{
  "title": "Africa’s Oil Abundance and External Competitiveness: Do Institutions Matter?",
  "publication": "IMF Working Papers, July 1, 2008",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/31/africas-oil-abundance-and-external-competitiveness-do-institutions-matter-22103",
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  "summary": "This paper examines the structural competitiveness of oil-rich economies in sub-Saharan Africa relative to other major oil-exporting developing countries, and investigates reasons for systematic differences in the non-oil export performance across these economies.",
  "sections": [
    {
      "heading": "Key findings",
      "content": "- Oil-rich economies in sub-Saharan Africa lag other major oil-exporting developing countries in:\n  - diversification\n  - global market share\n  - the overall investment climate\n- The poor performance of the non-oil sector in oil-rich African countries can be largely attributed to:\n  - weak infrastructure\n  - weak institutional quality\n- Institutional quality is a significant determinant of how oil abundance affects competitiveness of the non-oil sector, explaining divergent experiences across oil-rich countries\n- Oil wealth does not necessarily weaken the non-oil tradable sector; prudent use of revenues to reduce oil dependence can mitigate Dutch disease and enable countries to benefit from oil booms"
    },
    {
      "heading": "Analysis and implications",
      "content": "- Comparative analysis of structural competitiveness highlights systematic differences in non-oil export performance between oil-rich Africa and other oil-exporting developing countries.\n- The interaction between oil abundance and institutional quality is central: stronger institutions diminish negative impacts on the non-oil sector and support diversification.\n- Policy implication: improving infrastructure and institutional quality is critical for enhancing non-oil export competitiveness and leveraging oil revenues for broader economic development.\n\n---\n\n Content in this bundle\n\n- wp08172\n  - wp08172 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp08172 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/africas-oil-abundance-and-external-competitiveness-do-institutions-matter-22103"
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    "[Markdown version](/en/publications/wp/issues/2016/12/31/africas-oil-abundance-and-external-competitiveness-do-institutions-matter-22103/index.md)",
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    "Authors: Mahvash S Qureshi",
    "Published: July 1, 2008",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451870305.001",
    "Oil-rich economies in sub-Saharan Africa lag other major oil-exporting developing countries in:",
    "The poor performance of the non-oil sector in oil-rich African countries can be largely attributed to:",
    "Institutional quality is a significant determinant of how oil abundance affects competitiveness of the non-oil sector, explaining divergent experiences across oil-rich countries",
    "Oil wealth does not necessarily weaken the non-oil tradable sector; prudent use of revenues to reduce oil dependence can mitigate Dutch disease and enable countries to benefit from oil booms",
    "Comparative analysis of structural competitiveness highlights systematic differences in non-oil export performance between oil-rich Africa and other oil-exporting developing countries.",
    "The interaction between oil abundance and institutional quality is central: stronger institutions diminish negative impacts on the non-oil sector and support diversification.",
    "Policy implication: improving infrastructure and institutional quality is critical for enhancing non-oil export competitiveness and leveraging oil revenues for broader economic development.",
    "**_wp08172**"
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