Oil and Growth in the Republic of Congo

 
Author/Editor: Bhattacharya, Rina ; Ghura, Dhaneshwar
 
Publication Date: August 01, 2006
 
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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.
 
Series: Working Paper No. 06/185
Subject(s): Oil | Congo, Republic of | Economic growth | Real effective exchange rates

Author's Keyword(s): oil | conflicts | economic growth
 
English
Publication Date: August 01, 2006
ISBN/ISSN: 0 / 1934-7073 Format: Paper
Stock No: WPIEA2006185 Pages: 41
Price:
US$15.00 (Academic Rate:
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