Macroeconomic Challenges for Eastern Africa

Fakhri Hasanov, Fred Joutz and Baltasar Manzano

Discussion Papers from King Abdullah Petroleum Studies and Research Center

Abstract: Recent natural resource discoveries in Eastern Africa provide an enormous opportunity to boost economic development. However, success is not inevitable and the causes of failure have been extensively researched during recent years. This paper summarizes the challenges that can beset such opportunities.

Keywords: Absorptive capacity; Dutch Disease; Economic Modeling; Local Capacity Development; Natural Resource Discovery; Natural Resources Revenue; Permanent Income Hypothesis (PIH); Resource Curse; Sovereign Wealth Funds (search for similar items in EconPapers)
Pages: 12
Date: 2015-09-06
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https://www.kapsarc.org/research/publications/macr ... -for-eastern-africa/ First version, 2015 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:prc:dpaper:ks-1525-dp019a

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