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Author: Jan Gottschalk Publisher: International Monetary Fund ISBN: 1455200751 Category : Business & Economics Languages : en Pages : 38
Book Description
We use a calibrated multi-sector DSGE model to analyze the likely impact of oil windfalls on the Ghanaian economy, under alternative fiscal and monetary policy responses. We distinguish between the short-run impact, associated with demand-related pressures, and the medium run impact on competitiveness and growth. The impact on inflation and the real exchange rate could be moderate, especially if the fiscal authorities smooth oil-related spending or increase public spending’s import content. However, a policy mix that results in both a fiscal expansion and the simultaneous accumulation of the foreign currency proceeds from oil as international reserves—to offset the real appreciation—would raise demand pressures and crowd-out the private sector. In the medium term, the negative impact on competitiveness—resulting from ”Dutch Disease” effects—could be small, provided public spending increases the stock of productive public capital. These findings highlight the role of different policy responses, and their interaction, for the macroeconomic impact of oil proceeds.
Author: Jan Gottschalk Publisher: International Monetary Fund ISBN: 1455200751 Category : Business & Economics Languages : en Pages : 38
Book Description
We use a calibrated multi-sector DSGE model to analyze the likely impact of oil windfalls on the Ghanaian economy, under alternative fiscal and monetary policy responses. We distinguish between the short-run impact, associated with demand-related pressures, and the medium run impact on competitiveness and growth. The impact on inflation and the real exchange rate could be moderate, especially if the fiscal authorities smooth oil-related spending or increase public spending’s import content. However, a policy mix that results in both a fiscal expansion and the simultaneous accumulation of the foreign currency proceeds from oil as international reserves—to offset the real appreciation—would raise demand pressures and crowd-out the private sector. In the medium term, the negative impact on competitiveness—resulting from ”Dutch Disease” effects—could be small, provided public spending increases the stock of productive public capital. These findings highlight the role of different policy responses, and their interaction, for the macroeconomic impact of oil proceeds.
Author: Nathan Andrews Publisher: Routledge ISBN: 1000220850 Category : Business & Economics Languages : en Pages : 141
Book Description
This book gives a comprehensive overview of Ghana’s hydrocarbon economy using actor network and assemblage theories to contest the methodological nationalism of mainstream accounts of the resource curse in resource-rich countries. Drawing upon recent field research focused on Ghana’s oil and gas sector and utilizing the theoretical framework of actor network theory, the authors contend that there is an assemblage of political, economic, social and environmental networks, processes, actions, actors, and structures of power that coalesce to determine the extent to which the country’s hydrocarbon resources could be regarded as a "curse" or "blessing." This framing facilitates a better understanding of the variety (and duality) of local and global forces and power structures at play in Ghana’s growing hydrocarbon industry. Giving a nuanced and multi-perspectival analysis of the factors that underlie oil-engendered development in Ghana, this book will be of interest to students and scholars of African political economy, development and the politics of resource extraction.
Author: Nathan Andrews Publisher: Routledge ISBN: 100022077X Category : Business & Economics Languages : en Pages : 156
Book Description
This book gives a comprehensive overview of Ghana’s hydrocarbon economy using actor network and assemblage theories to contest the methodological nationalism of mainstream accounts of the resource curse in resource-rich countries. Drawing upon recent field research focused on Ghana’s oil and gas sector and utilizing the theoretical framework of actor network theory, the authors contend that there is an assemblage of political, economic, social and environmental networks, processes, actions, actors, and structures of power that coalesce to determine the extent to which the country’s hydrocarbon resources could be regarded as a "curse" or "blessing." This framing facilitates a better understanding of the variety (and duality) of local and global forces and power structures at play in Ghana’s growing hydrocarbon industry. Giving a nuanced and multi-perspectival analysis of the factors that underlie oil-engendered development in Ghana, this book will be of interest to students and scholars of African political economy, development and the politics of resource extraction.
Author: Todd Moss Publisher: CGD Books ISBN: 1933286695 Category : Business & Economics Languages : en Pages : 190
Book Description
Oil to Cash explores one option to help countries with new oil revenue avoid the so-called resource curse: just give the money directly to citizens. A universal, transparent, and regular cash transfer would not only provide a concrete benefit to regular people, but would also create powerful incentives for citizens to hold their government accountable. Oil to Cash details how and where this idea could work and how policymakers can learn from the experiences with cash transfers in places like Mexico, Mongolia, and Alaska.
Author: Franklin Obeng-Odoom Publisher: Routledge ISBN: 1317682769 Category : Business & Economics Languages : en Pages : 252
Book Description
This book presents a critical analysis of the ‘resource curse’ doctrine and a review of the international evidence on oil and urban development to examine the role of oil on property development and rights in West Africa’s new oil metropolis - Sekondi-Takoradi, Ghana. It seeks answers to the following questions: In what ways did the city come into existence? What changes to property rights are oil prospecting, explorations, and production introducing in the 21st century? How do the effects vary across different social classes and spectrums? To what extent are local and national institutions able to shape, restrain, and constrain trans-national oil-related accumulation and its effects on property in land, property in housing (residential, leisure, and commercial), and property in labour? How do these processes connect with the entire urban system in Ghana? This book shows how institutions of varying degrees of power interact to govern land, housing, and labour in the city, and analyses how efficient, sustainable, and equitable the outcomes of these interactions are. It is a comprehensive account of the tensions and contradictions in the main sectors of the urban economy, society, and environment in the booming Oil City and will be of interest to urban economists, development economists, real estate economists, Africanists and urbanists.
Author: John R. Heilbrunn Publisher: Cambridge University Press ISBN: 1107049814 Category : Business & Economics Languages : en Pages : 281
Book Description
This book focuses on the history, key industry and policy actors, and political economic outcomes in oil-producing African states, filling a gap in the literature on resource-abundant countries by providing an optimistic assessment of circumstances in contemporary Africa.
Author: George y Owusu Publisher: ISBN: 9780997351965 Category : Languages : en Pages :
Book Description
In Pursuit of Jubilee Field is about a businessman who rose to the challenge and initiated an effort that would result in one of the largest discoveries of premium grade oil on the African continent. It was the opportunity of a lifetime. Yet, even before a drop of oil could be pumped, a firestorm would ensue when the new government of Ghana launched a criminal investigation of George Owusu, bringing the nation's fledgling oil industry to the brink of chaos and plunging his life into a nightmare. This riveting story answers many of the questions from George's point of view and captures how one man, upon whom the nation had bestowed its most coveted award, becomes a target, overnight. As often as not in life, good deeds, honesty and hard work aren't always met with joy. But integrity and fortitude always triumphs.
Author: Franklin Obeng-Odoom Publisher: Routledge ISBN: 1317682750 Category : Business & Economics Languages : en Pages : 269
Book Description
This book presents a critical analysis of the ‘resource curse’ doctrine and a review of the international evidence on oil and urban development to examine the role of oil on property development and rights in West Africa’s new oil metropolis - Sekondi-Takoradi, Ghana. It seeks answers to the following questions: In what ways did the city come into existence? What changes to property rights are oil prospecting, explorations, and production introducing in the 21st century? How do the effects vary across different social classes and spectrums? To what extent are local and national institutions able to shape, restrain, and constrain trans-national oil-related accumulation and its effects on property in land, property in housing (residential, leisure, and commercial), and property in labour? How do these processes connect with the entire urban system in Ghana? This book shows how institutions of varying degrees of power interact to govern land, housing, and labour in the city, and analyses how efficient, sustainable, and equitable the outcomes of these interactions are. It is a comprehensive account of the tensions and contradictions in the main sectors of the urban economy, society, and environment in the booming Oil City and will be of interest to urban economists, development economists, real estate economists, Africanists and urbanists.
Author: Hany Gamil Besada Publisher: McGill-Queen's Press - MQUP ISBN: 0228007089 Category : Social Science Languages : en Pages : 219
Book Description
A country's abundant natural resources may serve as a curse or a blessing, with the outcome often dependent on prevailing governance structures and experience managing these assets. Despite natural resource advantages, many African countries have failed to transform their enormous economic potential and wealth into tangible benefits such as sustainable socio-economic development, human security, or peace. Governance, Conflict, and Natural Resources in Africa reevaluates the role that foreign state-owned and private-sector actors play in resource-rich states – whether stable, post-conflict, or fragile – in sub-Saharan Africa. Through research and an analysis of in-depth interviews with local stakeholders in Ghana, Sierra Leone, and Ethiopia, Hany Besada explains how foreign state-owned and private-sector corporations have contributed to economic growth at both the national and local levels in different resource-rich countries. This book reveals the unique challenges and opportunities created by these investors, demonstrating that new policies in business practices and operations have the potential to generate sustainable development and positive economic transformation. Governance, Conflict, and Natural Resources in Africa puts forward a novel framework for understanding the role of private economic actors in extractive industries in Africa and sheds new light on foreign private-sector contributions to capacity building and economic development.
Author: Jan Gottschalk
Author: Jan Gottschalk
Author: Nathan Andrews
Author: Ton Van den Bremer
Author: Nathan Andrews
Author: Todd Moss
Author: Franklin Obeng-Odoom
Author: John R. Heilbrunn
Author: George y Owusu
Author: Franklin Obeng-Odoom
Author: Hany Gamil Besada