Do resource windfalls improve the standard of living in Sub-Saharan African countries? : evidence from a panel of countries /

Saved in:
Bibliographic Details
Author / Creator:Lee, Munseob, author.
Imprint:[Washington, D.C.] : International Monetary Fund, ©2015.
Description:1 online resource (38 pages) : color illustrations.
Language:English
Series:IMF working paper, 1018-5941 ; WP/15/83
IMF working paper ; WP/15/83.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12504434
Hidden Bibliographic Details
Other authors / contributors:Gueye, Cheikh A. (Cheikh Anta)
International Monetary Fund. African Department.
ISBN:1484336399
9781484336397
9781484336397
1484336682
9781484336687
1484336585
9781484336588
Notes:"April 2015."
"African Department."
Includes bibliographical references (pages 36-38).
English.
Online resource; title from pdf title page (IMF.org Web site, viewed May 1, 2015).
Summary:We examine the impact of resource windfall on the standard of living both in the short-run and long-run, using a sample of 130 countries, 1963-2007. Then, we systematically investigate the effect of resource windfall on welfare in three different groups of countries: We find that in the short-run resource windfall is welfare enhancing in the whole sample, especially via increases in income and decreases in inequality. However, in SSA countries, the size of welfare improvement is small and it is smaller and almost zero after one year in fragile Sub-Saharan African (SSA) countries. In the whole sample, a resource windfall shock leads to significant welfare growth even in the long-run, but we couldn't find any significant long-run effect of resource windfall in SSA countries. --Abstract.
Other form:Print Version: 9781484336397
Standard no.:10.5089/9781484336397.001

MARC

LEADER 00000cam a2200000Ia 4500
001 12504434
006 m o d
007 cr |||||||||||
008 150501s2015 dcua ob i000 0 eng d
005 20240822221857.1
019 |a 1144355613  |a 1162216812 
020 |a 1484336399 
020 |a 9781484336397 
020 |z 9781484336397 
020 |a 1484336682 
020 |a 9781484336687 
020 |a 1484336585 
020 |a 9781484336588 
024 8 |a 10.5089/9781484336397.001 
035 9 |a (OCLCCM-CC)908265026 
035 |a (OCoLC)908265026  |z (OCoLC)1144355613  |z (OCoLC)1162216812 
040 |a DJB  |b eng  |e pn  |c DJB  |d IDEBK  |d EBLCP  |d E7B  |d OCLCF  |d YDXCP  |d OCLCQ  |d CUS  |d OCLCQ  |d MERUC  |d WRM  |d CEF  |d OTZ  |d AU@  |d OCLCQ  |d BDP  |d VT2  |d OCL  |d OCLCQ  |d SFB  |d OCLCO 
043 |a fb----- 
049 |a MAIN 
050 4 |a HG3881.5.I58  |b W67 No. 15/83eb 
055 3 |a HG3881.5 I58  |b I58 A356 
100 1 |a Lee, Munseob,  |e author.  |0 http://id.loc.gov/authorities/names/no2015058635 
245 1 0 |a Do resource windfalls improve the standard of living in Sub-Saharan African countries? :  |b evidence from a panel of countries /  |c prepared by Munseob Lee and Cheikh A. Gueye. 
260 |a [Washington, D.C.] :  |b International Monetary Fund,  |c ©2015. 
300 |a 1 online resource (38 pages) :  |b color illustrations. 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a IMF working paper,  |x 1018-5941 ;  |v WP/15/83 
500 |a "April 2015." 
500 |a "African Department." 
504 |a Includes bibliographical references (pages 36-38). 
520 |a We examine the impact of resource windfall on the standard of living both in the short-run and long-run, using a sample of 130 countries, 1963-2007. Then, we systematically investigate the effect of resource windfall on welfare in three different groups of countries: We find that in the short-run resource windfall is welfare enhancing in the whole sample, especially via increases in income and decreases in inequality. However, in SSA countries, the size of welfare improvement is small and it is smaller and almost zero after one year in fragile Sub-Saharan African (SSA) countries. In the whole sample, a resource windfall shock leads to significant welfare growth even in the long-run, but we couldn't find any significant long-run effect of resource windfall in SSA countries. --Abstract. 
588 0 |a Online resource; title from pdf title page (IMF.org Web site, viewed May 1, 2015). 
505 0 |a Cover Page; Title Page; Copyright Page; Contents; TABLES; FIGURES; I. BACKGROUND AND MOTIVATION; 1. Natural Resource Rents (percent of GDP) in 2012; 2. Natural Resource Rents (percent of GDP) in SSA Countries, 1990-2010; 3. GDP Per Capita and HDI in SSA Countries; 4. Corruption and Natural Resource Rents in Sub-Saharan Africa; 5. Competitiveness and Natural Resource Rents in Sub-Saharan Africa; 6. Resource Governance Index in 2013 by Continents; II. STYLIZED FACTS; 7. Resource-Rich Countries in SSA: Natural Resource Rents. 
505 8 |a 8. Selected Development Indicators in SSA: Resource-Rich and Poor Countries9. Growth and Development of Nigeria and Mauritius for 1980-2000; III. METHODOLOGY AND DATA; A. Methodology; 1. Consumption-Equivalent Metrics and HDI; 10. Consumption-Equivalent Metrics and HDI in 2005; B. Data Analysis; 11. Welfare Growth Rate and GDP Growth Rate, 1970-2000; 12. Welfare and GDP Growth Rates by Continents, 1970-2000; 13. Annual Welfare Growth Rate for 1970-2000, SSA countries; 14. Windfall index for Nigeria, 1961-2013; IV. ECONOMETRIC ANALYSIS; A. Sample Statistics. 
505 8 |a 2. Number of Countries by Continents3. Sample Statistics; 4. List of Most and Least Resource-Dependent Countries; B. Short-Term-and-Medium-Term Effects; 15. Fragile Countries in SSA: State Fragility Index; 16. Impulse Responses for All Countries; 17. Impulse Response of Each Component for All Countries; 18. Impulse Responses for SSA Countries; 19. Impulse Responses for fragile SSA Countries; C. Long-Term Effects; 5. ARDL Estimation Results; V. POLICY IMPLICATIONS; APPENDIX; 21. Welfare Growth Rate and GDP Growth Rate, 1963-2007. 
505 8 |a 22. Average Gini Coefficients for 1991-2007: Resource-Rich and Poor Countries23. Impulse Response for All Countries (1963-1980); 24. Impulse Response for All Countries (1980-2007); 6. List of Commodity Prices; REFERENCES; Footnotes. 
546 |a English. 
650 0 |a Natural resources  |z Africa, Sub-Saharan. 
650 0 |a Prices  |z Africa, Sub-Saharan. 
650 0 |a Cost and standard of living  |z Africa, Sub-Saharan. 
650 0 |a Well-being  |z Africa, Sub-Saharan. 
650 0 |a Income  |z Africa, Sub-Saharan. 
650 0 |a Natural resources  |z Africa, Sub-Saharan  |x Management. 
650 0 |a Economic development  |z Africa, Sub-Saharan. 
650 6 |a Ressources naturelles  |z Afrique subsaharienne. 
650 6 |a Prix  |z Afrique subsaharienne. 
650 6 |a Coût et niveau de la vie  |z Afrique subsaharienne. 
650 6 |a Bien-être  |z Afrique subsaharienne. 
650 6 |a Revenu  |z Afrique subsaharienne. 
650 6 |a Ressources naturelles  |z Afrique subsaharienne  |x Gestion. 
650 6 |a Développement économique  |z Afrique subsaharienne. 
650 7 |a Cost and standard of living.  |2 fast  |0 (OCoLC)fst00880673 
650 7 |a Economic development.  |2 fast  |0 (OCoLC)fst00901785 
650 7 |a Income.  |2 fast  |0 (OCoLC)fst00968635 
650 7 |a Natural resources.  |2 fast  |0 (OCoLC)fst01034403 
650 7 |a Natural resources  |x Management.  |2 fast  |0 (OCoLC)fst01034438 
650 7 |a Prices.  |2 fast  |0 (OCoLC)fst01076207 
650 7 |a Well-being.  |2 fast  |0 (OCoLC)fst01402723 
651 7 |a Sub-Saharan Africa.  |2 fast  |0 (OCoLC)fst01239520 
650 7 |a Business & Economics.  |2 hilcc 
650 7 |a Economic History.  |2 hilcc 
655 0 |a Electronic books. 
700 1 |a Gueye, Cheikh A.  |q (Cheikh Anta)  |0 http://id.loc.gov/authorities/names/no2010105368 
710 2 |a International Monetary Fund.  |b African Department.  |0 http://id.loc.gov/authorities/names/no93028933 
776 0 8 |i Print Version:  |z 9781484336397 
830 0 |a IMF working paper ;  |v WP/15/83.  |0 http://id.loc.gov/authorities/names/no89010263 
856 4 0 |u http://elibrary.imf.org/view/journals/001/2015/083/001.2015.issue-083-en.xml  |y INTERNATIONAL MONETARY FUND 
929 |a oclccm 
999 f f |i 790f1700-3064-509c-a7a0-b893cba5f490  |s cd68d165-d9a9-54ac-8fa3-fe3cfe4ebfa5 
928 |t Library of Congress classification  |a HG3881.5.I58W67 No. 15/83eb  |l Online  |c UC-FullText  |u http://elibrary.imf.org/view/journals/001/2015/083/001.2015.issue-083-en.xml  |z INTERNATIONAL MONETARY FUND  |g ebooks  |i 12148765