Escaping the Curse of Oil? The Case of Gabon
AbstractThis 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 potential role of an income stabilization fund is also discussed.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 02/93.
Date of creation: 01 May 2002
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