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• W2079981570 abstract "Like other fragile sub-Saharan African countries, Cote d’Ivoire, Guinea, Liberia, and Sierra Leone are seeking to harness their natural resource potential in the context of ambitious development strategies. This study investigates options for scaling up public investment and expanding social safety nets in a general equilibrium setting. First, it assesses the macro-fiscal implications of alternative fiscal rules for public investment, and, second, it explicitly accounts for redistribution through direct cash transfers. Results show that a sustainable non-resource deficit target is robust to the high uncertainty of resources output and prices, while delivering growth benefits through higher public investment. The scaling-up magnitudes, however, depend on the size of projected resource revenue and absorptive capacity. Adding a social transfer raises private consumption, suggesting that a fraction of the resource revenue could be used to expand safety nets." @default.
• W2079981570 created "2016-06-24" @default.
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• W2079981570 date "2015-01-01" @default.
• W2079981570 modified "2023-09-25" @default.
• W2079981570 title "Harnessing Resource Wealth for Inclusive Growth in Fragile States" @default.
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• W2079981570 doi "https://doi.org/10.2139/ssrn.2574697" @default.
• W2079981570 hasPublicationYear "2015" @default.
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