What Happens When a Country Does Not Adjust to Terms of Trade Shocks? The Case of Oil-Rich Gabon

Gabon is currently one of the richest countries in Sub-Saharan Africa, having a GDP per capita of close to $4,000, and is characterized by a stable political climate and rich forestry and mineral resources, as well as a small population. Oil is the...

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Bibliographic Details
Main Author: Zafar, Ali
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, D.C. 2013
Subjects:
GDP
GNP
OIL
Online Access:http://documents.worldbank.org/curated/en/2004/09/5166787/happens-country-not-adjust-terms-trade-shocks-case-oil-rich-gabon
http://hdl.handle.net/10986/14245