| Description |
1 online resource (21 pages) : illustrations |
| Series |
IMF working paper, 1018-5941 ; WP/11/233 |
|
IMF working paper ; WP/11/233.
|
| Contents |
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. CFA Zone Oil Exporters: Wealth and Development Needs; III. Brief Literature Review; IV. The Model; V. Empirical Investigation; 1. Growth and total investment: estimation results; 2. Growth and total investment robustness check: estimation results using the REER versus the PPP undervaluation index; 3. Growth and investment: estimation results when investment is disaggregated into public and private investment; VI. Conclusions; References; Footnotes |
| Summary |
Non-oil growth in the CFA oil exporting countries has been lackluster despite their great natural resource wealth. In this paper we study the key determinants of non-oil growth and explore to what extent these countries differ from countries with comparable levels of development that do not depend on nonrenewable resources. Using a panel of 38 countries comprising LICs and CFA zone oil exporters, we find that while real exchange rate appreciation negatively impacted growth in all countries over the period 1985-2008, what distinguishes the oil producers of the CFA zone is the failure of public and private investment to spur non-oil growth |
| Bibliography |
Includes bibliographical references |
| Notes |
English |
| Subject |
Economic development -- Africa, French-speaking -- Econometric models
|
|
Economic development -- Econometric models
|
|
French-speaking Africa
|
| Form |
Electronic book
|
| Author |
Baker, Carol (Carol L.), author.
|
|
International Monetary Fund. African Department, issuing body.
|
| ISBN |
1283560658 |
|
9781283560658 |
|
9781463965198 |
|
1463965192 |
|
1463921993 |
|
9781463921996 |
|
1463932391 |
|
9781463932398 |
|
9786613873101 |
|
6613873101 |
|
1463984871 |
|
9781463984878 |
|
