EconPapers    
Economics at your fingertips  
 

Mozambique—bust before boom: Reflections on investment surges and new gas

Roe Alan R.

No 140, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper is a sequel to an earlier paper that looked in broad terms at many of the issues that Mozambique faces today in managing its new extractive resources.The paper first describes the investment surge that has already been prompted by new gas discoveries in Mozambique. It then summarizes some of the more recent literature that has examined the effects of such surges in other country contexts.It next examines the main aspects of the disappointing economic outcomes that have so far been seen through 2018, and selectively analyses some of the implications of these outcomes for future policy.The paper concludes by exploring the epidemiology of a large public investment surge—an issue that has relevance for the further surge that is still anticipated. In following this sequence of argument, the paper also throws light on a number of critical general policy questions that arise in the context of major new resource discovery.

Keywords: Economic diversification; Economic transformation; Extractive industries; Institutional change; Policy coordination; Resource curse (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec and nep-ene
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.wider.unu.edu/sites/default/files/Publi ... r/PDF/wp2018-140.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:wp2018-140

Access Statistics for this paper

More papers in WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER) Contact information at EDIRC.
Bibliographic data for series maintained by Mauricio Roa Grisales ().

 
Page updated 2019-12-06
Handle: RePEc:unu:wpaper:wp2018-140