Nigeria's Growth Record: Dutch Disease Or Debt Overhang ?
Nigeria's oil boom has not brought an end to perennial stagnation in the non-oil economy. Is this the unavoidable consequence of the resource boom or have misguided policies contributed? This paper indicates that the extreme volatility of expenditure rather than Dutch Disease effects are behind...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
The World Bank
2007
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Schlagworte: | |
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Zusammenfassung: | Nigeria's oil boom has not brought an end to perennial stagnation in the non-oil economy. Is this the unavoidable consequence of the resource boom or have misguided policies contributed? This paper indicates that the extreme volatility of expenditure rather than Dutch Disease effects are behind the disappointing non-oil growth record. Fiscal policies failed to smooth highly volatile oil income; on the contrary government expenditure was more volatile than oil income. The authors provide econometric evidence showing that volatility of expenditure was increased by debt overhang problems. Moreover, they also find evidence of voracity effects that exacerbated expenditure volatility prior to 1984 |
Beschreibung: | 1 Online-Ressource (1 online resource (32 p.)) |
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id | DE-604.BV040618861 |
illustrated | Not Illustrated |
indexdate | 2024-08-27T04:18:03Z |
institution | BVB |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-025446360 |
oclc_num | 874236187 |
open_access_boolean | |
owner | DE-12 DE-1102 DE-1051 DE-521 DE-863 DE-BY-FWS DE-862 DE-BY-FWS DE-522 DE-858 DE-573 DE-860 DE-1046 DE-1047 DE-Aug4 DE-2070s DE-M347 DE-1049 DE-898 DE-BY-UBR DE-128 DE-M352 DE-70 DE-92 DE-150 DE-155 DE-BY-UBR DE-22 DE-BY-UBG DE-91 DE-BY-TUM DE-384 DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-739 DE-20 DE-703 DE-706 DE-355 DE-BY-UBR DE-29 DE-859 DE-Re13 DE-BY-UBR DE-523 |
owner_facet | DE-12 DE-1102 DE-1051 DE-521 DE-863 DE-BY-FWS DE-862 DE-BY-FWS DE-522 DE-858 DE-573 DE-860 DE-1046 DE-1047 DE-Aug4 DE-2070s DE-M347 DE-1049 DE-898 DE-BY-UBR DE-128 DE-M352 DE-70 DE-92 DE-150 DE-155 DE-BY-UBR DE-22 DE-BY-UBG DE-91 DE-BY-TUM DE-384 DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-739 DE-20 DE-703 DE-706 DE-355 DE-BY-UBR DE-29 DE-859 DE-Re13 DE-BY-UBR DE-523 |
physical | 1 Online-Ressource (1 online resource (32 p.)) |
psigel | ZDB-1-WBA |
publishDate | 2007 |
publishDateSearch | 2007 |
publishDateSort | 2007 |
publisher | The World Bank |
record_format | marc |
spellingShingle | van Wijnbergen, Sweder Nigeria's Growth Record Dutch Disease Or Debt Overhang ? |
title | Nigeria's Growth Record Dutch Disease Or Debt Overhang ? |
title_auth | Nigeria's Growth Record Dutch Disease Or Debt Overhang ? |
title_exact_search | Nigeria's Growth Record Dutch Disease Or Debt Overhang ? |
title_full | Nigeria's Growth Record Dutch Disease Or Debt Overhang ? van Wijnbergen, Sweder |
title_fullStr | Nigeria's Growth Record Dutch Disease Or Debt Overhang ? van Wijnbergen, Sweder |
title_full_unstemmed | Nigeria's Growth Record Dutch Disease Or Debt Overhang ? van Wijnbergen, Sweder |
title_short | Nigeria's Growth Record |
title_sort | nigeria s growth record dutch disease or debt overhang |
title_sub | Dutch Disease Or Debt Overhang ? |
url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4256 |
work_keys_str_mv | AT vanwijnbergensweder nigeriasgrowthrecorddutchdiseaseordebtoverhang AT panggaobo nigeriasgrowthrecorddutchdiseaseordebtoverhang AT budinanina nigeriasgrowthrecorddutchdiseaseordebtoverhang |