Transforming Natural Resource Wealth into Sustained Growth and Poverty Reduction : A Conceptual Framework for Sub-Saharan African Oil Exporting Countries

Toto Same, Achille

dc.creator	Toto Same, Achille
dc.date	2012-03-19T19:09:03Z
dc.date	2012-03-19T19:09:03Z
dc.date	2009-03-01
dc.date.accessioned	2023-02-17T21:08:14Z
dc.date.available	2023-02-17T21:08:14Z
dc.identifier	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090304085401
dc.identifier	http://hdl.handle.net/10986/4048
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/245018
dc.description	Oil and mineral revenues raise national savings and hence facilitate investment, capital accumulation, and sustained growth; thus, there are benefits of owning large natural resources. There can be a significant spillover effect from the oil sector to the non-oil sector particularly if governments are committed to bridge the infrastructure gap and promote the non-oil economy and foremost the non-oil tradable sector. Consequently, the capacity for coordinated policy formulation and execution is fundamental as well as sound windfall management mechanisms and institutions. This conceptual framework uses the case of Indonesia and the example of Norway to argue that the resource paradox is avoidable. Abundance should not be a curse, but rather a blessing for Sub-Saharan Africa's oil and mineral exporting countries. The country context and political economy matter a great deal but should not be the main driving forces behind windfall management, to avoid excessive rent-seeking activities, inefficiency, and wasteful spending. The EITI++ implementation can contribute to make a difference, mostly through capacity building, implementation assistance, and coordination support.
dc.language	English
dc.relation	Policy Research working paper ; no. WPS 4852
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo/
dc.rights	World Bank
dc.subject	ABSORPTIVE CAPACITIES
dc.subject	ABSORPTIVE CAPACITY
dc.subject	ACCUMULATION OF DEBT
dc.subject	ADVERSE CONSEQUENCES
dc.subject	AGRICULTURE
dc.subject	ARREARS
dc.subject	BALANCE-OF-PAYMENTS CRISIS
dc.subject	BANK POLICY
dc.subject	BENCHMARK
dc.subject	BLACK MARKET
dc.subject	BLACK MARKET PREMIUM
dc.subject	BORROWING
dc.subject	BUDGET DEFICIT
dc.subject	CALCULATIONS
dc.subject	CAPACITY BUILDING
dc.subject	CAPITAL ACCUMULATION
dc.subject	CAPITAL FORMATION
dc.subject	CAPITAL GOODS
dc.subject	CAPITAL GOODS INDUSTRIES
dc.subject	CAPITAL STOCK
dc.subject	CAPITAL STOCKS
dc.subject	COMMERCIAL BANKS
dc.subject	COMPETITIVENESS
dc.subject	COMPREHENSIVE DEVELOPMENT
dc.subject	CONSUMER
dc.subject	CONSUMER GOODS
dc.subject	CURRENCY
dc.subject	CURRENT ACCOUNT
dc.subject	CURRENT ACCOUNT DEFICITS
dc.subject	DEBT
dc.subject	DEBT BURDEN
dc.subject	DEBT BURDENS
dc.subject	DEBT OVERHANG
dc.subject	DEBT REDUCTION
dc.subject	DEPOSITS
dc.subject	DEVELOPING COUNTRIES
dc.subject	DEVELOPING COUNTRY
dc.subject	DEVELOPMENT ASSISTANCE
dc.subject	DEVELOPMENT BANK
dc.subject	DEVELOPMENT ECONOMICS
dc.subject	DEVELOPMENT POLICY
dc.subject	DEVELOPMENT STRATEGY
dc.subject	DISBURSEMENTS
dc.subject	DOMESTIC ECONOMY
dc.subject	DOMESTIC INFLATION
dc.subject	DOMESTIC SAVING
dc.subject	DURABLE
dc.subject	DUTCH DISEASE
dc.subject	ECONOMIC ACTIVITY
dc.subject	ECONOMIC DEVELOPMENT
dc.subject	ECONOMIC EXPANSION
dc.subject	ECONOMIC GROWTH
dc.subject	ECONOMIC HISTORIANS
dc.subject	ECONOMIC LIFE
dc.subject	ECONOMIC MANAGEMENT
dc.subject	ECONOMIC MODEL
dc.subject	ECONOMIC ORDER
dc.subject	ECONOMIC OUTCOMES
dc.subject	ECONOMIC OUTLOOK
dc.subject	ECONOMIC PERFORMANCE
dc.subject	ECONOMIC POLICY
dc.subject	ECONOMIC RESEARCH
dc.subject	ECONOMIC STRUCTURE
dc.subject	ECONOMICS RESEARCH
dc.subject	EMERGING ECONOMY
dc.subject	EXCHANGE RATE
dc.subject	EXCHANGE RATE APPRECIATION
dc.subject	EXCHANGE RATE VOLATILITY
dc.subject	EXCHANGE RATES
dc.subject	EXPENDITURE
dc.subject	EXPENDITURES
dc.subject	EXPORT EARNINGS
dc.subject	EXPORT PERFORMANCE
dc.subject	EXPORT REVENUES
dc.subject	EXPORTER
dc.subject	EXPORTERS
dc.subject	EXPORTS
dc.subject	EXTERNAL DEBT
dc.subject	EXTERNALITIES
dc.subject	FINANCIAL ASSETS
dc.subject	FINANCIAL CRISIS
dc.subject	FISCAL BALANCE
dc.subject	FISCAL DEFICITS
dc.subject	FISCAL POLICY
dc.subject	FLOATING INTEREST RATES
dc.subject	FORECASTS
dc.subject	FOREIGN DIRECT INVESTMENT
dc.subject	FOREIGN EXCHANGE
dc.subject	FOREIGN EXCHANGE RESERVES
dc.subject	FOREIGN EXCHANGE RESOURCES
dc.subject	FOREIGN INVESTMENT
dc.subject	FOREIGN INVESTORS
dc.subject	FOREIGN RESERVES
dc.subject	FULL EMPLOYMENT
dc.subject	GDP
dc.subject	GDP PER CAPITA
dc.subject	GLOBAL DEMAND
dc.subject	GLOBAL ECONOMY
dc.subject	GLOBALIZATION
dc.subject	GOVERNMENT EXPENDITURE
dc.subject	GOVERNMENT FINANCES
dc.subject	GOVERNMENT POLICY
dc.subject	GOVERNMENT REVENUE
dc.subject	GOVERNMENT REVENUES
dc.subject	GOVERNMENT SPENDING
dc.subject	GROWTH MODELS
dc.subject	GROWTH PERFORMANCE
dc.subject	GROWTH POTENTIAL
dc.subject	GROWTH RATE
dc.subject	GROWTH RATES
dc.subject	HUMAN CAPITAL
dc.subject	IMPORT
dc.subject	IMPORTS
dc.subject	INCOME
dc.subject	INCREASING RETURNS
dc.subject	INCREASING RETURNS TO SCALE
dc.subject	INDUSTRIAL INVESTMENTS
dc.subject	INDUSTRIALIZATION
dc.subject	INEFFICIENCY
dc.subject	INFLATION
dc.subject	INSTRUMENT
dc.subject	INTERNATIONAL BANK
dc.subject	INTERNATIONAL ECONOMICS
dc.subject	INTERNATIONAL MARKET
dc.subject	INTERNATIONAL TRADE
dc.subject	INVESTING
dc.subject	INVESTMENT DECISION
dc.subject	INVESTMENT DECISIONS
dc.subject	INVESTMENT PROGRAM
dc.subject	INVESTMENT RATE
dc.subject	INVESTMENT SPENDING
dc.subject	LACK OF EXPERIENCE
dc.subject	LIQUIDITY
dc.subject	LIVING STANDARDS
dc.subject	MACROECONOMIC IMPEDIMENT
dc.subject	MACROECONOMIC POLICIES
dc.subject	MACROECONOMIC REFORMS
dc.subject	MARGINAL PRODUCTIVITY
dc.subject	MARKET TRANSACTIONS
dc.subject	MONETARY FUND
dc.subject	MONETARY POLICY
dc.subject	NATIONAL SAVING
dc.subject	NATIONAL SAVINGS
dc.subject	NATURAL RESOURCE
dc.subject	NATURAL RESOURCES
dc.subject	NEWLY INDUSTRIALIZED COUNTRIES
dc.subject	OIL BOOM
dc.subject	OIL BOOMS
dc.subject	OIL ECONOMY
dc.subject	OIL EXPORTER
dc.subject	OIL EXPORTERS
dc.subject	OIL EXPORTING COUNTRIES
dc.subject	OIL EXPORTING COUNTRY
dc.subject	OIL EXPORTS
dc.subject	OIL PRICE
dc.subject	OIL PRICES
dc.subject	OIL PRODUCING COUNTRIES
dc.subject	OIL RESOURCES
dc.subject	OIL REVENUE
dc.subject	OIL REVENUES
dc.subject	OIL-EXPORTING COUNTRIES
dc.subject	OPEN ECONOMY
dc.subject	PENSION
dc.subject	PENSION FUND
dc.subject	PER CAPITA INCOME
dc.subject	POLITICAL ECONOMY
dc.subject	PORTFOLIO
dc.subject	PORTFOLIO INVESTMENT
dc.subject	POSITIVE EFFECTS
dc.subject	POSITIVE EXTERNALITIES
dc.subject	POVERTY REDUCTION
dc.subject	PRICE MOVEMENTS
dc.subject	PRIMARY COMMODITIES
dc.subject	PRIVATE CAPITAL
dc.subject	PRIVATE INVESTMENT
dc.subject	PROBABILITY
dc.subject	PRODUCTION INPUTS
dc.subject	PROPERTY RIGHTS
dc.subject	PUBLIC DEBT
dc.subject	PUBLIC EXPENDITURE
dc.subject	PUBLIC FINANCE
dc.subject	PUBLIC INVESTMENT
dc.subject	PUBLIC INVESTMENTS
dc.subject	RATE OF GROWTH
dc.subject	REAL EFFECTIVE EXCHANGE RATE
dc.subject	REAL EXCHANGE RATE
dc.subject	REAL EXCHANGE RATE APPRECIATION
dc.subject	REAL GDP
dc.subject	REAL INVESTMENT
dc.subject	RELATIVE PRICE
dc.subject	RELATIVE PRICES
dc.subject	RENTS
dc.subject	RESERVES
dc.subject	RESOURCE ALLOCATION
dc.subject	RESOURCE MOVEMENT EFFECT
dc.subject	RETURN
dc.subject	RULE OF LAW
dc.subject	SAVINGS RATE
dc.subject	SECTOR REFORMS
dc.subject	SECURITIES
dc.subject	SLACK
dc.subject	SLOW GROWTH
dc.subject	SUPPLY SIDE
dc.subject	TAX
dc.subject	TAX REGIMES
dc.subject	TAX SYSTEM
dc.subject	TAXATION
dc.subject	TECHNICAL ASSISTANCE
dc.subject	TOTAL EXPORTS
dc.subject	TRANSMISSION MECHANISMS
dc.subject	TRANSPARENCY
dc.subject	UNEMPLOYMENT
dc.subject	VALUE ADDED
dc.subject	WAGES
dc.subject	WEALTH
dc.subject	WORLD DEVELOPMENT INDICATOR
dc.subject	WORLD DEVELOPMENT INDICATORS
dc.subject	WORLD ECONOMIES
dc.title	Transforming Natural Resource Wealth into Sustained Growth and Poverty Reduction : A Conceptual Framework for Sub-Saharan African Oil Exporting Countries
dc.type	Publications & Research :: Policy Research Working Paper
dc.coverage	Africa
dc.coverage	Africa
dc.coverage	Africa