External Sustainability of Oil-Producing Sub-Saharan African Countries:
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 defi...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2011
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Schriftenreihe: | IMF Working Papers
Working Paper No. 11/207 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | 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 |
Beschreibung: | 1 Online-Ressource (32 p) |
ISBN: | 1463902875 9781463902872 |
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record_format | marc |
series2 | IMF Working Papers |
spelling | York, Robert C. Verfasser aut External Sustainability of Oil-Producing Sub-Saharan African Countries York, Robert C Washington, D.C International Monetary Fund 2011 1 Online-Ressource (32 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 11/207 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 Online-Ausg Takebe, Misa Sonstige oth http://elibrary.imf.org/view/IMF001/12152-9781463902872/12152-9781463902872/12152-9781463902872.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | York, Robert C. External Sustainability of Oil-Producing Sub-Saharan African Countries |
title | External Sustainability of Oil-Producing Sub-Saharan African Countries |
title_auth | External Sustainability of Oil-Producing Sub-Saharan African Countries |
title_exact_search | External Sustainability of Oil-Producing Sub-Saharan African Countries |
title_exact_search_txtP | External Sustainability of Oil-Producing Sub-Saharan African Countries |
title_full | External Sustainability of Oil-Producing Sub-Saharan African Countries York, Robert C |
title_fullStr | External Sustainability of Oil-Producing Sub-Saharan African Countries York, Robert C |
title_full_unstemmed | External Sustainability of Oil-Producing Sub-Saharan African Countries York, Robert C |
title_short | External Sustainability of Oil-Producing Sub-Saharan African Countries |
title_sort | external sustainability of oil producing sub saharan african countries |
url | http://elibrary.imf.org/view/IMF001/12152-9781463902872/12152-9781463902872/12152-9781463902872.xml |
work_keys_str_mv | AT yorkrobertc externalsustainabilityofoilproducingsubsaharanafricancountries AT takebemisa externalsustainabilityofoilproducingsubsaharanafricancountries |