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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:After the Oil: Challenges Ahead in Gabon
Author:Söderling, LudvigISNI
Year:2006
Periodical:Journal of African Economies
Volume:15
Issue:1
Period:March
Pages:117-148
Language:English
Geographic term:Gabon
Subjects:petroleum
public finance
economic conditions
Economics and Trade
Development and Technology
Agriculture, Natural Resources and the Environment
External link:https://jae.oxfordjournals.org/content/15/1/117.full.pdf
Abstract: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. App., bibliogr., notes, ref., sum. [Journal abstract]
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