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Institut für Weltwirtschaft (IfW), Kiel >
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http://hdl.handle.net/10419/60334
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| Title: | | Can oil-led growth and structural change go hand in hand in Ghana? A multi-sector intertemporal general equilibrium assessment  |
| Authors: | | Breisinger, Clemens Diao, Xinshen Wiebelt, Manfred |
| Issue Date: | | 2012 |
| Series/Report no.: | | Kiel Working Paper 1784 |
| Abstract: | | Unlike in Asia, the manufacturing sector has not (yet) become a driver of structural change in Africa. One common explanation is that the natural resource-focus of many African economies leads to Dutch disease effects. To test this argument for the case of newly found oil in Ghana we develop a multi-sector intertemporal general equilibrium model with endogenous savings and investment behavior. Results show that in addition to the well-known short-term Dutch disease effects, long-term structural effects can indeed impede Asian-style economic transformation in Ghana (and other resource rich countries). We also demonstrate how oil wealth may go hand in hand with structural change in the future. |
| Subjects: | | transformation growth structural change oil revenue Dutch disease Ghana intertemporal general equilibrium |
| JEL: | | C68 D58 D90 F43 O11 O41 O55 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Economists Online Publikationen von Forscherinnen und Forschern des IfW Kieler Arbeitspapiere, IfW
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