Angola's Incomplete Transition

Renato Aguilar

No DP2001-47, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Angola's difficulties in achieving macro-economic stability and economic liberalization have serious implications for private-sector development. Hyperinflation, and frequent policy reversal, constrain and distort investment in both the informal and formal parts of the private sector. But macro-economic instability arises in part out of mechanisms that subsidize powerful oligopolies, enabling them to capture a portion of the large oil rents.

Keywords: Imperfect competition; Macroeconomics; Poverty; Privatization; Social conflict (search for similar items in EconPapers)
Date: 2001
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