Oil Wealth and Economic Growth in Oil Exporting African Countries PDF Download
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Author: Olomola Philip Akanni
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 48
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Book Description
Author: Olomola Philip Akanni
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 48
Get Book Here
Book Description
Author: The African Development Bank
Publisher: OUP Oxford
ISBN: 0191571369
Category : Political Science
Languages : en
Pages : 270
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Book Description
The book, a joint work of the African Development Bank and the African Union, presents a comprehensive analysis of the oil and gas resources in Africa. It uniquely highlights, through country examples, and with an African focus but a global perspective, the specific challenges and constraints facing the continent as a whole in the exploitation and utilization of its oil and gas resources. It partly draws on a model that simulates the impact of high oil prices on African economies, a model that was developed by the Research Department of the Bank in a separate study. The roles of AfDB and AU are analyzed, considering their differing, but complementary, mandates geared towards the development of the continent. Finally, the book includes recommendations on the future directions and actions for maximizing benefits of Africa's oil and gas resources.
Author: Mr.Bernardin Akitoby
Publisher: International Monetary Fund
ISBN: 1616353767
Category : Business & Economics
Languages : en
Pages : 249
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Book Description
Despite its vast oil wealth, central Africa still struggles to sustain strong, inclusive economic growth and to generate sufficient employment opportunities, particularly for its fast-growing youth population. Drawing on new research, Oil Wealth in Central Africa lays out the macroeconomic and growth challenges facing the region; examines oil wealth management and its implications for poverty reduction; and includes four case studies that exemplify lessons learned.
Author: Arnim Langer
Publisher: Leuven University Press
ISBN: 9462702004
Category : Social Science
Languages : en
Pages : 396
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Book Description
Multidisciplinary perspectives to governance of oil in African countries Large quantities of oil were discovered in the Albertine Rift Valley in Western Uganda in 2006. The sound management of these oil resources and revenues is undoubtedly one of the key public policy challenges for Uganda as it is for other African countries with large oil and/or gas endowments. With oil expected to start flowing in 2021, the current book analyses how this East African country is preparing for the challenge of effectively, efficiently, and transparently managing its oil sector and resources. Adopting a multidisciplinary, comprehensive, and comparative approach, the book identifies a broad scope of issues that need to be addressed in order for Uganda to realise the full potential of its oil wealth for national economic transformation. Predominantly grounded in local scholarship and including chapters drawing on the experiences of Nigeria, Ghana, and Kenya, the book blazes a trail on governance of African oil in an era of emerging producers. Oil Wealth and Development in Uganda and Beyond will be of great interest to social scientists and economic and social policy makers in oil-producing countries. It is suitable for course adoption across such disciplines as International/Global Affairs, Political Economy, Geography, Environmental Studies, Economics, Energy Studies, Development, Politics, Peace, Security and African Studies. Contributors: Badru Bukenya (Makerere University), Moses Isabirye (Busitema University), Wilson Bahati Kazi (Uganda Revenue Authority), Corti Paul Lakuma (Economic Policy Research Centre), Joseph Mawejje (Economic Policy Research Centre), Pamela Mbabazi (Uganda National Planning Authority), Martin Muhangi (independent researcher), Roberts Muriisa (Mbarara University of Science and Technology), Chris Byaruhanga Musiime (independent researcher), Germano Mwabu (University of Nairobi), Jackson A. Mwakali (Makerere University), Tom Owang (Mbarara University of Science and Technology), Joseph Oloka-Onyango (Makerere University), Peter Quartey (University of Ghana), Peter Wandera (Transparency International Uganda), Kathleen Brophy (Transparency International Uganda), Jaqueline Nakaiza (independent researcher), Babra Beyeza (independent researcher), Jackson Byaruhanga (Bank of Uganda), Emmanuel Abbey (University of Ghana).
Author: Ms.Alexandra Tabova
Publisher: International Monetary Fund
ISBN: 1463921993
Category : Business & Economics
Languages : en
Pages : 22
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Book Description
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.
Author: Mr.Hamid R Davoodi
Publisher: International Monetary Fund
ISBN: 9781589062290
Category : Business & Economics
Languages : en
Pages : 44
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Book Description
The Middle East and North Africa (MENA) is an economically diverse region. Despite undertaking economic reforms in many countries, and having considerable success in avoiding crises and achieving macroeconomic stability, the region’s economic performance in the past 30 years has been below potential. This paper takes stock of the region’s relatively weak performance, explores the reasons for this out come, and proposes an agenda for urgent reforms.
Author: Abraham Lartey
Publisher:
ISBN:
Category :
Languages : en
Pages : 16
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Book Description
The recent slump in crude oil prices in global markets has taken a serious toll on oil producing countries. Producers in Africa are not left out as evidenced in slower growth, rising fiscal deficit, debt problems and deteriorating current account balance. Economic diversification is viewed as means of avoiding the resource curse problems by fostering long term economic growth. This study therefore reviews the trends and dynamics in economic diversification in oil producing countries. The study argues that the resource curse can only be avoided when the revenues generated from the exploitation of oil are invested in other productive sectors of the economy thereby decoupling economic growth from the extractive sector. The study revealed that the economies of these countries are still reliant on the petroleum sector despite numerous efforts and strategies aimed diversification. The agricultural and manufacturing sectors continues to perform poorly due to bottlenecks such as unfriendly business environment, governance challenges and inadequate supply of power inherent in these countries .The study therefore recommends policies aimed at removing these barriers to serve as catalyst for the diversification agenda.
Author: Ian Gary
Publisher: Catholic Relief Services
ISBN: 1614920311
Category : Business & Economics
Languages : en
Pages : 110
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Book Description
The new African oil boomcentered on the oil-rich Atlantic waters of the Gulf of Guinea, from Nigeria to Angolais a moment of great opportunity and great peril for countries beset by wide-scale poverty.
Author: Ms.Misa Takebe
Publisher: International Monetary Fund
ISBN: 1463902875
Category : Business & Economics
Languages : en
Pages : 34
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Book Description
In the extensive empirical work carried out across the IMF on oil-producing sub-Saharan African (SSA) countries, the notion of "sustainability" is often directed toward fiscal policies, and, in particular, views on the "optimal" non-oil primary fiscal deficit. The bulk of this work does not, however, address external sustainability, which is a concern especially for those SSA oil producers operating under a fixed exchange rate regime. A couple of recent papers have extended the existing methodologies to assess external sustainability for some oil-producing countries but they do not focus on those in sub-Saharan Africa. In this paper, we bolster this empirical work by providing a range of estimates for the long-run external current external account balance for each of the SSA oil-producing countries, based on three widely used methodologies in the IMF. Our research strategy is to apply these models to the eight countries in the subregion - Angola, Cameroon, Chad, Côte d'Ivoire, Equatorial Guinea, Gabon, Nigeria, and the Republic of Congo - using similar simplifying assumptions so that we are using the same lens to view how they do and do not differ.
Author: Mr.Bright E Okogu
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 36
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Book Description
Middle Eastern countries7through their role in the Organization of the Petroleum Exporting Countries (OPEC)7were at the center of the transformation of the market since they owned the bulk of world proven crude oil reserves. In addition to transforming their societies through the inflow of substantial amounts of oil revenue, the Middle Eastern and North African (MENA) countries encountered new challenges in the area of economic policy and management, including how to cope with the adverse impact of the variability of oil prices on growth. The primary focus of this pamphlet is the developments in the international oil market, the role of Middle Eastern countries therein, and the policy challenges arising from this dependency on oil.
