Transforming Natural Resource Wealth into Sustained Growth and Poverty Reduction : A Conceptual Framework for Sub-Saharan African Oil Exporting Countries

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collection.link.5
https://openknowledge.worldbank.org/handle/10986/9
collection.name.5
Policy Research Working Papers
dc.contributor.author
Toto Same, Achille
dc.date.accessioned
2012-03-19T19:09:03Z
dc.date.available
2012-03-19T19:09:03Z
dc.date.issued
2009-03-01
dc.date.lastModified
2017-12-14T05:38:57Z
dc.description.abstract
Oil and mineral revenues raise national savings and hence facilitate investment, capital accumulation, and sustained growth; thus, there are benefits of owning large natural resources. There can be a significant spillover effect from the oil sector to the non-oil sector particularly if governments are committed to bridge the infrastructure gap and promote the non-oil economy and foremost the non-oil tradable sector. Consequently, the capacity for coordinated policy formulation and execution is fundamental as well as sound windfall management mechanisms and institutions. This conceptual framework uses the case of Indonesia and the example of Norway to argue that the resource paradox is avoidable. Abundance should not be a curse, but rather a blessing for Sub-Saharan Africa's oil and mineral exporting countries. The country context and political economy matter a great deal but should not be the main driving forces behind windfall management, to avoid excessive rent-seeking activities, inefficiency, and wasteful spending. The EITI++ implementation can contribute to make a difference, mostly through capacity building, implementation assistance, and coordination support.
en
dc.identifier
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090304085401
dc.identifier.uri
http://hdl.handle.net/10986/4048
dc.language
English
dc.relation.ispartofseries
Policy Research working paper ; no. WPS 4852
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
ABSORPTIVE CAPACITIES
dc.subject
ABSORPTIVE CAPACITY
dc.subject
ACCUMULATION OF DEBT
dc.subject
ADVERSE CONSEQUENCES
dc.subject
AGRICULTURE
dc.subject
ARREARS
dc.subject
BALANCE-OF-PAYMENTS CRISIS
dc.subject
BANK POLICY
dc.subject
BENCHMARK
dc.subject
BLACK MARKET
dc.subject
BLACK MARKET PREMIUM
dc.subject
BORROWING
dc.subject
BUDGET DEFICIT
dc.subject
CALCULATIONS
dc.subject
CAPACITY BUILDING
dc.subject
CAPITAL ACCUMULATION
dc.subject
CAPITAL FORMATION
dc.subject
CAPITAL GOODS
dc.subject
CAPITAL GOODS INDUSTRIES
dc.subject
CAPITAL STOCK
dc.subject
CAPITAL STOCKS
dc.subject
COMMERCIAL BANKS
dc.subject
COMPETITIVENESS
dc.subject
COMPREHENSIVE DEVELOPMENT
dc.subject
CONSUMER
dc.subject
CONSUMER GOODS
dc.subject
CURRENCY
dc.subject
CURRENT ACCOUNT
dc.subject
CURRENT ACCOUNT DEFICITS
dc.subject
DEBT
dc.subject
DEBT BURDEN
dc.subject
DEBT BURDENS
dc.subject
DEBT OVERHANG
dc.subject
DEBT REDUCTION
dc.subject
DEPOSITS
dc.subject
DEVELOPING COUNTRIES
dc.subject
DEVELOPING COUNTRY
dc.subject
DEVELOPMENT ASSISTANCE
dc.subject
DEVELOPMENT BANK
dc.subject
DEVELOPMENT ECONOMICS
dc.subject
DEVELOPMENT POLICY
dc.subject
DEVELOPMENT STRATEGY
dc.subject
DISBURSEMENTS
dc.subject
DOMESTIC ECONOMY
dc.subject
DOMESTIC INFLATION
dc.subject
DOMESTIC SAVING
dc.subject
DURABLE
dc.subject
DUTCH DISEASE
dc.subject
ECONOMIC ACTIVITY
dc.subject
ECONOMIC DEVELOPMENT
dc.subject
ECONOMIC EXPANSION
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIC HISTORIANS
dc.subject
ECONOMIC LIFE
dc.subject
ECONOMIC MANAGEMENT
dc.subject
ECONOMIC MODEL
dc.subject
ECONOMIC ORDER
dc.subject
ECONOMIC OUTCOMES
dc.subject
ECONOMIC OUTLOOK
dc.subject
ECONOMIC PERFORMANCE
dc.subject
ECONOMIC POLICY
dc.subject
ECONOMIC RESEARCH
dc.subject
ECONOMIC STRUCTURE
dc.subject
ECONOMICS RESEARCH
dc.subject
EMERGING ECONOMY
dc.subject
EXCHANGE RATE
dc.subject
EXCHANGE RATE APPRECIATION
dc.subject
EXCHANGE RATE VOLATILITY
dc.subject
EXCHANGE RATES
dc.subject
EXPENDITURE
dc.subject
EXPENDITURES
dc.subject
EXPORT EARNINGS
dc.subject
EXPORT PERFORMANCE
dc.subject
EXPORT REVENUES
dc.subject
EXPORTER
dc.subject
EXPORTERS
dc.subject
EXPORTS
dc.subject
EXTERNAL DEBT
dc.subject
EXTERNALITIES
dc.subject
FINANCIAL ASSETS
dc.subject
FINANCIAL CRISIS
dc.subject
FISCAL BALANCE
dc.subject
FISCAL DEFICITS
dc.subject
FISCAL POLICY
dc.subject
FLOATING INTEREST RATES
dc.subject
FORECASTS
dc.subject
FOREIGN DIRECT INVESTMENT
dc.subject
FOREIGN EXCHANGE
dc.subject
FOREIGN EXCHANGE RESERVES
dc.subject
FOREIGN EXCHANGE RESOURCES
dc.subject
FOREIGN INVESTMENT
dc.subject
FOREIGN INVESTORS
dc.subject
FOREIGN RESERVES
dc.subject
FULL EMPLOYMENT
dc.subject
GDP
dc.subject
GDP PER CAPITA
dc.subject
GLOBAL DEMAND
dc.subject
GLOBAL ECONOMY
dc.subject
GLOBALIZATION
dc.subject
GOVERNMENT EXPENDITURE
dc.subject
GOVERNMENT FINANCES
dc.subject
GOVERNMENT POLICY
dc.subject
GOVERNMENT REVENUE
dc.subject
GOVERNMENT REVENUES
dc.subject
GOVERNMENT SPENDING
dc.subject
GROWTH MODELS
dc.subject
GROWTH PERFORMANCE
dc.subject
GROWTH POTENTIAL
dc.subject
GROWTH RATE
dc.subject
GROWTH RATES
dc.subject
HUMAN CAPITAL
dc.subject
IMPORT
dc.subject
IMPORTS
dc.subject
INCOME
dc.subject
INCREASING RETURNS
dc.subject
INCREASING RETURNS TO SCALE
dc.subject
INDUSTRIAL INVESTMENTS
dc.subject
INDUSTRIALIZATION
dc.subject
INEFFICIENCY
dc.subject
INFLATION
dc.subject
INSTRUMENT
dc.subject
INTERNATIONAL BANK
dc.subject
INTERNATIONAL ECONOMICS
dc.subject
INTERNATIONAL MARKET
dc.subject
INTERNATIONAL TRADE
dc.subject
INVESTING
dc.subject
INVESTMENT DECISION
dc.subject
INVESTMENT DECISIONS
dc.subject
INVESTMENT PROGRAM
dc.subject
INVESTMENT RATE
dc.subject
INVESTMENT SPENDING
dc.subject
LACK OF EXPERIENCE
dc.subject
LIQUIDITY
dc.subject
LIVING STANDARDS
dc.subject
MACROECONOMIC IMPEDIMENT
dc.subject
MACROECONOMIC POLICIES
dc.subject
MACROECONOMIC REFORMS
dc.subject
MARGINAL PRODUCTIVITY
dc.subject
MARKET TRANSACTIONS
dc.subject
MONETARY FUND
dc.subject
MONETARY POLICY
dc.subject
NATIONAL SAVING
dc.subject
NATIONAL SAVINGS
dc.subject
NATURAL RESOURCE
dc.subject
NATURAL RESOURCES
dc.subject
NEWLY INDUSTRIALIZED COUNTRIES
dc.subject
OIL BOOM
dc.subject
OIL BOOMS
dc.subject
OIL ECONOMY
dc.subject
OIL EXPORTER
dc.subject
OIL EXPORTERS
dc.subject
OIL EXPORTING COUNTRIES
dc.subject
OIL EXPORTING COUNTRY
dc.subject
OIL EXPORTS
dc.subject
OIL PRICE
dc.subject
OIL PRICES
dc.subject
OIL PRODUCING COUNTRIES
dc.subject
OIL RESOURCES
dc.subject
OIL REVENUE
dc.subject
OIL REVENUES
dc.subject
OIL-EXPORTING COUNTRIES
dc.subject
OPEN ECONOMY
dc.subject
PENSION
dc.subject
PENSION FUND
dc.subject
PER CAPITA INCOME
dc.subject
POLITICAL ECONOMY
dc.subject
PORTFOLIO
dc.subject
PORTFOLIO INVESTMENT
dc.subject
POSITIVE EFFECTS
dc.subject
POSITIVE EXTERNALITIES
dc.subject
POVERTY REDUCTION
dc.subject
PRICE MOVEMENTS
dc.subject
PRIMARY COMMODITIES
dc.subject
PRIVATE CAPITAL
dc.subject
PRIVATE INVESTMENT
dc.subject
PROBABILITY
dc.subject
PRODUCTION INPUTS
dc.subject
PROPERTY RIGHTS
dc.subject
PUBLIC DEBT
dc.subject
PUBLIC EXPENDITURE
dc.subject
PUBLIC FINANCE
dc.subject
PUBLIC INVESTMENT
dc.subject
PUBLIC INVESTMENTS
dc.subject
RATE OF GROWTH
dc.subject
REAL EFFECTIVE EXCHANGE RATE
dc.subject
REAL EXCHANGE RATE
dc.subject
REAL EXCHANGE RATE APPRECIATION
dc.subject
REAL GDP
dc.subject
REAL INVESTMENT
dc.subject
RELATIVE PRICE
dc.subject
RELATIVE PRICES
dc.subject
RENTS
dc.subject
RESERVES
dc.subject
RESOURCE ALLOCATION
dc.subject
RESOURCE MOVEMENT EFFECT
dc.subject
RETURN
dc.subject
RULE OF LAW
dc.subject
SAVINGS RATE
dc.subject
SECTOR REFORMS
dc.subject
SECURITIES
dc.subject
SLACK
dc.subject
SLOW GROWTH
dc.subject
SUPPLY SIDE
dc.subject
TAX
dc.subject
TAX REGIMES
dc.subject
TAX SYSTEM
dc.subject
TAXATION
dc.subject
TECHNICAL ASSISTANCE
dc.subject
TOTAL EXPORTS
dc.subject
TRANSMISSION MECHANISMS
dc.subject
TRANSPARENCY
dc.subject
UNEMPLOYMENT
dc.subject
VALUE ADDED
dc.subject
WAGES
dc.subject
WEALTH
dc.subject
WORLD DEVELOPMENT INDICATOR
dc.subject
WORLD DEVELOPMENT INDICATORS
dc.subject
WORLD ECONOMIES
dc.title
Transforming Natural Resource Wealth into Sustained Growth and Poverty Reduction : A Conceptual Framework for Sub-Saharan African Oil Exporting Countries
en
okr.doctype
Publications & Research :: Policy Research Working Paper
okr.docurl
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090304085401
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/1813-9450-4852
okr.identifier.externaldocumentum
000158349_20090304085401
okr.identifier.internaldocumentum
10315412
okr.identifier.report
WPS4852
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2009/03/04/000158349_20090304085401/Rendered/PDF/WPS4852.pdf
en
okr.region.administrative
Africa
okr.region.administrative
Africa
okr.region.geographical
Africa
okr.unit
Development Research Group (DECRG)
okr.volume
1 of 1

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