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|z 9781463902872
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|a York, Robert.
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|a External Sustainability of Oil-Producing Sub-Saharan African Countries /
|c Robert York, Misa Takebe.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2011.
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|a 1 online resource (32 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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, Cote 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.
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|a Mode of access: Internet
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|a Takebe, Misa.
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|a IMF Working Papers; Working Paper ;
|v No. 2011/207
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2011/207/001.2011.issue-207-en.xml
|z IMF e-Library
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