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|z 9781498392570
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Delechat, Corinne.
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|a Harnessing Resource Wealth for Inclusive Growth in Fragile States /
|c Corinne Delechat, John Clark JR, Pranav Gupta, Malangu Kabedi-Mbuyi.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2015.
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|a 1 online resource (54 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 Like other fragile sub-Saharan African countries, Cote d'Ivoire, Guinea, Liberia, and Sierra Leone are seeking to harness their natural resource potential in the context of ambitious development strategies. This study investigates options for scaling up public investment and expanding social safety nets in a general equilibrium setting. First, it assesses the macro-fiscal implications of alternative fiscal rules for public investment, and, second, it explicitly accounts for redistribution through direct cash transfers. Results show that a sustainable non-resource deficit target is robust to the high uncertainty of resources output and prices, while delivering growth benefits through higher public investment. The scaling-up magnitudes, however, depend on the size of projected resource revenue and absorptive capacity. Adding a social transfer raises private consumption, suggesting that a fraction of the resource revenue could be used to expand safety nets.
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|a Mode of access: Internet
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|a Clark JR, John.
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|a Gupta, Pranav.
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|a Kabedi-Mbuyi, Malangu.
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|a IMF Working Papers; Working Paper ;
|v No. 2015/025
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2015/025/001.2015.issue-025-en.xml
|z IMF e-Library
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