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Author/Editor:
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Bhattacharya, Rina ; Ghura, Dhaneshwar
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Publication Date:
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August 01, 2006
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Electronic Access:
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Free Full text
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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
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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.
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Order a print copy
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Series:
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Working Paper No. 06/185
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Subject(s):
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Oil | Congo, Republic of | Economic growth | Real effective exchange rates
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Author's Keyword(s):
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oil | conflicts | economic growth |
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English
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Publication Date:
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August 01, 2006
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ISBN/ISSN:
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0 / 1934-7073
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Format:
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Paper
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Stock No:
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WPIEA2006185
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Pages:
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41
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Price:
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US$15.00 )
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Please address any questions about this title to
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