword(s): Gabon | growth | oil | diversification | savings | investment | income stabilization fund
 
English
Publication Date: May 01, 2002
ISBN/ISSN: 1934-7073 Format: Paper
Stock No: WPIEA0932002 Pages: 36
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