After the Oil: Challenges Ahead in Gabon
After the Oil: Challenges Ahead in Gabon
This paper studies the prospects for sustainable growth and economic development in Gabon, in the face of a severe decline in its main source of income and growth, i.e. oil. A simple Computable General Equilibrium model is used to simulate the development of the non-oil economy under various assumptions. The results of the simulations underline Gabon's dependence on foreign financing-especially private-and its vulnerability to variations in oil prices. The importance of adequate real exchange rate management is also underlined.
CITATION: Söderling, Ludvig. After the Oil: Challenges Ahead in Gabon . : , 2006. Journal of African Economies,Vol.15, No.1,2006,pp.117-148 - Available at: https://library.au.int/after-oil-challenges-ahead-gabon-5