Midlands State University Library
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After the oil: Challenges ahead in Gabon by Ludvig Soderling,

By: Material type: TextTextSeries: ; Volume 15, number 1Oxford : Oxford university Press ; ©2005Content type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
Subject(s): LOC classification:
  • HC800 JOU
Online resources: Summary: 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.
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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.

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