European Parliament Library

Republic of Equatorial Guinea :, Selected Issues

Abstract
This Selected Issues paper discusses fiscal sustainability and capital expenditures for Equatorial Guinea. The paper formulates a permanent income hypothesis model and estimates it using data on oil revenues from Equatorial Guinea. The first methodology is based on a standard permanent income model, using a 50-year time horizon and real rate of return of 2 percent. The paper then extends the model to incorporate a feedback effect from capital spending to non-oil GDP growth, and shows its implications for fiscal sustainability
Table Of Contents
Cover; Contents; I. Fiscal Sustainability and Capital Expenditures: The Case of Equatorial Guinea; A. Summary; B. Discussion; Figures; 1 1. Overall Fiscal Balance, Gross Official Foreign Reserves, 2000-08; 1.2. Non-oil Primary Deficit, 2000-08; Text Tables; 1.1. Medium-Term Fiscal Framework-Budget vs. Targets; 1.3. Oil Revenues, Annuity, and Asset Accumulation based on a Permanent Income Model; 1 2. Public Expenditure Indicators, 2005-07); 1.3. Regression Results from Economy-wide Production Function; 1.4. Actual non-oil GDP vs. predicted non-oil GDP
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (35 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781452788821

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