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This paper studies the prospects for sustainable growth and economic development in Gabon, in the face of a severe decline in its main source of income and growth, i.e. oil. A simple Computable General Equilibrium model is used to simulate the development of the non-oil economy under various...
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A recently much debated issue is why observed investment and growth rates inpoor countries are lower than traditional … investment rates is notmonotonic but follows a hump-shaped pattern. The empirical evidence shows thatalthough very poor economies … have very low investment rates there are'intermediately' developed economies that exhibit extremely high investmentrates …
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comparative to inflation. The findings oppose the predictable guidance that shares are safe investment avenue over long holding …
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