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Macro-Fiscal Gains from Anti-Corruption Reforms in the Republic of Congo

Macro-Fiscal Gains from Anti-Corruption Reforms in the Republic of Congo »

Volume/Issue: 2019/121

Series: IMF Working Papers

Author(s): Giovanni Melina , Hoda Selim , and Concepcion Verdugo-Yepes

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 June 2019

DOI: http://dx.doi.org/10.5089/9781498312042.001

ISBN: 9781498312042

Keywords: Oil revenues, Oil production, Economic growth, Public investment programs, Public investments, Congo, Africa, corruption, PFM, oil curse

This paper argues that oil revenue management and public investment in Congo are vulnerable to corruption as a result of limited transparency and accountability. Corruption has potentially contributed to poor macro...

Macro-Fiscal Gains from Anti-Corruption Reforms in the Republic of Congo

Macro-Fiscal Gains from Anti-Corruption Reforms in the Republic of Congo »

Source: Macro-Fiscal Gains from Anti-Corruption Reforms in the Republic of Congo

Volume/Issue: 2019/121

Series: IMF Working Papers

Author(s): Giovanni Melina , Hoda Selim , and Concepcion Verdugo-Yepes

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 June 2019

ISBN: 9781498312042

Keywords: Oil revenues, Oil production, Economic growth, Public investment programs, Public investments, Congo, Africa, corruption, PFM, oil curse

This paper argues that oil revenue management and public investment in Congo are vulnerable to corruption as a result of limited transparency and accountability. Corruption has potentially contributed to poor macro...

Oil Prices and the Global Economy

Oil Prices and the Global Economy »

Volume/Issue: 2017/15

Series: IMF Working Papers

Author(s): Rabah Arezki , Zoltan Jakab , Douglas Laxton , Akito Matsumoto , Armen Nurbekyan , Hou Wang , and Jiaxiong Yao

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 January 2017

DOI: http://dx.doi.org/10.5089/9781475572360.001

ISBN: 9781475572360

Keywords: Oil prices, Oil sector, Supply and demand, Oil production, Econometric models, Oil market; macroeconomic model; depletion; consumption efficiency; technology; cycle.

This paper presents a simple macroeconomic model of the oil market. The model incorporates features of oil supply such as depletion, endogenous oil exploration and extraction, as well as features of oil demand such...

Oil Prices and the Global Economy

Oil Prices and the Global Economy »

Source: Oil Prices and the Global Economy

Volume/Issue: 2017/15

Series: IMF Working Papers

Author(s): Rabah Arezki , Zoltan Jakab , Douglas Laxton , Akito Matsumoto , Armen Nurbekyan , Hou Wang , and Jiaxiong Yao

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 January 2017

ISBN: 9781475572360

Keywords: Oil prices, Oil sector, Supply and demand, Oil production, Econometric models, Oil market; macroeconomic model; depletion; consumption efficiency; technology; cycle.

This paper presents a simple macroeconomic model of the oil market. The model incorporates features of oil supply such as depletion, endogenous oil exploration and extraction, as well as features of oil demand such...

Winning the Oil Lottery
			: The Impact of Natural Resource Extraction on Growth

Winning the Oil Lottery : The Impact of Natural Resource Extraction on Growth »

Volume/Issue: 2016/61

Series: IMF Working Papers

Author(s): Tiago Cavalcanti , Daniel Da Mata , and Frederik Toscani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 March 2016

DOI: http://dx.doi.org/10.5089/9781513587752.001

ISBN: 9781513587752

Keywords: Oil and Gas, Urbanization, oil, drilling, oil discoveries, oil production, gas, General, All Countries,

This paper provides evidence of the causal impact of oil discoveries on development. Novel data on the drilling of 20,000 oil wells in Brazil allows us to exploit a quasi-experiment: Municipalities where oil was di...

Winning the Oil Lottery

Winning the Oil Lottery »

Source: Winning the Oil Lottery : The Impact of Natural Resource Extraction on Growth

Volume/Issue: 2016/61

Series: IMF Working Papers

Author(s): Tiago Cavalcanti , Daniel Da Mata , and Frederik Toscani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 March 2016

ISBN: 9781513587752

Keywords: Oil and Gas, Urbanization, oil, drilling, oil discoveries, oil production, gas, General, All Countries,

This paper provides evidence of the causal impact of oil discoveries on development. Novel data on the drilling of 20,000 oil wells in Brazil allows us to exploit a quasi-experiment: Municipalities where oil was di...

The U.S. Oil Supply Revolution and the Global Economy

The U.S. Oil Supply Revolution and the Global Economy »

Volume/Issue: 2015/259

Series: IMF Working Papers

Author(s): Kamiar Mohaddes , and Mehdi Raissi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 December 2015

DOI: http://dx.doi.org/10.5089/9781513509846.001

ISBN: 9781513509846

Keywords: Tight oil, shale oil, fracking revolution, oil price decline, oil supply, global macroeconometric modeling, international business cycle, oil, prices, oil prices

This paper investigates the global macroeconomic consequences of falling oil prices due to the oil revolution in the United States, using a Global VAR model estimated for 38 countries/regions over the period 1979Q2...

The U.S. Oil Supply Revolution and the Global Economy1

The U.S. Oil Supply Revolution and the Global Economy1 »

Source: The U.S. Oil Supply Revolution and the Global Economy

Volume/Issue: 2015/259

Series: IMF Working Papers

Author(s): Kamiar Mohaddes , and Mehdi Raissi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 December 2015

ISBN: 9781513509846

Keywords: Tight oil, shale oil, fracking revolution, oil price decline, oil supply, global macroeconometric modeling, international business cycle, oil, prices, oil prices

This paper investigates the global macroeconomic consequences of falling oil prices due to the oil revolution in the United States, using a Global VAR model estimated for 38 countries/regions over the period 1979Q2...

2. A Fiscal Framework to Support Growth and Manage Dependence on Natural Resource Revenues

2. A Fiscal Framework to Support Growth and Manage Dependence on Natural Resource Revenues »

Source: Saudi Arabia : Tackling Emerging Economic Challenges to Sustain Strong Growth

Series: Departmental Papers / Policy Papers

Author(s): Ahmed Al-Darwish , Naif Alghaith , Alberto Behar , Tim Callen , Pragyan Deb , Amgad Hegazy , Padamja Khandelwal , Malika Pant , and Haonan Qu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 March 2015

ISBN: 9781498323079

Keywords: Export diversification, Commodity markets, Economic growth, Budgets, Fiscal rules, Fiscal policy, Macroprudential Policy, Nonoil sector, Monetary policy, Oil revenues

Saudi Arabia derives more than 90 percent of its fiscal revenue from oil. Key challenges for fiscal policymakers are to insulate the economy and the budget from large fluctuations in oil prices, ensure that...

Saudi Arabia
			: Tackling Emerging Economic Challenges to Sustain Strong Growth

Saudi Arabia : Tackling Emerging Economic Challenges to Sustain Strong Growth »

Series: Departmental Papers / Policy Papers

Author(s): Ahmed Al-Darwish , Naif Alghaith , Alberto Behar , Tim Callen , Pragyan Deb , Amgad Hegazy , Padamja Khandelwal , Malika Pant , and Haonan Qu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 March 2015

DOI: http://dx.doi.org/10.5089/9781498323079.087

ISBN: 9781498323079

Keywords: Export diversification, Commodity markets, Economic growth, Budgets, Fiscal rules, Fiscal policy, Macroprudential Policy, Nonoil sector, Monetary policy, Oil revenues

Saudi Arabia: Tackling Emerging Economic Challenges to Sustain Strong Growth...