Nigeria - Policy Options for Growth and Stability : Volume 1. Main Report

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collection.link.87
https://openknowledge.worldbank.org/handle/10986/2195
collection.name.87
General Economy, Macroeconomics, and Growth Study
dc.contributor.author
World Bank
dc.date.accessioned
2013-07-08T16:15:05Z
dc.date.available
2013-07-08T16:15:05Z
dc.date.issued
2003-06-30
dc.description.abstract
This report represents an effort to identify policy options for long-run growth and poverty reduction that are compatible with the high degree of macroeconomic volatility and challenging institutional realities faced by Nigerian policy makers. The report includes the following key messages: a) The Nigerian economy is not merely volatile; it is one of the most volatile economies in the world. b) There is evidence that this volatility has adversely affected not only Nigeria's historical growth record but also the performance of World Bank projects in Nigeria. c) Sustained future growth and poverty reduction are unlikely without a significant reduction in volatility. c) Oil price fluctuations drive only part of Nigeria's volatility, policy choices have also contributed to the problem. d) Policy choices are available that can help accelerate growth and thus help reduce the percentage of people living in poverty. To conclude, the report identifies several policy options that may help Nigerian make the transition to a high growth, low poverty economy despite the current challenges. More work will be required to further test and deepen the ideas put forth here, but the effort will bring its own rewards.
en
dc.identifier
http://documents.worldbank.org/curated/en/2003/06/5660739/nigeria-policy-options-growth-stability-vol-1-2-main-report
dc.identifier.uri
http://hdl.handle.net/10986/14388
dc.language
English
dc.language.iso
en_US
dc.publisher
Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ACCOUNT
dc.subject
ACCOUNTS
dc.subject
ADJUSTMENT POLICIES
dc.subject
AGRICULTURAL OUTPUT
dc.subject
AGRICULTURE
dc.subject
ASSETS
dc.subject
BASE YEAR
dc.subject
CAPITAL ACCUMULATION
dc.subject
CAPITAL FLIGHT
dc.subject
CENTRAL BANK
dc.subject
CITIES
dc.subject
COAL
dc.subject
CONSUMER PRICE INDEX
dc.subject
CONSUMERS
dc.subject
COUNTRY COMPARISON
dc.subject
CPI
dc.subject
CROSS-COUNTRY EXPERIENCE
dc.subject
CURRENCY
dc.subject
DEVALUATION
dc.subject
DEVELOPED COUNTRIES
dc.subject
DIVERSIFICATION
dc.subject
DUTCH DISEASE
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIC HISTORY
dc.subject
ELASTICITY
dc.subject
ENERGY CONSUMPTION
dc.subject
EQUILIBRIUM
dc.subject
EXCHANGE RATE
dc.subject
EXCHANGE RATE APPRECIATION
dc.subject
EXCHANGE RATE DEVALUATION
dc.subject
EXPENDITURES
dc.subject
EXPORTS
dc.subject
FARMS
dc.subject
FINANCIAL SECTOR
dc.subject
FISCAL POLICY
dc.subject
FISCAL RESPONSIBILITY
dc.subject
FISCAL YEAR
dc.subject
FIXED COSTS
dc.subject
FORECASTS
dc.subject
FOREIGN EXCHANGE
dc.subject
FOREIGN EXCHANGE MARKET
dc.subject
FORESTRY
dc.subject
GDP
dc.subject
GDP PER CAPITA
dc.subject
GOVERNMENT EXPENDITURES
dc.subject
GROSS DOMESTIC PRODUCT
dc.subject
GROWTH RATE
dc.subject
HUMAN CAPITAL
dc.subject
IMPORTS
dc.subject
INCOME
dc.subject
INCOME COUNTRIES
dc.subject
INCOME TAXES
dc.subject
INFLATION
dc.subject
INFLATION RATE
dc.subject
LABOR FORCE
dc.subject
LAWS
dc.subject
LDCS
dc.subject
LESS DEVELOPED COUNTRIES
dc.subject
M2
dc.subject
MACROECONOMIC MODELS
dc.subject
MACROECONOMIC POLICY
dc.subject
MACROECONOMIC STABILIZATION
dc.subject
MARKET PRICES
dc.subject
MARKETING
dc.subject
MEDIUM TERM EXPENDITURE FRAMEWORK
dc.subject
METALS
dc.subject
MOTIVATION
dc.subject
OIL
dc.subject
OIL PRICES
dc.subject
OIL SECTOR
dc.subject
OPEC
dc.subject
ORGANIZATION OF PETROLEUM EXPORTING COUNTRIES
dc.subject
POLICY MAKERS
dc.subject
POPULATION GROWTH
dc.subject
PRICE FLUCTUATIONS
dc.subject
PRIVATE CONSUMPTION
dc.subject
PRIVATE SECTOR
dc.subject
PRODUCERS
dc.subject
PRODUCTIVITY
dc.subject
PRODUCTIVITY GROWTH
dc.subject
PROVEN RESERVES
dc.subject
PUBLIC SECTOR
dc.subject
QUOTAS
dc.subject
REAL EXCHANGE RATE
dc.subject
REAL GDP
dc.subject
REGRESSION ANALYSIS
dc.subject
RETIREMENT
dc.subject
SAVINGS
dc.subject
SCENARIOS
dc.subject
SERVICES SECTOR
dc.subject
STABILIZATION POLICIES
dc.subject
STRUCTURAL ADJUSTMENT
dc.subject
TAX RATES
dc.subject
TERMS OF TRADE
dc.subject
TOTAL FACTOR PRODUCTIVITY
dc.subject
TRADE BARRIERS
dc.subject
UNEMPLOYMENT
dc.subject
VOLATILITY
dc.subject
WAGES
dc.subject
WASTE
dc.title
Nigeria - Policy Options for Growth and Stability : Volume 1. Main Report
en
okr.doctype
Economic & Sector Work :: General Economy, Macroeconomics and Growth Study
okr.doctype
Economic & Sector Work
okr.docurl
http://documents.worldbank.org/curated/en/2003/06/5660739/nigeria-policy-options-growth-stability-vol-1-2-main-report
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Poverty
okr.globalpractice
Governance
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000011823_20050314161436
okr.identifier.internaldocumentum
5660739
okr.identifier.report
26215
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2005/03/14/000011823_20050314161436/Rendered/PDF/262150v10UNI0w10VOLATILITY01public1.pdf
en
okr.region.administrative
Africa
okr.region.country
Nigeria
okr.sector
General public administration sector
okr.sector
Finance
okr.topic
Poverty Reduction :: Achieving Shared Growth
okr.topic
Economic Theory and Research
okr.topic
Environmental Economics and Policies
okr.topic
Macroeconomics and Economic Growth :: Economic Stabilization
okr.topic
Governance :: Governance Indicators
okr.unit
AFT: PREM 3 (AFTP3)
okr.volume
1 of 2

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