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Author Lee, Munseob, author.

Title Do resource windfalls improve the standard of living in Sub-Saharan African countries? : evidence from a panel of countries / prepared by Munseob Lee and Cheikh A. Gueye
Published [Washington, D.C.] : International Monetary Fund, ©2015

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Description 1 online resource (38 pages) : color illustrations
Series IMF working paper, 1018-5941 ; WP/15/83
IMF working paper ; WP/15/83.
Contents Cover Page; Title Page; Copyright Page; Contents; TABLES; FIGURES; I. BACKGROUND AND MOTIVATION; 1. Natural Resource Rents (percent of GDP) in 2012; 2. Natural Resource Rents (percent of GDP) in SSA Countries, 1990-2010; 3. GDP Per Capita and HDI in SSA Countries; 4. Corruption and Natural Resource Rents in Sub-Saharan Africa; 5. Competitiveness and Natural Resource Rents in Sub-Saharan Africa; 6. Resource Governance Index in 2013 by Continents; II. STYLIZED FACTS; 7. Resource-Rich Countries in SSA: Natural Resource Rents
8. Selected Development Indicators in SSA: Resource-Rich and Poor Countries9. Growth and Development of Nigeria and Mauritius for 1980-2000; III. METHODOLOGY AND DATA; A. Methodology; 1. Consumption-Equivalent Metrics and HDI; 10. Consumption-Equivalent Metrics and HDI in 2005; B. Data Analysis; 11. Welfare Growth Rate and GDP Growth Rate, 1970-2000; 12. Welfare and GDP Growth Rates by Continents, 1970-2000; 13. Annual Welfare Growth Rate for 1970-2000, SSA countries; 14. Windfall index for Nigeria, 1961-2013; IV. ECONOMETRIC ANALYSIS; A. Sample Statistics
2. Number of Countries by Continents3. Sample Statistics; 4. List of Most and Least Resource-Dependent Countries; B. Short-Term-and-Medium-Term Effects; 15. Fragile Countries in SSA: State Fragility Index; 16. Impulse Responses for All Countries; 17. Impulse Response of Each Component for All Countries; 18. Impulse Responses for SSA Countries; 19. Impulse Responses for fragile SSA Countries; C. Long-Term Effects; 5. ARDL Estimation Results; V. POLICY IMPLICATIONS; APPENDIX; 21. Welfare Growth Rate and GDP Growth Rate, 1963-2007
22. Average Gini Coefficients for 1991-2007: Resource-Rich and Poor Countries23. Impulse Response for All Countries (1963-1980); 24. Impulse Response for All Countries (1980-2007); 6. List of Commodity Prices; REFERENCES; Footnotes
Summary We examine the impact of resource windfall on the standard of living both in the short-run and long-run, using a sample of 130 countries, 1963-2007. Then, we systematically investigate the effect of resource windfall on welfare in three different groups of countries: We find that in the short-run resource windfall is welfare enhancing in the whole sample, especially via increases in income and decreases in inequality. However, in SSA countries, the size of welfare improvement is small and it is smaller and almost zero after one year in fragile Sub-Saharan African (SSA) countries. In the whole sample, a resource windfall shock leads to significant welfare growth even in the long-run, but we couldn't find any significant long-run effect of resource windfall in SSA countries. --Abstract
Notes "April 2015."
"African Department."
Bibliography Includes bibliographical references (pages 36-38)
Notes English
Online resource; title from pdf title page (IMF.org Web site, viewed May 1, 2015)
Subject Natural resources -- Africa, Sub-Saharan
Prices -- Africa, Sub-Saharan
Cost and standard of living -- Africa, Sub-Saharan
Well-being -- Africa, Sub-Saharan
Income -- Africa, Sub-Saharan
Natural resources -- Africa, Sub-Saharan -- Management
Economic development -- Africa, Sub-Saharan
Cost and standard of living
Economic development
Income
Natural resources
Natural resources -- Management
Prices
Well-being
Sub-Saharan Africa
Form Electronic book
Author Gueye, Cheikh A. (Cheikh Anta)
International Monetary Fund. African Department.
ISBN 1484336399
9781484336397
1484336682
9781484336687
1484336585
9781484336588