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Republic of Equatorial Guinea: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper discusses fiscal sustainability and capital expenditures for Equatorial Guinea. The paper formulates a permanent income hypothesis model and estimates it using data on oil revenues from Equatorial Guinea. The first methodology is based on a standard permanent income model, using a 50-year time horizon and real rate of return of 2 percent. The paper then extends the model to incorporate a feedback effect from capital spending to non-oil GDP growth, and shows its implications for fiscal sustainability.

Suggested Citation

  • International Monetary Fund, 2009. "Republic of Equatorial Guinea: Selected Issues," IMF Staff Country Reports 2009/099, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2009/099
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    References listed on IDEAS

    as
    1. Yasser Abdih & Charalambos Tsangarides, 2010. "FEER for the CFA franc," Applied Economics, Taylor & Francis Journals, vol. 42(16), pages 2009-2029.
    2. Mr. Abdelhak S Senhadji, 1997. "Time-Series Estimation of Structural Import Demand Equations: A Cross-Country Analysis," IMF Working Papers 1997/132, International Monetary Fund.
    3. International Monetary Fund, 2008. "Algeria: Selected Issues," IMF Staff Country Reports 2008/104, International Monetary Fund.
    4. Mr. Mark W Lewis & Ms. Aurelie Martin & Gabriel Di Bella, 2007. "Assessing Competitiveness and Real Exchange Rate Misalignment in Low-Income Countries," IMF Working Papers 2007/201, International Monetary Fund.
    5. repec:imf:imfops:2008/002 is not listed on IDEAS
    6. Mr. Jens R Clausen, 2008. "Calculating Sustainable Non-mineral Balances as Benchmarks for Fiscal Policy: The Case of Botswana," IMF Working Papers 2008/117, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

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