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Escaping the Curse of Oil? The Case of Gabon
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Author/Editor: |
Söderling, Ludvig |
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May 1, 2002 |
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Electronic Access: |
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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 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.
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Series: |
Working Paper No. 02/93 |
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Subject(s): |
Economic growth | Gabon | Oil | Savings | Investment | Incomes policy | Stabilization funds | Economic models |
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Author's keyword(s): |
Gabon | growth | oil | diversification | savings | investment | income stabilization fund |
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Published: |
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May 1, 2002 |
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ISBN/ISSN: |
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1934-7073 |
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Format: |
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Paper |
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Stock No: |
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WPIEA0932002 |
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Pages: |
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36 |
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Price: |
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US$15.00
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Prepayment required for individual copies. An annual subscription is $375.00 a year. It includes 12 monthly shipments and priority mail delivery. The Stock No. for the subscription is WPEA. |
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