After the oil: Challenges ahead in Gabon
Solderling, Ludvig
After the oil: Challenges ahead in Gabon by Ludvig Soderling, - Volume 15, number 1 .
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 importance of adequate real exchange rate management is also underlined.
Economic challenges--Gabon
HC800 JOU
After the oil: Challenges ahead in Gabon by Ludvig Soderling, - Volume 15, number 1 .
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 importance of adequate real exchange rate management is also underlined.
Economic challenges--Gabon
HC800 JOU