Republic of Equatorial Guinea: Selected Issues

March 25, 2009

Preview Citation

Format: Chicago

Republic of Equatorial Guinea: Selected Issues, (USA: International Monetary Fund, 2009) accessed November 23, 2024

Summary

This Selected Issues paper discusses fiscal sustainability and capital expenditures for Equatorial Guinea. The paper formulates a permanent income hypothesis model and estimates it using data on oil revenues from Equatorial Guinea. The first methodology is based on a standard permanent income model, using a 50-year time horizon and real rate of return of 2 percent. The paper then extends the model to incorporate a feedback effect from capital spending to non-oil GDP growth, and shows its implications for fiscal sustainability.

Subject: Capital spending, Expenditure, Fiscal policy, Foreign exchange, National accounts, Personal income, Real effective exchange rates

Keywords: Capital spending, CR, Current account, Current account norm, ISCR, Oil GDP, Oil revenue, Personal income, Petroleum revenue projection, Production function, Real effective exchange rates, REER, Spending boom

Publication Details

Pages:

34
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2009/099
Stock No:

1GNQEA2009002
ISBN:

9781451816020
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports