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Determinants of Non-oil Growth in the CFA-Zone Oil Producing Countries :, How do they Differ?, Alexandra Tabova, Carol Baker

Non-oil growth in the CFA oil exporting countries has been lackluster despite their great natural resource wealth. In this paper we study the key determinants of non-oil growth and explore to what extent these countries differ from countries with comparable levels of development that do not depend on nonrenewable resources. Using a panel of 38 countries comprising LICs and CFA zone oil exporters, we find that while real exchange rate appreciation negatively impacted growth in all countries over the period 1985-2008, what distinguishes the oil producers of the CFA zone is the failure of public and private investment to spur non-oil growth
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. CFA Zone Oil Exporters: Wealth and Development Needs; III. Brief Literature Review; IV. The Model; V. Empirical Investigation; 1. Growth and total investment: estimation results; 2. Growth and total investment robustness check: estimation results using the REER versus the PPP undervaluation index; 3. Growth and investment: estimation results when investment is disaggregated into public and private investment; VI. Conclusions; References; Footnotes
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (34 p.)
Specific Material Designation
Form Of Item

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